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Re: Tense visions of future imperfect



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>What the bank does is keep a list of all spent serial numbers,
not all
>issued ones (since it doesn't know those).  That way it can
detect double
>spending.

Correct me if I'm wrong: It means that the weakest point of the
digital
cash chain is the server.  If the server's database is tampered
with, or lost,
then, the double-spending can be done (in case of loss, if ever
the server is put
back online)  

Does that means that for all practical purposes, a server
should be run from a 
vault with security comparable to a big money repository?

JFA


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