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"bearer" certificates
On Tue, 7 May 1996 [email protected] wrote:
> Why not digitial "bearer" instruments be non-negotiable without
> a given signature?
>
> I suppose these wouldn't be "bearer" but whatever we call them,
> doesn't this solve the double spending problem somewhat?
[ ... ]
> The instrument can be converted to a bearer instrument by the holder
> at any time by signing it over to noone as opposed to signing it over
> to a named party or key. (Much like making a check payable to "cash")
Not with a MITM. Mallet just signs the certificate first and turns it in,
before the other entity even receives it. The bank has no way to tell
which of those two certificates would be invalid... and the anonymous
entity gets screwed. Signed bearer certificates are great for
non-anonymous communication...
----------
Jon Lasser (410)494-3072 - Obscenity is a crutch for
[email protected] inarticulate motherfuckers.
http://www.goucher.edu/~jlasser/
Finger for PGP key (1024/EC001E4D) - Fuck the CDA.