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Re: Mark Twain Bank's DigiCash offer
On Fri, 27 Oct 1995, Andrew Loewenstern wrote:
> The gotcha being that as long as your money is in the "mint" it is not under
> FDIC protection... Just how safe your cash is when it is in the mint is
> entirely related to the security of Mark Twain's systems, which are
> high-profile machines that will surely be subjected to many cracking
> attempts. Some may prefer to keep complete control over their cash and store
> all of it themselves. Unlike physical cash, this stuff can be split up,
> encrypted, and stored in multiple places, possibly offering more security
> than the Mark Twain "mint."
Unfortunately, it also expires (btw, how soon??):
----- 8< ----- quoted from http://www.marktwain.com/digifaq.html ---------
Once the money is on your hard drive, you can hold it (until expiration
date - check this often), or spend it.
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Enzo