Re: Call for Founders: Digital Bearer Settlement Email List and

James A. Donald (jamesd@echeque.com)
Thu, 19 Mar 1998 11:28:46 -0800

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    --
At 08:05 AM 3/18/98 +0000, gary@aaa-mainstreet.nl wrote:
> I'm a little unsure as to why you introduced the term
> "secondary market" - I guess it is because you associate
> bearer devices with the ability to trade without the
> original issuers co-operation? If so, then e-cash style
> bearer certificates will not allow that, since the issuer
> *must* be involved every time the certificate changes
> hands, and this involves the traders having accounts with
> the issuer (ok, you can get by with only one trader having
> an account, but to me a secondary market implies that most
> traders don't need an account).

I really do not think that truly anonymous stuff will do what
we need done.

However nymous stuff, where you control your stocks by your
public key, but you can have as many nyms as you like, and
not all issuers demand that peoples nyms be connectable to
your tax file number, should do just fine.

Nym based transaction facilities can provide the kind of
privacy that a numbered Swiss bank account does, which is
probably good enough for most people, most of the time.

    --digsig
         James A. Donald
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