>On 01/08/16 09:33, Roger Clarke wrote: >> Another issue is that disintermediation is always attractive. Until >> you discover how much you have to invest ...
At 9:02 +1000 2/8/16, Tom Worthington wrote: >Why is there a large investment needed? You just need a register so you can >authenticate parties to a transaction. ... 'The great thing about standards [and protocols] is that there are so many to choose from'. And then of course there are the many options within each standard and protocol, and the many ambiguities and vaguenesses, and the many versions. In even modestly diverse contexts, intermediation involves handling very large numbers of exceptions, 'legacy' arrangements, erroneous input arising from low-quality implementations, etc. In a generic scheme, multiply the complexity by n, where n isn't small. -- Roger Clarke http://www.rogerclarke.com/ Xamax Consultancy Pty Ltd 78 Sidaway St, Chapman ACT 2611 AUSTRALIA Tel: +61 2 6288 6916 http://about.me/roger.clarke mailto:[email protected] http://www.xamax.com.au/ Visiting Professor in the Faculty of Law University of N.S.W. Visiting Professor in Computer Science Australian National University _______________________________________________ Link mailing list [email protected] http://mailman.anu.edu.au/mailman/listinfo/link
