EFTA02400658.pdf
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From: Vincenzo lozzo < >
Sent: Wednesday, August 27, 2014 10:28 PM
To: jeffrey E.
Cc: Joichi Ito
Subject: 'hedging' the food stamp currency on the bitcoin bet
so an alternative to implement a new standalone thing (with maybe =k-SNARKs) for the food stamps, we can build on
top of bitcoin using =heir scripting language and the multi sign 'feature'. Where essentially we can say that the coins
given =o certain users (food stamp holders) can only be spent if a third-party =ntity authorizes the transaction, this
would allow us/the govt to =ontrol how coins are spent. There's some extra machinery there to do once the =oin leaves
the hands of the food stamp holder, but it should work
The hedging part is that we can most likely build both options and if =itcoin ends up winning we go there, otherwise we
take the other path
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EFTA_R1_01436285
EFTA02400658
ℹ️ Document Details
SHA-256
885ef7659c5c7f6e0b5c1e19dc42621929b57bb99e8231e91a495aa6b980f295
Bates Number
EFTA02400658
Dataset
DataSet-11
Type
document
Pages
1
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