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The solution to this is a technique known as blind signatures. This gives us a way to associate a unique ID with a bill to be able to detect double spending but doesnt allow the bank to associate the unique IDs on the bills with the person who acquires that bill. Heres the idea--Alice will deposit her $100 in the bank, and along with the bill shell generate a message that says Bill # rA-- some unique ID generated by Alice--Invisible Primes Bank owes the bearer $100. Shell go to the bank, give the banker the $100 bill, and ask the bank to sign the message m. To make it a blind signature, though, shell insist the bank wear a blindfold before bringing out the message m and the banker will have to sign it without being able to see this message. The bank will give that signed message back to Alice. This protocol has an obvious flaw in it. The bank doesnt know what its signing. Alice could deposit $100 and ask the bank to sign a message for $100 gazillion. When someone deposits that b