“Blind signatures cannot prevent or discourage the unauthorized lending of certificates. This drawback by itself renders the blinding technique useless for the majority of certificate applications”

Re-reading Brands book on certificates. Came across this statement above. This is the superpower for ecash.

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How so?

The issuer has no knowledge of the unblinded token.

Right. I don't see why that is useless as quoted. Or did the book get it wrong?

Book was written in 2000. Brands was a student of Chaum. Likely this statement resulted from the failure of ecash at the time.