CRYPTO: Money laundering and traceability

[hughes@ah.com (Eric Hughes)]

>This is a good point, although I think on-line systems are unlikely to
>be used for payments to private individuals such as in the scenarios I
>mentioned, because of the cost of accessing a centralized database for
>every transaction.  

The cost of communications on the internet is extremely low, and the
cost of doing a single database query is also.  An initial cost for
facilities only should be able to start out, right now today, at less
than 2 cents per transaction.

Eric