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credibility & pseudonyms

I have this persistent image of what a great boon all these
encrypted networks will be for undercover work. Currently when
some species of cop or spy goes undercover they take on a nearly
full time acting job. They have to work for a long time to
establish their credentials and throughout the process are usually
in significant physical danger. I vaguely remember (the details are
probably wrong) some Isreali spy got as far as the position of Minister
of Defense in Jordan before he got hung.

With digital signatures a dozen secretaries could run a hundred or more
pseudoagents, build a solid reputation for each over years.

The same approach would work for a patient con man. 

Real credibility has to be tied to a physical body. Some thing
at risk.