Re: Untraceable Payments, Extortion, and Other Bad Things

["Mark M." <markm@voicenet.com>]

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On Mon, 30 Dec 1996, Omegaman wrote:

> Yes.  But we were talking about one only "doubly untraceable" Chaumian
> digicash system.  I feel that if such systems don't see wide and common
> usage, they will fade away in favor off "singly untraceable" and like
> systems. (or be pushed out, such as in the example we played with above).
> 
> One rogue bank, therefore, can be frozen out if others are not using
> Chaumian cash.

I don't see how one bank offering fully anonymous digital cash could be
"frozen out."  Partially untracable cash systems may be much more popular, but
as long as the fully anonymous system receives enough money to stay in
business, there would be little risk of fading away.  A bank offering fully
anonymous digital cash could be used for tax evasion, extortion, and money
laundering.  These crimes usually involve large sums of money, so this would
keep the bank in business.


Mark
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