[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
Re: dbts: The Economic Cause of Privacy
At 7:25 AM -0500 10/22/98, Anonymous wrote:
>>Remember, the reason we have no financial privacy these days is because we
>>have book-entry settlement, which relies on biometric identity, known
>>location, and the force of a nation state as the ultimate "error-handler" to
>>prevent repudiation in the transaction protocol.
>Yes, and cars break down because there are service shops.
>There is no financial privacy because because those who would like such thing
>have less power (hired guns) than those who would not like it. And those with
>controlling interests in modern societies do not like it because control would
>be lost, and population harvesting (aka taxing) would have to be radically
>changed, and that is expensive. The system is self-supporting.
>Idea that somehow smart algorithms will bring financial privacy is a good
>point for cryptoaddict's wet dream, but in reality has the same chance of
>success as survival rate of armed citizens against the government. Zero.
The french Revolution
The "Revolutionary War"
Several Countries in Eastern Europe.
>Use of government-controlled, issued and supervised payment
>is in place because it is proscribed, not because "money/checks, etc. exist".
Prescribed. Proscribed means outlawed.
>Therefore constructing computer-assisted anon payment schemes "because it is
>cheaper that way" is pointless. Money is not there to make your life easier.
>Money exists so that you can be taxed and conditioned to desired behaviour at
Money exists because it is easier to carry paper and coins than to
carry chickens. Taxes can occur without money.
"To sum up: The entire structure of antitrust statutes in this country is a
jumble of economic irrationality and ignorance. It is a product: (a) of a
gross misinterpretation of history, and (b) of rather na´ve, and certainly
unrealistic, economic theories." Alan Greenspan, "Anti-trust"
Petro::E-Commerce Adminstrator::Playboy Ent. Inc.::[email protected]