From: hughes@ah.com (Eric Hughes)
Date: Tue, 19 Apr 94 13:59:15 PDT
To: cypherpunks@toad.com
Subject: CRYPTO: Money laundering and traceability
In-Reply-To: <199404192017.NAA23184@jobe.shell.portal.com>
Message-ID: <9404192051.AA04015@ah.com>
MIME-Version: 1.0
Content-Type: text/plain


>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