From: "David K. Merriman" <merriman@arn.net>
Date: Sun, 14 Apr 1996 15:55:28 +0800
To: cypherpunks@toad.com
Subject: Re: Tense visions of future imperfect
Message-ID: <2.2.32.19960413163151.006b743c@arn.net>
MIME-Version: 1.0
Content-Type: text/plain


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At 11:33 PM 04/13/96 EDT, "E. ALLEN SMITH" <EALLENSMITH@ocelot.Rutgers.EDU>
wrote:
>From:	IN%"stewarts@ix.netcom.com"  "Bill Stewart" 11-APR-1996 00:21:15.87
>
>>Personally, I find the idea that the government could hope to track the
>>economy so closely as to notice a $10M/year addition to the money supply to
>>be disturbing (though it was done in a science fiction story about
>>20 years ago :-)  With digital cash, it's also unrealistic - we
>>finally have a technology for moving money around _without_
>>them being able to track it all, if we want to deploy it.
>
>	One related question is if the government would notice an underground
>fully anonymous digital cash setup - transactions disappearing from their
>"radar screen."

I wouldn't expect Gov't to notice any individual transaction, of course, but
doubtless they would eventually notice that the expected amounts of money
weren't where anticipated. At that point, I suspect things would get
"interesting" (moreso than now :-) regarding currency tracing.

Dave Merriman

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-------------------------------------------------------------
"Giving money and power to government is like giving 
whiskey and car keys to teenage boys."
                    P. J. O'Rourke (b. 1947), U.S. journalist.
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