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1996-12-30 - Re: Untraceable Payments, Extortion, and Other Bad Things

Header Data

From: “Mark M.” <markm@voicenet.com>
To: cypherpunks@toad.com
Message Hash: 949611c4f35f4c4d1823e08f7d700ff7fbaa02e7e1832250f90f664231b0d15c
Message ID: <Pine.LNX.3.95.961230155156.983B-100000@eclipse.voicenet.com>
Reply To: <Pine.LNX.3.95.961230105436.594A-100000@jolietjake.com>
UTC Datetime: 1996-12-30 20:55:21 UTC
Raw Date: Mon, 30 Dec 1996 12:55:21 -0800 (PST)

Raw message

From: "Mark M." <markm@voicenet.com>
Date: Mon, 30 Dec 1996 12:55:21 -0800 (PST)
To: cypherpunks@toad.com
Subject: Re: Untraceable Payments, Extortion, and Other Bad Things
In-Reply-To: <Pine.LNX.3.95.961230105436.594A-100000@jolietjake.com>
Message-ID: <Pine.LNX.3.95.961230155156.983B-100000@eclipse.voicenet.com>
MIME-Version: 1.0
Content-Type: text/plain


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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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