From: Black Unicorn <unicorn@schloss.li>
Date: Wed, 11 Dec 1996 15:10:45 -0800 (PST)
To: cypherpunks <cypherpunks@toad.com>
Subject: Re: Redlining
In-Reply-To: <199612102104.NAA32212@mailmasher.com>
Message-ID: <Pine.SUN.3.94.961211180751.15195H-100000@polaris>
MIME-Version: 1.0
Content-Type: text/plain


On Tue, 10 Dec 1996, Huge Cajones Remailer wrote:

> >On Tue, 10 Dec 1996, Huge Cajones Remailer wrote:
> >> I believe that ten, or a hundred, or a thousand people should be able
> >> to pool their money and lend it to whomever they please for whatever
> >> reason they like.
> >> 
> >> That, essentially, is what a bank is.  I do not believe the government
> >> should dictate which people you, or your bank, are allowed to lend to.
> >
> >Create a bank where the identity of the customers are unknown and you
> >solve the redlining problem.
> 
> I can imagine a bank whose depositors are not known.  I can also
> imagine a bank which itself operates anonymously.
> 
> How would people borrow money against real estate and remain
> anonymous?  It seems to me that the borrower cannot do so if the real
> estate will act as collateral.

What is to stop deeds from being issued in digital bearer certificates?

> Also, how would an anonymous bank foreclose on a mortgage?

A revocation of the certificate, of course.

Really, you must get a bit more creative.

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