From: Tim May <tcmay@got.net>
Date: Thu, 24 Jul 1997 03:28:42 +0800
To: cypherpunks@cyberpass.net
Subject: Re: Free Money
In-Reply-To: <19970723184547.28534.qmail@zipcon.net>
Message-ID: <v03102805affc0820bae3@[207.167.93.63]>
MIME-Version: 1.0
Content-Type: text/plain



At 11:45 AM -0700 7/23/97, Mike Duvos wrote:
>In response to outside pressure, Swiss bankers have abandoned their
>traditional secrecy laws and published a list of all bank accounts opened
>by non-Swiss citizens prior to May 9th, 1945, the end of World War II.
>
>This list and instructions for claiming your share of the millions
>of dollars offered may be found at...
>
>           http://www.dormantaccounts.ch/
>

This again shows the importance of _technological_ solutions to privacy and
secrecy concerns over _custom_ or _law_ solutions.

And we can expect this example of Nazi accounts for gold stolen from Jews
and others to be used in the propaganda campaign against untraceable money
and secure banking. "Digital cash would make restitution impossible for the
Jews!" Of course, had the Jews had secure, untraceable assets in the 1930s,
instead of lots of gold coins and jewelry to store their wealth, Hitler
would have had a lot harder time seizing the assets. Details, details.

(Not to mention the seizure of American gold by Reichsfuhrer Roosevelt in
1933.)

Fact is, governments around the world want control of the assets of their
subjects, for taxation, for seizure, and for general control. Anything that
allows citizen units to have assets unreachable by the thugs in power is a
danger to them.

--Tim May

There's something wrong when I'm a felon under an increasing number of laws.
Only one response to the key grabbers is warranted: "Death to Tyrants!"
---------:---------:---------:---------:---------:---------:---------:----
Timothy C. May              | Crypto Anarchy: encryption, digital money,
tcmay@got.net  408-728-0152 | anonymous networks, digital pseudonyms, zero
W.A.S.T.E.: Corralitos, CA  | knowledge, reputations, information markets,
Higher Power: 2^1398269     | black markets, collapse of governments.
"National borders aren't even speed bumps on the information superhighway."