[47452] in Cypherpunks
Re: underground digital economy
daemon@ATHENA.MIT.EDU (Jim Miller)
Wed Jan 17 23:45:28 1996
From: jim@bilbo.suite.com (Jim Miller)
Date: Wed, 17 Jan 96 22:27:51 -0600
To: a-kurtb@microsoft.com
Cc: cypherpunks@toad.com, Jim_Miller@bilbo.suite.com
Reply-To: Jim_Miller@bilbo.suite.com
> Certainly. There are a couple of ways, but all one needs is
> some sort of gateway to an e-cash
>
This is the part that bothers me. Wouldn't a gateway between anonymous
e-money and identified e-money would stick out like a sore thumb to
agencies tracking the flow of identified e-money? Wouldn't identified
e-money trails start and/or terminate at the gateway? Once the gateway is
discovered, all clients on the identified e-money side of the gateway
would be discovered.
I think the gateway could only succeed if there was a way to perform the
conversion anonymously. But how do you anonymously generate/propagate
identified e-money?
There is probably an obvious solution, but I'm not devious enough to see
it. One unstated assumption I have that may be confounding me is that I
assume the identified e-money system will completely replace paper money,
which will then be "discontinued".
Jim_Miller@suite.com
