| home | help | back | first | fref | pref | prev | next | nref | lref | last | post |
Message-Id: <v03130303b3fdd185031c@[207.111.241.66]> In-Reply-To: <199909092056.VAA22343@server.cypherspace.org> Mime-Version: 1.0 Content-Type: text/plain; charset="us-ascii" Date: Thu, 9 Sep 1999 14:24:24 -0700 To: Adam Back <adam@cypherspace.org> From: Tim May <tcmay@got.net> Cc: cypherpunks@cyberpass.net Reply-To: Tim May <tcmay@got.net> I'm glad Adam is commenting on this thread. I don't worry overmuch if my stuff doesn't get commented upon these days...the list is, after all, a lot different than it was several years ago. But I thought this "go black" theme was more in keeping with the themes of yesteryear, of Cyphepunks solutions. Very few comments on it, not surprisingly. After all, there are more important things to discuss, like something called a "PECSEC report" (or somesuch), and retreads of the RNG threads. (Rethreads?) At 1:56 PM -0700 1999-09-09, Adam Back wrote: >(btw. I do reckon there is a future for porn sites -- these people >must make money, a few months ago in there UK was a report of someone >who was put out of business who was taking 1.5 million pounds / year >(~2.5 million US$) selling porn access. Was charging 60,000 users 25 >a year each or something like that if I recall.) Porn sites do have a future. I didn't mean to suggest otherwise. And the recent account of the Boston area comments by Andrew Odzylko on why digital cash is still not here are instructive. (That was another post, the report by Howie Goodell, that should have gotten more discussion.) In a nutshell, as I don't have time to write a long essay, digital cash is useful for its _untraceability_. Not for convenience. Expecting it to hit big for conventional uses is bullshit. (And I've been saying this since about 1988, including in nearly all of my words on digital cash here since 1992. Etc.) Recently there was a "hoax auction" on EBay. Someone offered a kidney for auction. Supposedly the high bid--though this was likely a hoax as well, or at least an unsubstantiated (e.g., by escrow of funds) bid--was $6 million. EBay cancelled the item and made various apologies, blah blah blah. Well, why not a _real_ auction of such body parts? The demand is clearly there (42,000 await kidneys in the U.S. alone, with a long, long waiting list). The market is not liquid, as bidding for, or even paying for, kidneys is not allowed under U.S. law. (The actual transplant of a kidney would of course happen in the aptly named meatspace, and so this would seem to break the untraceability. Certainly stings could be set up. However, with care, the issues are separable. The sellers and buyers could be instructed to meet at an airfield in some Third World country, checked thoroughly for bugs, then flown to a clinic, blah blah. Any spy thriller novelist knows how to construct the protocol. The really hard part is matching the buyers and sellers on a list without the list operators being busted for dealing in organs, under the laws of most countries. This is where BlackNet types of markets excel.) Anyway, this is all covered in, for example, the Cyphernomicon. Black markets in body parts. Black markets in all sorts of interesting information--military secrets, snuff films, surveillance tapes, and so on. Plus stuff we consider OK but which Saudi Arabia, or the Vatican, or Germany might not. Birth control information, Holocaust denial literature, etc. To cut to the chase, untraceable digital cash (bidirectionally untraceable, for obvious reasons) will likely become worth the effort when it can be used for buying black market or contraband items, for laundering certain winnings in casinos, for hiding assets, and so on. An enterprising person out there might be thinking in terms of creating an EBay for black market items. --Tim May Y2K: It's not the odds, it's the stakes. ---------:---------:---------:---------:---------:---------:---------:---- Timothy C. May | Crypto Anarchy: encryption, digital money, ComSec 3DES: 831-728-0152 | anonymous networks, digital pseudonyms, zero W.A.S.T.E.: Corralitos, CA | knowledge, reputations, information markets, "Cyphernomicon" | black markets, collapse of governments.
| home | help | back | first | fref | pref | prev | next | nref | lref | last | post |