On Tue, 12 Nov 2002, Nomen Nescio wrote: > According to this link, > http://www.infoanarchy.org/?op=displaystory;sid=2002/11/11/4183/2039, > a new form of digital cash called "yodels" is being offered anonymously: > [...] > Supposedly, then, this is cash which can be transferred anonymously via > IIP or Freenet. Leaving aside the question of trusting an anonymous bank > (trust takes time), the sticking point for ecash is how to transfer > between yodels and other currencies. Without transferability, what > gives yodels their value?
I believe that the Yodel bank does not have its own currency, but uses DMT Rands. DMT Rands are alleged to be backed by a basket of gold plus a few fiat currencies issued by nation states. See http://www.orlingrabbe.com/rand.htm for information about the currency, and http://www.orlingrabbe.com/dmt_guide.htm for information about the DMT system and its companions ALTA and LESE. --apb (Alan Barrett)
