-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Both parties can't be simultaneously anonymous.
Consider that Yodel bank has an IP address, founders, maintainers, administrators, controllers. All of these people can be found with minimal effort from the state, even in our current governments. Yodel, and other "anonymous" banks, have the weakness that the bank itself is not anonymous. It can't be anonymous. If it were anonymous, you would send your money to it, and then it would evaporate and you'd never see your money again. Accountability, anonymity, they don't mix. Now, that doesn't rule out an anonymous bank. It is technically possible to have an anonymous bank. In fact to a degree, most paper currency is an anonymous bank. But even bills have serial numbers, and the problem with Yodel and such is, once they started succeeding, to protect their interests the corporates would require under pain of law that the bank, and all banks, keep track of their money. So, what if someone uses a Yodel account /as/ a bank? Well that doesn't work either, because if Yodel gets wind that Yodel2 is not keeping records, serial numbers, etc, then Yodel2's account will be frozen under pain of law, because the original Yodel will be forced to do so by the authorities. It's a chicken and egg problem. Supposing two anonymous people want to transact. One has a transmittable product. The other has anonymous e-cash. Who sends their end of the bargain first? That's why we cannot hold anonymous people accountable, and therefore cannot participate in transactions of money. - -- polecat - get in touch with your primal ferret pgp key at http://polecat.i2p/polecat.asc -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.1 (GNU/Linux) iD8DBQFDTf7T9lD1iiB3dSsRAimbAKCheFD/GyPnsSmzIfEEHgP7voY20QCeJzOi 9i8Ycjc+lQbVTFW8diVqF2s= =OVY9 -----END PGP SIGNATURE----- _______________________________________________ i2p mailing list [EMAIL PROTECTED] http://dev.i2p.net/mailman/listinfo/i2p _______________________________________________ chat mailing list chat@freenetproject.org Archived: http://news.gmane.org/gmane.network.freenet.general Unsubscribe at http://emu.freenetproject.org/cgi-bin/mailman/listinfo/chat Or mailto:[EMAIL PROTECTED]
