Yodel is to a large degree pseudonymous. We can hold pseudonymous people accountable to a degree. But as I have explained in my other email, the traditional model of banking is _not the only way to do it_. A distributed model can work well enough - even without coinage, virtual or otherwise.
On Thu, Oct 13, 2005 at 07:01:21AM +0000, Polecat wrote: > -----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 -- Matthew J Toseland - [EMAIL PROTECTED] Freenet Project Official Codemonkey - http://freenetproject.org/ ICTHUS - Nothing is impossible. Our Boss says so.
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