--
On 14 May 2002 at 21:00, Adam Back wrote:
I've also moved more than 2,000 GBP that between bank accounts
and investment accounts in the past -- withdraw from current
account 10,000 GBP, walk across the street and pay into another
institutions investment account and the money is
--
Richard Fiero:
As the article excerpted below states, in 2001 there was
about $620 billion dollars in US currency out there
somewhere and 65% was in $100 dollar bills.
James A. Donald:
Presumably most of those $100 bills are changing hands in
suitcases and brown paper
--
Richard Fiero:
As the article excerpted below states, in 2001 there was
about $620 billion dollars in US currency out there
somewhere and 65% was in $100 dollar bills.
James A. Donald:
Presumably most of those $100 bills are changing hands in
suitcases and brown paper
R. A. Hettinga wrote:
. . .
Right, though I'm sure you're wishing it wasn't. Again, crime,
illegal markets if you will are piddly bits of pocket fluff in the
global economy. $4 trillion worth of foreign exchange alone happened
today. Criminal activity is in the tens of billions, max, a year.
.
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At 9:30 PM -0700 on 5/13/02, [EMAIL PROTECTED] wrote:
Seems to me that most of our economy is arguably illegal.
Fine. Document that, please. Show me statistics. Extraordinary claims
require extraordinary proof, right?
$4 trillion worth of foreign exchange
--
On 13 May 2002 at 22:34, Richard Fiero wrote:
As the article excerpted below states, in 2001 there was about
$620 billion dollars in US currency out there somewhere and 65%
was in $100 dollar bills.
Presumably most of those $100 bills are changing hands in
suitcases and brown paper
--
James A. Donald:
Seems to me that most of our economy is arguably illegal.
R. A. Hettinga
Fine. Document that, pease. Show me statistics.
Obviously that is a claim that cannot be directly documented,
since most people decline to register their business with the
department of census
[EMAIL PROTECTED] wrote:
--
On 13 May 2002 at 22:34, Richard Fiero wrote:
As the article excerpted below states, in 2001 there was about
$620 billion dollars in US currency out there somewhere and 65%
was in $100 dollar bills.
Presumably most of those $100 bills are changing hands in
-BEGIN PGP SIGNED MESSAGE-
At 10:34 PM -0700 on 5/13/02, Richard Fiero wrote:
Um, that $4 trillion didn't move around in trucks speeding on
highways. It's just a bunch of marks on hard drives and very
little money actually changed owners. Already electronic.
Already secure.
Or my favorite 1000 swiss franc notes currently worth about $618
each.
DCF
Neat! I need to get out more. A thin sheaf of those would add
considerable spice to the old slip the envelope out of the inside
breast pocket of your suit coat transactions.
-- Daniel J. Boone
R. A. Hettinga e-said:
Compared, again, to, regulated,
monitored, bank-to-bank foreign exchange of several *trillion*
dollars a *day*, it's chicken feed.
On Bob's list, yesterday:
About $1.2
trillion in currencies is traded daily, according to the Bank for
International Settlements.
You can apparently get Canadian $1,000 notes too, not that I've ever
seen one. That would be worth almost exactly the same as 1000 swiss
francs.
If you get a bundle of 50 GBP notes from a bank in the UK they put
them in a little sealed bag containing 10 notes (500 pounds). That
note collection
At 10:26 AM +0200 on 5/14/02, David G.W. Birch wrote:
Compared, again, to, regulated,
monitored, bank-to-bank foreign exchange of several *trillion*
dollars a *day*, it's chicken feed.
On Bob's list, yesterday:
About $1.2
trillion in currencies is traded daily, according to the Bank for
-BEGIN PGP SIGNED MESSAGE-
At 9:30 PM -0700 on 5/13/02, [EMAIL PROTECTED] wrote:
Seems to me that most of our economy is arguably illegal.
Fine. Document that, please. Show me statistics. Extraordinary claims
require extraordinary proof, right?
$4 trillion worth of foreign exchange
-BEGIN PGP SIGNED MESSAGE-
At 10:34 PM -0700 on 5/13/02, Richard Fiero wrote:
Um, that $4 trillion didn't move around in trucks speeding on
highways. It's just a bunch of marks on hard drives and very
little money actually changed owners. Already electronic.
Already secure.
--
On 13 May 2002 at 22:34, Richard Fiero wrote:
As the article excerpted below states, in 2001 there was about
$620 billion dollars in US currency out there somewhere and 65%
was in $100 dollar bills.
Presumably most of those $100 bills are changing hands in
suitcases and brown paper
--
James A. Donald:
Seems to me that most of our economy is arguably illegal.
R. A. Hettinga
Fine. Document that, pease. Show me statistics.
Obviously that is a claim that cannot be directly documented,
since most people decline to register their business with the
department of census
R. A. Hettinga e-said:
Compared, again, to, regulated,
monitored, bank-to-bank foreign exchange of several *trillion*
dollars a *day*, it's chicken feed.
On Bob's list, yesterday:
About $1.2
trillion in currencies is traded daily, according to the Bank for
International Settlements.
-BEGIN PGP SIGNED MESSAGE-
At 1:20 PM -0700 on 5/13/02, Morlock Elloi wrote:
Go after those who already _know_ they need untraceability. Go
after niches where VALUE COST. Don't try to argue that the
world needs to replace its multi-billion dollar infrastructure of
The question
On Mon, May 13, 2002 at 01:20:35PM -0700, Morlock Elloi wrote:
Go after those who already _know_ they need untraceability. Go after
niches where VALUE COST. Don't try to argue that the world needs to
replace its multi-billion dollar infrastructure of
The question is - are there
--
On 13 May 2002 at 13:20, Morlock Elloi wrote:
Classic cypherpunk pipe dream is a dot-com syndrome - very low
cost software/devices - billions will use it - we'll (get rich
laid | save the world).
The only other feature of untraceable money which may get larger
market attention -
--
On 13 May 2002 at 18:27, R. A. Hettinga wrote:
And, thus, nobody will ever use the stuff. The market for
criminal behavior is trivial. Puny. Nonexistent, and getting
smaller all the time, no matter what political crises we face,
or, paradoxically, how much our nation-states write more
Go after those who already _know_ they need untraceability. Go after
niches where VALUE COST. Don't try to argue that the world needs to
replace its multi-billion dollar infrastructure of
The question is - are there enough of these to justify development. Or maybe
they all already have
-BEGIN PGP SIGNED MESSAGE-
At 1:20 PM -0700 on 5/13/02, Morlock Elloi wrote:
Go after those who already _know_ they need untraceability. Go
after niches where VALUE COST. Don't try to argue that the
world needs to replace its multi-billion dollar infrastructure of
The question
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