Gary Jeffers writes:
I have an idea of how ambitious cypherpunks could make money. They could be communications intermediaries between financial clients in the U.S. & financial institutions in locations such as the Bahamas & Switzerland.
This would require a cypherpunk in the U.S. & another cypherpunk in the foreign country. From now on in text cypherpunk = CP. The U.S. CP would get message from client & then use the internet with anonymous remailers & strong encryption to send message to CP in foreign country. CP in foreign country then decrypts message & gives it to local financial institution. Financial institution
This is a really neato idea! In fact, here's a way to make even more money this way (sung to the tune of "Mo Money, Mo Money, Mo Money"): - set yourself as this "crypto intermediary" - take the plaintext offered by your tax-evading clients, do the encryption, etc., etc. - after several million buck's worth of transactions have flowed through your system, go to the Internal Revenue Service and report that you are "shocked, simply shocked" at what appears to you to be a violation of U.S. tax laws - be sure to demand your 25% fee--25% or more of the amount the IRS ultimately collects goes to the whistleblower. I cite this not as a flame against Gary (nothing wrong with speculation) but as a cautionary note against trusting others to act as your "agents." There may be a role for discreet (and discrete, too) financial advisors, and some may be involved in money laundering and tax evasion--after all, it happens all around us. But they are also weak links and can turn in their clients for finder's fees and in cutting their own deals with the Feds to avoid jail time. I don't expect too many Cypherpunks will be able to find clients this way. --Tim May -- .......................................................................... Timothy C. May | Crypto Anarchy: encryption, digital money, tcmay@netcom.com | anonymous networks, digital pseudonyms, zero 408-688-5409 | knowledge, reputations, information markets, W.A.S.T.E.: Aptos, CA | black markets, collapse of governments. Higher Power:2**859433 | Public Key: PGP and MailSafe available.