17 Dec
2003
17 Dec
'03
6:17 p.m.
Wei Dai writes:
One possible way to get around this is to have ecash issuers pay interest on ecash. However it requires ecash to be timestamped and therefore compromises its untraceability. (Think of the timestamp as a serial number.)
Interest-bearing accounts cannot legally be anonymous--the IRS requires records of interest payments for tax purposes. Even if the e$ issuer is collecting interest on my ecash, I don't care as long as they don't charge me any fees,. As far as I am concerned, if the issuer can make anonymous e$ worth his while to issue, the loss in potential interest income is more than outweighed by the advantages of being able to use such a system. Jonathan Wienke