At 4:00 PM -0400 4/22/04, Pete Capelli wrote:
But the goal isn't to ban it; just marginalize it enough to be able to tar it as a terrorist action.
True, there is no worldwide ban on finance. But there is the delightful 'know your customer' law.
That's just a monster in the closet. Fact is, the more people are able to hack insecure networks, the stronger the crypto gets. At some point, we converge to instantaneous transactions, and that means stuff like blind signatures. Anything else costs too much. When we're at bearer transactions, we don't have audit trails anymore... Right? :-) Cheers, RAH -- ----------------- R. A. Hettinga <mailto: rah@ibuc.com> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'