In message <9408091402.AA23089@snark.imsi.com> perry@imsi.com writes:
point. The US government does not object to the use of financial instruments so long as they are backed by the US $ (or another accepted currency).
Yes it does. Bearer bonds are illegal in the US.
Perhaps my use of terms was insufficiently precise. Bearer bonds do not actually represent money in the same sense that a check does. Their value [usually] fluctuates. They are a different kind of financial instrument.
Most of us use such financial instruments daily -- checks and credit cards, for examples. Most financial transactions involve no cash at all.
The point is that anonymous transactions are coming under increasing regulation. Commercial paper and the like is not a problem.
Hmmm. Neither of the types of financial transactions that I listed is anonymous. If A writes a check to 'cash', pays B with it, and B passes it on to C, and so forth, are you saying that this is or will one day be illegal? -- Jim Dixon