On Sun, 1 Jul 2001, Tim May wrote:
Yeah, and if I "claim" that I am "just weeks away" from being ready to release a digital money system, can I expect a raid? Is there no consideration of common sense, or are prosecutors just flunkouts in science who can't separate speech acts from actual violations of the law?
Your point is well taken; however, it is simply pragmatic that when one is mere weeks away from releasing a digital money system, given the current legal environment, one MUST NOT say so. In order to maintain anonymity in the current legal environment, a digital money system will have to be independent of all nation states -- hence, not overtly tied to nor created by any known organization or person. This presents major logistical difficulties for the idea of a "unified" system with a single currency; it becomes very difficult for an issuing authority to "redeem on demand" without becoming known. The difficulties are different for the "every member a mint" model, but by no means less. Bear