-----BEGIN PGP SIGNED MESSAGE----- In article <199510260424.OAA12383@sweeney.cs.monash.edu.au>, jirib@sweeney.cs.monash.edu.au (Jiri Baum) wrote:
What you'd really want is for Alice to pay for the new coins in ecash.
Right.
I'm wondering whether a "coin-changer" would be easier or harder to set up than a "bank" (from regulatory point of view).
I don't think it would be any easier to set up. Harder perhaps, since its sole purpose is money laundring. However, if there are several Ecash currencies there is a legitimate need for Ecash currency arbitration. Who is to stop the following protocol? US Ecash -> Swedish Ecash Swedish Ecash -> US Ecash The resulting coins are no longer traceable unless the repayer cooperates. The repayer (or in this case currency arbitrator) keeps of course a percentage at each transaction. No different than a Casa de Cambio. It can be set up anywhere and even be done anonymously. I am working on an implementation. - --- [This message has been signed by an auto-signing service. A valid signature means only that it has been received at the address corresponding to the signature and forwarded.] -----BEGIN PGP SIGNATURE----- Version: 2.6.2 Comment: Gratis auto-signing service iQBFAwUBMJENOCoZzwIn1bdtAQETtQGA1c2lAxu2HcrudvQ7OgIrJptiDBueqVM5 uYIuB4n0fNzv6kdh+LYqctKj2BzOlE22 =a7mC -----END PGP SIGNATURE-----