On Tuesday, April 22, 2003, at 05:27 PM, Steve Furlong wrote:
On Tuesday 22 April 2003 17:39, Tyler Durden wrote:
Hum...it'd be interesting to look at securing one of those local time banks with financial cryptography.
But, but, but...that would be tax fraud. You'd be aiding terrorists. And think of the chiiiiildren.
And the nexus of taxation is the actual worker (narced out by others), not the means of settlement. The means of settlement is usually cash, folding money, and is not traceable in any plausible way. The attack on off-the-book/under-the-table business transactions is not the clearing mechanism. After all, cash works perfectly well for clearing under-the-table transactions. What nails under-the-table transactions is (rarely, actually) when someone narcs out a partner as a way of getting a lighter sentence. This will all change if cash is ever outlawed, if the Beast insists that all financial transactions be cleared through one of his compliant banks. This is expected to happen soon enough, by more of us than just Xtian Fundies. --Tim May