Re: e$ seigniorage (and is this the cost of untracability?)
Wei Dai writes:
One possible way to get around this is to have ecash issuers pay interest on ecash. However it requires ecash to be timestamped and therefore compromises its untraceability. (Think of the timestamp as a serial number.)
Interest-bearing accounts cannot legally be anonymous--the IRS requires records of interest payments for tax purposes. Even if the e$ issuer is collecting interest on my ecash, I don't care as long as they don't charge me any fees,. As far as I am concerned, if the issuer can make anonymous e$ worth his while to issue, the loss in potential interest income is more than outweighed by the advantages of being able to use such a system. Jonathan Wienke
Jonathan: On Sun, 7 Apr 1996 JonWienke@aol.com wrote:
Interest-bearing accounts cannot legally be anonymous--the IRS requires
To quote TCMay: National boundaries aren't even speedbumps on the information highway. Who says the e$ has to be based in the US? Andorra, Liechenstein, San Marino, St Pierre, all come to mind as countries to investigate, because they are outside of the United States. << Has St Pierre joined NAFTA? If so, that rules them out. >> xan jonathon grafolog@netcom.com ********************************************************************** * * * Opinions expressed don't necessarily reflect my own views. * * * * There is no way that they can be construed to represent * * any organization's views. * * * ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ * ftp://ftp.netcom.com/pub/gr/graphology/home.html * * * ***********************************************************************
On Sun, 7 Apr 1996, Jonathon Blake wrote:
Andorra, Liechenstein, San Marino, St Pierre, all come to mind as countries to investigate, because they are outside of the United States. << Has St Pierre joined NAFTA? If so, that rules them out. >>
St.Pierre is an island off of the coast of Canada that belongs to France. It cannot join NAFTA (yet <G>) Tim Philp =================================== For PGP Public Key, Send E-mail to: pgp-public-keys@swissnet.ai.mit.edu In Subject line type: GET PHILP ===================================
participants (3)
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Jonathon Blake -
JonWienke＠aol.com -
Tim Philp