To: cypherpunks@toad.com SS> The important issue for Cypherpunks is how we should respond to this SS> seemingly inevitable increased mobility of capital. Does it pose a SS> threat to privacy? I'd say that those moving the money around the world would be deeply interested in privacy - their own. Not necessarily for nefarious reasons, but to protect the competition from knowing what they are doing. A 800-pound gorilla like the Fidelity Magellan Fund takes elaborate precautions to not alert the market as to what they are buying and selling. Thus, I assume, they deeply value their own privacy. Will the capital moving about the world be hostile to cypherpunks et al? I doubt it. Instead, they'll probably cherry-pick the best of crypto technology and use it for themselves. Besides, big money generally isn't thrilled by governments and usually views national boundaries as an annoyance, a view shared by many on the Net. * RM 1.4 B0037 *