-----BEGIN PGP SIGNED MESSAGE----- I, Bryce Wilcox <bryce.wilcox@colorado.edu> wrote:

...

I hope I'm not missing anything here.

shamrock@netcom.com (Lucky Green) wrote:

Only that Ecash has no benefits for transactions that are of an illegal nature. The meaning of "illegal" is of course increasing as new laws are passed every session of the legislature.

Chaum says that (especially when speaking before U.S. Congress) but I think he is playing both sides of the fence. He is a die-hard privacy advocate who allegedly turns down lucrative business deals because he feels they would dilute his privacy achievements. The truth is that Chaumian DigiCash is a *lot* safer for criminals than, say, credit cards, and when it is combined with the other tools in a money launderer's toolbox, I expect it will be a great boon to them. Suppose you have acquired a million dollars worth of legal, above-board DigiCash dollars and you want to surreptitiously transfer this wealth to a below-board friend. Your friend creates a temporary anonymous account at an understanding bank. You just use a lot of small denominations to squirt the dollars to your friend's account. Then he squirts them to his real accounts and destroys the blinding factors that the temporary anon account used. Now without active physical surveillance, nobody other than yourself and your friend will ever know where the money went, and you can't prove that you gave it to him, either... I hope no bloodthirsty mob bosses or statist legislators are reading this... Bryce signatures follow:  + public key on keyservers /. island Life in a chaos sea or via finger 0x617c6db9 / bryce.wilcox@colorado.edu ---* -----BEGIN PGP SIGNATURE----- Version: 2.6.2 Comment: Auto-signed with Bryce's Auto-PGP v1.0beta3 iQCVAwUBME0mG/WZSllhfG25AQES6AP9H6wluOOoUKpN92hiVSrwrig4dKoRbPJt d7ROsrQUyx5OXBZXRxyrQvY3z/Qd4ytHXpoKAfpizGwAClqFubZ/OcRxTyiAudgG 0mA+dd9nHYPswAyVFmLk9rqkv3AIO3Ikq8uunh4KkUx72rmZf62G8+N4nkR7TKZP /E+1PDmuPzI= =wvSK -----END PGP SIGNATURE-----