At 10:27 PM 1/17/96 -0600, Jim Miller wrote:

This is the part that bothers me. Wouldn't a gateway between anonymous e-money and identified e-money would stick out like a sore thumb to agencies tracking the flow of identified e-money? Wouldn't identified e-money trails start and/or terminate at the gateway? Once the gateway is discovered, all clients on the identified e-money side of the gateway would be discovered.

But those clients could be shell companies given to the "real" users. As long as one has a continuing opportunity for anonymous *spending* you can transfer the value of the underground e-cash into useful goods and services. DCF