I have an idea of how ambitious cypherpunks could make money. They could be communications intermediaries between financial clients in the U.S. & financial institutions in locations such as the Bahamas & Switzerland. This would require a cypherpunk in the U.S. & another cypherpunk in the foreign country. From now on in text cypherpunk = CP. The U.S. CP would get message from client & then use the internet with anonymous remailers & strong encryption to send message to CP in foreign country. CP in foreign country then decrypts message & gives it to local financial institution. Financial institution gives message to foreign CP who then encrypts & uses anonymous remailers to send info. back to U.S. CP. U.S. CP decrypts & gives info to client. In this way, encryption naive client could have access to great financial privacy & CPs get money. At this point, I think everybody gets the basic idea. CPs would have initial problem getting clients. To do this they would need to hook up with a financially sophisticated partner. That shouldn't be too hard. College friends in finance, local CPA's you've dealt with,th, lawyers, etc.. CPs would probably be the rare & precious birds. Once the CP has his financial contact, that financial contact can develop the clients. In the foreign country, the CP shouldn't have much of a problem getting a financial partner/advisor & could probably operate with neon lights. In the land of the free (the U.S.), I would advise discretion. This business should not take a lot of capital. CPs would bring the rare communications technical expertise & the financial expertise should be plentiful. There is a possibility of harassment, so the CP's should have courage. By the way, there was someone on CYPERPUNKS that was offering a percentage of the profits for great financial ideas. I would like to volunteer this idea. It might not meet all the specifications, but then someone might like to change specifications & accept this idea. This idea may be half baked. In which case, I leave it to my fellow cypherpunk geniuses associates to fully bake it. Good luck - Gary Jeffers GO TEAM GO! - GO TEAM GO! PUSH EM BACK! - PUSH EM BACK! WAAYY BACK! BEAT STATE! - BEAT STATE!
Gary Jeffers writes:
I have an idea of how ambitious cypherpunks could make money. They could be communications intermediaries between financial clients in the U.S. & financial institutions in locations such as the Bahamas & Switzerland.
This would require a cypherpunk in the U.S. & another cypherpunk in the foreign country. From now on in text cypherpunk = CP. The U.S. CP would get message from client & then use the internet with anonymous remailers & strong encryption to send message to CP in foreign country. CP in foreign country then decrypts message & gives it to local financial institution. Financial institution
This is a really neato idea! In fact, here's a way to make even more money this way (sung to the tune of "Mo Money, Mo Money, Mo Money"): - set yourself as this "crypto intermediary" - take the plaintext offered by your tax-evading clients, do the encryption, etc., etc. - after several million buck's worth of transactions have flowed through your system, go to the Internal Revenue Service and report that you are "shocked, simply shocked" at what appears to you to be a violation of U.S. tax laws - be sure to demand your 25% fee--25% or more of the amount the IRS ultimately collects goes to the whistleblower. I cite this not as a flame against Gary (nothing wrong with speculation) but as a cautionary note against trusting others to act as your "agents." There may be a role for discreet (and discrete, too) financial advisors, and some may be involved in money laundering and tax evasion--after all, it happens all around us. But they are also weak links and can turn in their clients for finder's fees and in cutting their own deals with the Feds to avoid jail time. I don't expect too many Cypherpunks will be able to find clients this way. --Tim May -- .......................................................................... Timothy C. May | Crypto Anarchy: encryption, digital money, tcmay@netcom.com | anonymous networks, digital pseudonyms, zero 408-688-5409 | knowledge, reputations, information markets, W.A.S.T.E.: Aptos, CA | black markets, collapse of governments. Higher Power:2**859433 | Public Key: PGP and MailSafe available.
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Gary Jeffers -
tcmay@netcom.com