CDR: Re: Authenticate the "adult field", go to jail...

[R. A. Hettinga]

At 7:27 PM -0500 on 11/29/00, Steven Furlong wrote:


> Not a good comparison. The nation-states which issue the currency are
> also the nation-states which make the laws and have (or attempt to have)
> a monopoly on guns.

:-).

> How well are or were private currencies insulated from legal action?
> Say, in 19th-century United States?

Indeed.

We'll just have to see, I suppose. For IBUC so far I've met much more
regulatory enthusiasm for lower transaction cost than I have resistance to
potential anonymity.

As I'm fond of saying, reality, especially economic reality, is not optional.

Cheers,
RAH
-- 
-----------------
R. A. Hettinga <mailto: rah at ibuc.com>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'