ALTA/DMT privacy

James A. Donald jamesd at echeque.com
Fri Dec 12 17:59:00 PST 2003


    --
James A. Donald:
> > Every atom of gold is identical to every other atom of
> > gold. There is only one stable isotope.
> >
> > E-gold does not provide untraceability -- but gold does.

Tim May:
> Where tax authorities get people is in the transfer _in to_
> and _out of_ certain kinds of accounts, be they Cayman Island
> or Swiss bank accounts, whatever. The issue with opening a
> Swiss bank account and wiring money into it, or depositing
> Federal Reserve Notes into it has NOTHING to do with FRNs
> having serial numbers and hence being traceable. The issue is
> with their own reporting to the IRS (these days) and to stops
> in place to stop the wiring of said money or the transport of
> said FRNs.

The fact that you need a lot of ID to open a swiss bank
account, and very little ID to open a pecunix account
ultimately has everything to do with transport of FRNs

> What *form* the "item of value" is inside the bank, be it
> gold bars or Spanish doubloons or stacks of $20 bills or
> diamonds, is unimportant.

Bank accounts have value because this stuff gets moved between
the outside and the the inside of the bank.  When it gets moved
between inside and outside, the form matters.

> In fact, for all intents and purposes the "item of value"
> inside the bank can be marks in a ledger book, which is
> effectively the situation today.

And the ultimate holder of those marks is the federal reserve
-- whereupon you are screwed.

Reality is that you can do stuff with a gold demoninated
account that you cannot do with a federal reserve dollar
demoninated account, and you really should ask yourself:  Why
is it so?

Indeed, you can do stuff with an australian dollar demoninated
account that you cannot do with a federal reserve dollar
demoninated account, which may explain why so many internet
gold currency dealers are located in Australia.

> That some of the gold fetishists here keep perpetuating this
> deep misunderstanding of the issues is...unsurprising.

Reality is that gold denominated accounts are different.
Observe this difference, then ask yourself why is it so.

    --digsig
         James A. Donald
     6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG
     dgc/6bEVNysFdnfP7WNdUlY88c0N8EW4FpSJGCgs
     4UbJQQDrpPXxtyBvHRcTPi2GBXEeVul6XkRQScePv





More information about the cypherpunks-legacy mailing list