[gsc] they're after the gold

[Tyler Durden]

"Tim May was right"

Did anybody ever really doubt that? Well, about the crypto at least...


-TD


>From: "R.A. Hettinga" <rah at shipwright.com>
>To: "Tyler Durden" <camera_lumina at hotmail.com>, 
>clips at philodox.com,cypherpunks at jfet.org
>Subject: RE: [gsc] they're after the gold
>Date: Sat, 5 May 2007 11:05:53 -0400
>
>At 3:54 AM -0400 5/5/07, Tyler Durden wrote:
> >Hopefully they read Neal Stephenson's Cryptonomicon and stashed big 
>chunks
> >of that gold overseas.
>
>It's *all* overseas, "protected" by a giant clusterfuck of trusts,
>corporations, lapsed and not, in various "friendly" jurisdictions all over
>the place. The gold itself is sitting in the usual gold depositories in
>London, and, I think, Dubai, and so on.
>
>Obviously, when it comes to Uncle, it don't matter a whit where the stuff
>they want is, if you're a US citizen, what's theirs is theirs and what's
>yours is negotiable. The IRS owns more than a few taxpayers' ex-villas in
>the sunshine around the world, for instance.
>
>More to the point, the database servers, and the officers, and the owners,
>of E-Gold are all in Melbourne, Florida. Game over.
>
>
>Eric Hughes' fantasy of "regulatory arbitrage" was always that, a fantasy.
>The law *anywhere* can change at the drop of a hat, and, ultimately, the
>law is what the guys with guns say the law is. You can run, but you can't
>hide, and, usually, you can't run either.
>
>
>Tim May was right. Cryptography, not the law, is how to ultimately protect
>financial assets from nation-states, no matter how benevolent they say they
>are, or capricious they may be in fact.
>
>And, like I've always said, financial crypto is the only crypto that 
>matters.
>
>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'

_________________________________________________________________
Need a break? Find your escape route with Live Search Maps. 
http://maps.live.com/default.aspx?ss=Restaurants~Hotels~Amusement%20Park&cp=33.832922~-117.915659&style=r&lvl=13&tilt=-90&dir=0&alt=-1000&scene=1118863&encType=1&FORM=MGAC01