NODE dac7984bRe: e$ seigniorage (and is this the cost of untracability?)
JonWienke@aol.comSun, 7 Apr 1996 18:10:11 +0800
Wei Dai writes:
>One possible way to get around this is to have ecash issuers pay interest
>on ecash. However it requires ecash to be timestamped and therefore
>compromises its untraceability. (Think of the timestamp as a serial
>number.)
Interest-bearing accounts cannot legally be anonymous--the IRS requires
records of interest payments for tax purposes. Even if the e$ issuer is
collecting interest on my ecash, I don't care as long as they don't charge me
any fees,. As far as I am concerned, if the issuer can make anonymous e$
worth his while to issue, the loss in potential interest income is more than
outweighed by the advantages of being able to use such a system.
Jonathan Wienke
NODE b49c5ec2Re: e$ seigniorage (and is this the cost of untracability?)
Jonathon Blake <grafolog@netcom.com>Mon, 8 Apr 1996 04:17:44 +0800
Jonathan:
On Sun, 7 Apr 1996 JonWienke@aol.com wrote:
> Interest-bearing accounts cannot legally be anonymous--the IRS requires
To quote TCMay:
National boundaries aren't even speedbumps on the information
highway.
Who says the e$ has to be based in the US?
Andorra, Liechenstein, San Marino, St Pierre, all come
to mind as countries to investigate, because they are
outside of the United States. << Has St Pierre joined
NAFTA? If so, that rules them out. >>
xan
jonathon
grafolog@netcom.com
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NODE d31edd99Re: e$ seigniorage (and is this the cost of untracability?)
Tim Philp <bplib@wat.hookup.net>Mon, 8 Apr 1996 14:11:34 +0800
On Sun, 7 Apr 1996, Jonathon Blake wrote:
>
> Andorra, Liechenstein, San Marino, St Pierre, all come
> to mind as countries to investigate, because they are
> outside of the United States. << Has St Pierre joined
> NAFTA? If so, that rules them out. >>
St.Pierre is an island off of the coast of Canada that belongs to France.
It cannot join NAFTA (yet <G>)
Tim Philp
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