To: discostu
You say you want a revolution?
Anonymous stored value would cramp the style of overreaching governments. Real, unbreakable privacy for moeny.
I'm not here to debate fractional reserve banking (which has a colorful, to be polite, history) or gold-backed currency. Stored value and currency and banking systems are related but are the same thing. You could have anonymous stored value and gold-backed currency OR "fiat money" as the gold bugs would call it, and you could still set your reserve requirements at any level.
13 posted on
01/17/2003 10:20:28 AM PST by
eno_
To: eno_
Nope I'm not looking for revolutions, they're annoying. I'm just watching how things are going. I'm a cash happy guy, I use cash all the time, but even I'm forced to admit I'm a slow adjusting codger. Out in the real world the vast majority of transactions do not use cash. Check, charge, debit, EFT. That's how money gets spent these days (which, BTW, is why I scoff at those wanting paper dollars to be backed by gold, they're behind the curve, we don't even back checks with paper money how in blazes can we back paper money with anything).
The best source of anonymity is volume. With 280 million people generating transactions everyday who really has time to pay attention to how eno_ and discostu are blowing they're money?
15 posted on
01/17/2003 10:35:46 AM PST by
discostu
(Life sucks, humans are fallible, feces occurs... deal)
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