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> “Nothing you buy will be anonymous,” he said, adding a positive outcome would be that it is harder for criminals to evade detection or anti-money laundering c
by nly 6y ago
> “Nothing you buy will be anonymous,” he said, adding a positive outcome would be that it is harder for criminals to evade detection or anti-money laundering controls
But centrally issued digital cash can be anonymous. There exist cryptographic schemes where tokens can be exchanged peer-to-peer in a way where the issuing bank can't identify participants until tokens are double spent. Double spends can then be charged against the account of the double spender when the recipient of a transaction deposits the tokens. These schemes are far more efficient, natural progression to our current fiat monetary system than Bitcoin or any of the other "crypto currencies".
The only reason we don't have this tech today is there are no incentives for our governments or banks to maintain the anonymity of cash.
https://archive.org/details/CryptographyOfAnonymousElectronicCash https://archive.org/details/CryptographyOfAnonymousElectroni...