Comments on: Towards anonymous currency transactions http://www.brainonfire.net/blog/towards-anonymous-currency-transactions/ Tim McCormack, distilled Fri, 03 Feb 2012 04:07:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Soi Disant http://www.brainonfire.net/blog/towards-anonymous-currency-transactions/comment-page-1/#comment-38714 Soi Disant Fri, 04 Jun 2010 20:28:14 +0000 http://www.brainonfire.net/2006/10/08/towards-anonymous-currency-transactions/#comment-38714 I'm not one to need transferring large sums, nor make large anonymous purchases, but it seems that the monetary limit for service of this kind would need to be greater than US$200. I'd suggest US$500. And (if/as) hyperinflation hits the US, that would not even begin to be useful. I'm not one to need transferring large sums, nor make large anonymous purchases, but it seems that the monetary limit for service of this kind would need to be greater than US$200. I'd suggest US$500. And (if/as) hyperinflation hits the US, that would not even begin to be useful.

]]> By: Tim McCormack http://www.brainonfire.net/blog/towards-anonymous-currency-transactions/comment-page-1/#comment-1808 Tim McCormack Thu, 19 Oct 2006 13:17:28 +0000 http://www.brainonfire.net/2006/10/08/towards-anonymous-currency-transactions/#comment-1808 It would be neat to have an application manage all this for you, but you'd have to be very careful -- imagine I create this application, but put in a backdoor so I can spy on your transactions and skim off money? You would likely never know. In other words, when dealing with anonymity and security, keep the number of people you blindly trust to a minimum. It would be neat to have an application manage all this for you, but you'd have to be very careful -- imagine I create this application, but put in a backdoor so I can spy on your transactions and skim off money? You would likely never know.

In other words, when dealing with anonymity and security, keep the number of people you blindly trust to a minimum.

]]> By: rlruby http://www.brainonfire.net/blog/towards-anonymous-currency-transactions/comment-page-1/#comment-1806 rlruby Thu, 19 Oct 2006 13:03:22 +0000 http://www.brainonfire.net/2006/10/08/towards-anonymous-currency-transactions/#comment-1806 can you guys make a program for such a thing. like TOR did. but also, make versatility options, make them know how to use egold, paypal, and i think there is a third one. can you guys make a program for such a thing. like TOR did. but also, make versatility options, make them know how to use egold, paypal, and i think there is a third one.

]]> By: Mark Herpel http://www.brainonfire.net/blog/towards-anonymous-currency-transactions/comment-page-1/#comment-1658 Mark Herpel Thu, 12 Oct 2006 20:58:35 +0000 http://www.brainonfire.net/2006/10/08/towards-anonymous-currency-transactions/#comment-1658 http://www.freedmoney.org/ http://www.freedmoney.org/

]]> By: Tim McCormack http://www.brainonfire.net/blog/towards-anonymous-currency-transactions/comment-page-1/#comment-1620 Tim McCormack Wed, 11 Oct 2006 21:43:09 +0000 http://www.brainonfire.net/2006/10/08/towards-anonymous-currency-transactions/#comment-1620 I'm surprised that Loom is completely fee-free -- there should be some sort of basic maintenance fee that reflects the "backing store's" maintenance costs. That is, suppose Loom is just one big e-gold account with an innovative front-end. Then, the amount of gold available for withdrawal from or transfer between locations after X days should reflect the 1% per annum Agio fee of e-gold. (The Spend fee would be more easily calculated.) Otherwise, Loom risks insolvency. I'm surprised that Loom is completely fee-free -- there should be some sort of basic maintenance fee that reflects the "backing store's" maintenance costs. That is, suppose Loom is just one big e-gold account with an innovative front-end. Then, the amount of gold available for withdrawal from or transfer between locations after X days should reflect the 1% per annum Agio fee of e-gold. (The Spend fee would be more easily calculated.) Otherwise, Loom risks insolvency.

]]> By: Mark Herpel http://www.brainonfire.net/blog/towards-anonymous-currency-transactions/comment-page-1/#comment-1609 Mark Herpel Wed, 11 Oct 2006 04:50:04 +0000 http://www.brainonfire.net/2006/10/08/towards-anonymous-currency-transactions/#comment-1609 TOR also has back doors and problems, RE: http://www.the-gold-blog.com/?p=385 True the Loom system requires exchange agents, (or a prepaid card system for funding and withdrawals, I have that one already up for e-gold) I know all of those agents listed and the they change often however, Loom is not today a really active system its put up as the first completed working version beyond anything resembling a beta because it works well. I think it is just kind of in limbo now while he works on other paying projects, but not sure. Also don't miss the fact that the valued object or 'money' loom users can exchange, does not have to be e-gold, you can set up your own Loom for Pecunix, silver coins, antique plates, '56 Buicks or Star Trek Merchandise.....anything you and the receiver agree on. Its a bit generic that way as I understand it but that is how it was created. There are several other systems, open source, I have them on another laptop listed in details, Loom is the only one I know the actual programmer and trust his work and him 100%. Don't forget, most people wanting to 'anon' transfer funds are looking to do much more than a few hundred dollars. All the best. Mark TOR also has back doors and problems, RE: http://www.the-gold-blog.com/?p=385

True the Loom system requires exchange agents, (or a prepaid card system for funding and withdrawals, I have that one already up for e-gold)

I know all of those agents listed and the they change often however, Loom is not today a really active system its put up as the first completed working version beyond anything resembling a beta because it works well. I think it is just kind of in limbo now while he works on other paying projects, but not sure.

Also don't miss the fact that the valued object or 'money' loom users can exchange, does not have to be e-gold, you can set up your own Loom for Pecunix, silver coins, antique plates, '56 Buicks or Star Trek Merchandise.....anything you and the receiver agree on. Its a bit generic that way as I understand it but that is how it was created.

There are several other systems, open source, I have them on another laptop listed in details, Loom is the only one I know the actual programmer and trust his work and him 100%.

Don't forget, most people wanting to 'anon' transfer funds are looking to do much more than a few hundred dollars.

All the best.
Mark

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