On Sun, 12 May 2002 [EMAIL PROTECTED] wrote:
> > On 12 May 2002 at 1:31, Morlock Elloi wrote:
> > This is the prime reason why digital cash didn't happen - users
> > don't really care to replace *one* middlemen (government with a
> > printing press and shitloads of armed men protecting the
> > reputation of cash) with another *few*.
>
> Your last paragraph is provably false:
Don't know about Elloi's comment but your responce is clearly cow manure.
> There already exists a large and effective network of middlemen,
> the hawalas network, with numerous headquarters in Somalia, the
> Jebel Ali Free Zone, and similar places, which transfers money
> from one place where such transfers are likely to mean death on
> charges of profiteering and speculation, to another place where
> such transfers are likely to mean confiscation on charges of money
> laundering and supporting terrorists.
Which is a specious extension. These work by being the -exception- to the
rules, as you so rightly point out. Their mechanisms would -not- work if
they were the status quo. There would be no need. They exist because of
the profit inherent in black markets (something supporters of the war on
drugs should wake up and figure out - they're the ones who are providing
fodder for terrorism and such).
--
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The law is applied philosophy and a philosphical system is
only as valid as its first principles.
James Patrick Kelly - "Wildlife"
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