Yodel Bank: Anonymous E-Cash

November 19th, 2002 | Posted by paul in Uncategorized

Thanks to developments in anonymous communication, such as Freenet and the invisible irc project, anonymous digital cash has become a reality. Yodel Bank is offering ‘yodels’ as a form of currency you can exchange with people who you’ve never met outside of anonymous means. For example, you could pay for some web design or a hosting service anonymously, play video poker with real anonymous money on IIP, or make a donation to a charity without disclosing who you are. Yodel Bank is relatively new, but now that you can transfer money over IIP and Freenet, a real vibrant anonymous economy is springing up, and it’s unclear how government will react to this ‘private’ banking.

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