Anonymous E-Cash

February 14th, 2003 | Posted by paul in Uncategorized - (Comments Off on Anonymous E-Cash)

The Lucre Project has released a new version of its code. From the announcement:

Lucrative is based on Ben Laurie’s Lucre project. Lucre is a system of blinded digital cash. It is unlinkable and untraceable: the bank cannot record the coins it issues to customers, and cannot identify which account is paying which, except by traffic analysis.

This is ‘true anonymous digital cash’ folks.

Lucrative is building a server anyone can use to build their own digital bearer instrument underwriting business.

Even now, the server is fully functional. It’s based on standards: SOAP, the Simple Object Access Protocol, and the major force behind the emergence of Web Services. It’s written in platform-neutral Java. It’s database-neutral, but we’re developing on open source MySQL.

Major goals are releasing easy-to-install packages, bringing server bug counts to a permanent zero, and developing the first graphical client, CashBox, into a ‘smart client’ that uses vendor-neutral digital bearer instruments, third party metadata and realtime, online markets.


Yodel Bank: Anonymous E-Cash

November 19th, 2002 | Posted by paul in Uncategorized - (Comments Off on Yodel Bank: Anonymous E-Cash)

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.