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Financial Anonymity and Privacy with DMT?
An anonymous reader asks: "I'll have to quote a fellow cypherpunk to give my question the correct framing: '...this is a time when the world needs these services more than ever. In crises there is a tendency for repressive governments to crack down on communications and free access to information. Lately the fear of terrorism has eroded many rights we took for granted. One of those rights, financial privacy and anonymity is disappearing fast, as the US takes steps to stop the movement of terrorist funds. There is a system out there that might help slow the erosion of rights: DMT. Might it be a solution to the erosion of financial privacy and anonymity?""DMT was launched a few years back:
'The Digital Monetary Trust is a computer system and mechanism that gives users the ability to hold assets anonymously, along with the ability to anonymously transfer these assets to other parties. You can think of a DMT customer account as an anonymously-held checking account (in which the customer is anonymous both to the bank and to other people), but one which allows the customer to write checks to third parties (and these third parties will also be anonymous to the bank and the outside world; in fact, you can even arrange for the receiver of your check to be anonymous to you also).'
Since then there has been very little public discussion about its security, anonymity, and use.
Has anyone used this system, or know of organizations that do? What magnitude of money flows in and out, and are there enough users to afford decent anonymity?"