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?"

Comments

Re:Just like the banks do

[yosemite]

I think you left out a step
1. Acquire assets
2. skip step two
3. Eat large amounts of DMT
4. Vomit
5. ???
6. ???
7. Profit

speaking of anonymity

[burns210]

Slighty off-topic, but i can't resist the urge to help get the word out. For those anonymous types among us, who have something to say without wanting to be held accountable for what they say, or for those interested in the project, the Freenet Fork is an up and coming project with potential...

For EVERYONE who has used freenet in the last 2 months, and have either gave up, or gotten fed up with it, i would ask you try this out. It is a fork of freenet based off the Prodnet build of a while back... It is reaching it's 3rd release, and is functioning quite well(yes, it actually works!). Join IIP's #freenetfork channel to ask questions.

NOTE: for those serious about their anonymity, be warned that the network is small at the moment, with a larger userbase anonymity scales, but be careful what you put on their early on.