Anonymous Electronic Cash Payment System Sought

January 6th, 2009
  • Can someone identify for me a completely anonymous method of conducting money transfers over the web? I am seeking a method to conduct 100% anonymous electronic cash transfers. Does such a system exist yet? A qualifying answer should provide a method of moving funds from one person to another, electronically, in a manner which is as untracable as hard currency, and prevents the payer from knowing the true identity of the payee.


  • aaronsw-ga Yes, I am aware of DigiCash, Chaum, and Applied Cryptography, Sealand, and the cypherpunks. I simply want to know if anyone has built it yet. Another great resource on this topic is an essay by Tim May in the reprint of Vernor Vinge's "True Names" Thanks for the comment!


  • coweyes-ga wrote: >>it would be OK for somebody to give a card to another person who would be untraceable by the issuer Thanks for the info about Mondex, but the question doesn't permit a physical handoff--otherwise might as well use hard currency (legal tender, precious metals, etc.) No, I am not thinking about kidnapping anyone, but think "ransom". Looking for a system that would allow the kidnapper to collect in a ransom scenario. There are legal uses for such a system, just as there are legal uses for cash. For example, maybe Scott the Skydiver doesn't want his bank or credit card company to know he just booked a reservation with SkyDiving Adventures because his insurance company might buy his transaction history, classify him as "risk taker" and raise his rates.


  • Does this system have to be reflexive? By that I mean, do both the payer and the payee need to be completely anonymous? Or does the anonymity only need to hold true for the payee? Also, how absolute does the anonymity need to be? If you are looking for an absolutly untraceable under *any* circumstances, then I can tell you now that such a system does not and can not exist.


  • Hi there- (***Please Read Disclaimer at bottom of email***) First it is my belief that it is possible to have a completely anonymous transaction. However it is not simple to get the necessary pieces setup and it is also somewhat costly. Here is how I would suggest doing it: The first part of the puzzle is to screen your IP address and all information that is associated with physically what/where you are surfing from. 1) Purchase a piece of software from Zero Knowledge Systems called Websecure. (http://www.freedom.net/products/websecure/). This piece of software once installed and enabled encrypts (128bit) and routes all of your surfing traffic through a series of Zero Knowledge proxy servers. This keeps your IP address from appearing to any of the sites you visit. The second piece of the puzzle is to setup an anonymous bank account. There are a variety of companies that provide anonymous offshore accounts. They are not cheap. In my research it has averaged about $1000.00 to set one up. Here are some of the companies I found that will let you set up an anonymous offshore bank account: 1) Cardster (http://www.cardster.net) Specific service page – (http://www.cardster.net/anonymous_offshore_bank_account.htm) 2) Finor (http://www.finor.com) Specific service page- (http://www.finor.com/en/anonymous_bank_accounts.htm) Note: This company actually takes your information and then sets up an anonymous account with another bank on your behalf. Their thing is that they have to know you and then they will protect your privacy once they know you. 3) Alpha Offshore (http://www.1alpha-offshore.com) Specific service page: (http://www.1alpha-offshore.com/Offshore-Anonymous-Cirrus-Debit-Cards.htm) – Note: I like this one the best. It is the most straightforward and not “gimmicky.” Now once you are surfing the web anonymously and you have anonymous bank account, now it is time for you find an e-payment service where you “accidentally” fill out the majority of the signup form with information other than your own – except the bank account information and the brand new hotmail account email address of course. Now you are ready to transfer money using one of the following payment transaction services: 1) Paypal (http://www.paypal.com) 2) Billpoint (http://www.billpoint.com) 3) E-Gold (http://www.e-gold.com) 4) NetPay (http://www.netpay.tv) At this point whoever you send money to using the payment service will have no way of tracking the payment back to you. To make the transaction completely untraceable the recipient should go through the steps above to get to the point where they have an untraceable e-payment account as well. Do beware that Paypal and others will ask questions about large transactions. I recently sold some teak furniture for close to $3000.00 and a Paypal security representative sent me an email asking me to confirm the transaction and explain what it was. I responded and then never heard from them again. I recognize that this isn’t an easy or straightforward system. But sending anonymous payments and receiving them can be done if the right groundwork is laid in advance. (DISCLAIMER) Also as a disclaimer, I have not actually tried to do this and I don’t recommend incorrectly filling out web signup forms. This is purely a theoretical thought exercise to see if an anonymous exchange of money can be accomplished using an alternative method to actually handing physical currency over. -iamchmod







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