eBay Primary Email Address Change
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Re: WebMoney
On Thu, Apr 21, 2005 at 09:15:06AM -0500, Shawn K. Quinn wrote: > > The fact that webmoney takes security so seriously suggests to me > > that they are honest - but, of course, the fact that they are russian > > suggests . > This isn't the middle of the Cold War anymore. I don't think they are > that dishonest, especially after some of the crap the US government has > pulled in the last few years. It's not middle but it's definitely closer to Cold War now than in early 90's, if you look at recent Putin's actions. I still have doubts about using WM but next time I'll give it a try as it's cheaper than Western Union and wire transfers. Technically the system seems trustworthy but that's not enough - any Russia-based money system can be shut down in one day if someone in Moscow decides so. If you look at 90's "denomination", then banks "bankrupting" last year and Lukoil case then you understand why people don't want to send their money through Russia. To Russia (like in my case) - maybe... WM seems to be partially based on Ukraine which slightly gives more confidence after last elections. I hope Ukraine sees this potential. -- Paweł Krawczyk, Kraków, Poland ABA http://www.aba.krakow.pl/ ul. Bociana 22a, 30-230 Kraków tel. (0-12) 4158781
Re: WebMoney
-- On 22 Apr 2005 at 16:20, Bill Stewart wrote: > Last time I wanted to use an online gold system, I > used pecunix as the currency and goldage.net as the > payment handler. That was partly because of the fees > for the size of transactions I was doing (for small > transactions, the minimum fee is more important than > the percentage), but partly for convenience - one way > to pay Goldage in the US is to go to a bank where they > have an account and make a deposit - Wells Fargo is > one of their more widespread banks. A procedure that was, of course, anonymous. You probably made a deposit in cash. In the cypherpunk vision, internet transactions should be blinded, so that the adversary cannot do connection analysis. If Ann pays Bob, the adversary can detect this, and perhaps suspect that Ann actually is Bob. We do however have anonymous deposits and withdrawals from internet transaction services, and weakly nymous providers of accounts. Many foreign banks go through the motions of verifying foreign account holders true names, but not all them try all that hard. E-gold goes through the motions, and sporadically enforces its acceptable use policy, which requires you to submit true name information, but really does not try at all for the most part, unless the shit hits the fan. Pecunix does not require true name information - merely an email account at which you are capable of receiving mail - preferably PGP mail. WebMoney does not even require an email account. If you use their classic security system, their client just generates what I assume is a private key on your computer, and that is your identifier. Though these systems permit governments to do connection analysis, most governments are not terribly interested in doing connection analysis on foreigners, and governments do not work well with other governments. Not that I suggest that any of this is an adequate substitute for true Chaumian blinded transactions, but it is a substitute, and also foreshadows demand for such transactions, and a profitable business model based on such transactions. The real obstacle is that 99% of customers cannot understand WebMoney's security, or use Pecunix's PGP based interface. If you try to sell them Chaumian blinded transactions, the average mobster is going to be seriously boggled. --digsig James A. Donald 6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG /rjlkisXJqOtx4zr4jGWmDeW6blJQ6vawOmxFssX 4BiPlDhZsJ7G0P6TTWXEwYNbNs1ylu/oofbIhlUrv
Re: WebMoney
At 11:42 AM 4/23/2005, James A. Donald wrote: A procedure that was, of course, anonymous. You probably made a deposit in cash. Yes, of course :-) Writing a check would have been silly, and Goldage.net doesn't accept them for bank deposits, only for direct mailin. (They do accept bank wires, but not EFTs or Paypal.) I suppose I probably did use the ATM outside the bank to get the cash I carried in to deposit, but there were a dozen people in the bank line and this wasn't a really high-security transaction. Pecunix does not require true name information - merely an email account at which you are capable of receiving mail - preferably PGP mail. Goldage, which I used to buy the pecunix, doesn't use accounts, but they do need an email address for handling each transaction. For larger customers who handle a lot of volume, they can provide some frequent-customer information so you can get better rates and speed, but it's still not an account that stores value. I don't remember if I used the same account for the goldage and pecunix parts of the transaction, or if I used disposable accounts for one or both.
