This is a quote from the book "B-Money" by Wei Dai
...ot be linked to their true names or physicallocations.
read full book
Until now it's not clear, even theoretically, how such a community couldoperate. A community is defined by the cooperatio
ion of its participants, and efficient cooperation requires a medium of exchange (money) and a way to enforce contracts. Traditionally these services have been provided by the government or gove
t sponsored institutions and only to legalentities. In this article I describe a protocol by which these servicescan be provided to and by untraceable entities.
I will actually desc...