It would be dangerous and unsound public policy to allow fully untraceable, unlimited value digital currency to be produced. It opens up opportunities for abuse that aren’t available to criminals now … Fully anonymous cash might allow opportunities for counterfeiting and fraud.
Predictor: Daguio, Kawika
Prediction, in context:In a 1994 article for Wired magazine on e-cash, Steven Levy quotes Kawiko Daguio of the American Bankers Association: ”Speaking for myself, it would be dangerous and unsound public policy to allow fully untraceable, unlimited value digital currency to be produced. It opens up opportunities for abuse that aren’t available to criminals now. In the physical world, money is bulky. In the physical world, it is possible to follow people, so a kidnapper can potentially be caught if the currency is marked, if the money was being observed on location, or if the serial numbers were recorded. Fully anonymous cash might allow opportunities for counterfeiting and fraud.”
Date of prediction: December 1, 1994
Topic of prediction: Economic structures
Subtopic: E-cash
Name of publication: Wired
Title, headline, chapter name: E-Money (That’s What I Want)
Quote Type: Direct quote
Page number or URL of document at time of study:
http://www.wired.com/wired/archive/2.12/emoney_pr.html
This data was logged into the Elon/Pew Predictions Database by: Anderson, Janna Quitney