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Yodelbank

Yodelbank is a bank that relies on the Digital Monetary Trust-network (DMT), and the Invisible IRC Project (IIP) [1].

DMT is a threelayerd computer system. Its function is to abstract the identity of the account-owner from the accounts. That is, the accountholders transfer money into the DMT network, wich becomes the legal owners of the money. Then, the accountholders can make DMT transfer money as they like. The system builds on trust betwen the "bank" and the accountholders, hence the name.

Yodelbank is a bank that has all its assets in the DMT. Yodelbank has no physical office, instead it exists entierly inside the "cipherspace." The interface towards yodelbank is put inside IIP, an encrypted and pseudonymous internet relay chat. (IRC)

Because Yodelbank is put on top of DMT and the only way to communicate with yodelbank is through IIP, it is an entierly anonymous internet bank.

Yodelbank is not a registerd company. It exist entierly outside any countries law. The owner of yodelbank is also unknown.

See also

crypto-anarchism, Anarcho-capitalism

External link