> Second, I don't think you can open up a dictionary and come up >with how much USD or JPY is traded in a given day Sure, there are many such estimates around --- you're perfectly correct that they are estimates, though! (Even the amount of usd IN TOTAL is ALSO just an estimate, because no one has any clue how much of the paper money has been destroyed, is lost, how much is counterfiet from the israelis, etc etc.) > because there is no one place to trade it. John and Bob could be >sitting at a street corner and passing a 5 dollar bill back and >forth and be trading. They could do this a million times and no one >would know. However, if they did this in e-gold, they would have to >do it through the e-gold website and so e-gold would know and >calculate that John and Bob did 5 million in trading. > Here's an interesting thing. It is NOT TRUE that the e-gold server tracks ALL use, spends, of e-gold!!!! Erich's MS server now does a LOT of spending of e-gold that e-gold knows nothing about and never will -- in fact, I have often used it as a privacy measure so that Jim can't look up my spends! (Just joking Jim! :)) If A says to B "I want to be paid in e-gold, but I don't want e-gold to know about it", A then simply opens an MS account, and gets paid from one MS account to another. Another example is on the thegoldcasino.com system, which ISL programmed (wave!) Note that there are VAST numbers of transactions extra to the e-gold server, on the TGC system. You could argue that these are not "e-gold" spends but just spends of "tokens based on e-gold" (exactly like chips at a casino). But, the TGC system is a full value accounting system .. for instance when you are given a "comp" by the TGC owners, that is an e-gold spend: whether they had used the use.e-gold.com mechanism to your e-gold account, or sent you the value to your TGC account, e-gold ownership has been moved. So, these mechanisms like MS will grow as e-gold grows, and daily usage of e-gold will be harder to guess!!! ----------------------------------------------------------- "A government that robs Peter to pay Paul can always depend upon the support of Paul." -- George Bernard Shaw --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
