SnowDog wrote:
>
> > "The User agrees to keep his unallocated, undivided interest in the
> > pool of gold held in storage at a Vault free from any liens,
> > encumbrances, charges or claims"
> >
> > In other words, GoldGrams cannot be leased or loaned nor can any
> > derivatives be created on them.
>
> It seems like this would really hinder business-to-business transactions
> with GoldGrams, as many business transactions involve loans or obligations
> of some fashion or another.
As I read this, you cannot lease or loan GoldGrams... but you can create
a payment now, with a contractual agreement to repay with *some
unspecified* GoldGrams. Like, if I said "I'll give you this car now, and
you later give me back some car of the same type in the same condition"
without specifying it as *this* car, and therefore not loaning that car
per se.
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