[e-gold-list] Re: Fractional Reserve Banking

[Viking Coder]

> > Why should e-gold's reputation be damaged if Digigold or SR (in the
> > future), or any other frac. reserve, fails? ..The backing that was
> > previously not in general circulation, now is. How does this damage
> > e-gold's reputation or credibility?
> 
> Well I am sure that if you read in the Press that a digital currency X 
> that was partially backed by e-gold, has gone bankrupt..or 
> whatever.. It would not create a positive perception in the market 
> place.
> 
> Claude

Just as if the following press release came though...

"Secret Service raids E-GOLD exchange provider"

which get's shortened to

"Secret Service raids e-gold"

People usually don't read the article, just the headline. I'm guilty of
this myself sometimes.


Viking Coder
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