----- Original Message -----
From: Viking Coder <[EMAIL PROTECTED]>
To: e-gold Discussion <[EMAIL PROTECTED]>
Sent: Friday, May 18, 2001 2:21 PM
Subject: [e-gold-list] Re: Banks, Guns, and Feudal Lords
> > My pessimism in estimate is basically allowing for thieving-bastard laws
> > trying to ban or tax or hyper-regulate e-gold, plus the rather broad
> > cultural gap between "popular online" and "popular offline". That is
> > unless e-gold can bridge that gap early and grow fast enough to do an
> > end-run around the legislatures. They'll know they're safe at last when
> > it reaches the point where giving them grief would trigger an instant
> > no-confidence recession.
>
> The credit card companies have one thing over e-gold that will make it
> hard to break into the "popular offline" group; namely, credit. You can
> use your credit card without having the money on hand; can't do that with
> e-gold. Though that would be a strange turn of events... if the credit
> card companies noticed/accepted e-gold and adapted their systems to work
> with e-gold. It would only be a little different than the fractional
> reserve currencies (such as digigold, and standard reserve's future
> offering).
>
> To get the popular offline group will mean recruiting the merchants before
> recruiting the consumers.
>
> Is anybody working on a POS (point of service) terminal to allow
> (somewhat) offline e-gold transactions to occur? This could be as simple
> as hooking a PDA up to a wireless modem, or a PCS cell phone.
>
>
> Viking Coder
The way to make e-gold to offer credit is to provide more than currency,
i.e. brokerage accounts. Thus individuals would hold shares and other
financial assets, and some proportion of what is held could be lent, e.g.
40%. This could be used as personal credit or for purchases.
David Hillary
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