On Wed, May 23, 2001 at 07:58:20PM -0400, [EMAIL PROTECTED] wrote:
> Understandably, from a marketing perspective, the easier the system is to
> use, the more people will use it. However, e-gold and others will have
> difficulty attracting serious commercial customers until they provide a
> truly secure payment system. To get people off credit cards, you have to
> provide something that is BETTER than credit cards. Presently e-gold is
> about equal to credit cards in terms of security, and somewhat better in
> terms of non-repudiability. However, as Costa Gold and other examples have
> shown, even e-gold isn't really non-repudiable. If they think a transaction
> is fraudulent they will freeze it, so it isn't really like cash.
Costa Gold is not an example of repudiability. A repudiation requires
that some money be given back to someone, without consent of the payee. I
do not think that happened.
E-gold will not freeze accounts except in case of a court order. Value
limits may be placed for any reason or no reason.
E-gold is not supposed to be like cash (anonymous, untraceable), and no
one claimed that it is.
--
Tril 0. Byte <[EMAIL PROTECTED]> http://tril.tunes.org/
This message is placed in the public domain.
---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]
