On 29 May 2001, at 21:36, Viking Coder wrote:
> GoldMoney gives the current exchange
> rate of the gg.
No. It gives an indication of what is the current exchange rate. But
that is not like setting its value. GM does not force a transaction to
happen at a rate that is not the real time exchange rate. The user
can spend grams and decide on what exchnange rates he
uses...real time or else.
When you do a spend with e-gold, you use e-gold rates. If you
spend $2000 USD worth of gold instead of spending in ounces or
grams, the exchange rates is forced by e-gold and can be very
different from the real time price. Of course, the user can always
override this situation, calculate how much grams he really want to
spend using current real exchnage rates, and spend in weight
instead of national currencies.
The difference is minor.. but exist.
i think we are arguing for very little here.
Claude
---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]
