On Tue, 26 Jun 2001, Viking Coder wrote:
<snip>
> Very true. Even if they claimed to match circulation 100% by hard
> un-allocated metal, without a redemption policy they are not a gold backed
> currency. Until OSGold implements a redemption procedure, they will be a
> EGC "Ether Gold Currency".
</snip>

Just to be the Devils Advocate, what is E-Gold's redemption proceedure?

Seems like they have left it up to the market makers to do that, same as
OSGold.


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