> I think 'DGC' is a better acronym!
Not really. That acronym makes no distinction between the true gold
currencies and OSGold.
> there's nothing "backed" about e-gold.
uh... What word would you suggest that means that all the database entries
in our accounts is equivalent to hard metal in secured, unallocated
storage, and a sufficiently large database entrie can be redeemed for a
hard metal brick or sponge?
What, exactly, is your problem with the word 'backed'?
> the day e-gold is "backed" by gold is the day we all stop using e-gold.
The day e-gold isn't backed by gold is the day most people will stop using
e-gold. (Most because there are people that use OSGold)
> e-gold is no more "backed" by gold than the local self-storage
> lock-up sheds that I use are "backed" by my excess furniture and
> boxes of books!
huh?
The local self-storage lock-up sheds are still valid lock-up sheds without
any excess furniture, or any other misc. detritus. e-gold isn't a valid
'digital gold currency' without the physical hard gold bricks. Does your
local self-storage place give you 'detritus bucks' equivalent to the value
of the stuff in your lock-up shed? e-gold does give you value-denominated
assets (database entries) for storing gold with them.
e-gold is backed by gold. What is the invalid meaning in that statement?
> Words have meanings (unless you're a socialist).
Words still have meanings then. The ruling party just tries to change what
the accepted meaning is or simply remove it from the vocabulary if it
displeases them.
Viking Coder
________________
Worth Two Cents?
http://www.two-cents-worth.com/?VikingCoder
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