Dear Frank, --- Frank Warren <[EMAIL PROTECTED]> wrote: > It IS understood. The thing is, the CC model relies on the > ability > to repudiate a transaction incase of error or mal-feasance. > > The DGC model requires positive action by the payer and in so > doing eliminates the costs of potential repudiation that make > credit > cards so expensive to both payer and payee. > > As for me, I much prefer not giving a merchant potential free > reign > to ravage my wallet.
It seems we are not thinking outside the box here. I was not implying that e-gold should imitate a credit card provider (heaven forbid! Ack!). I was simply thinking that e-gold could offer a service where recurring transactions can take place automatically, fully controlled by the user. Or, perhaps an enterprising entrepreneur can come up with something like that. The merchant will not have access to an account or authority to withdraw funds. But a "sub-account," funded by the main account can be established for recurring transactions that the merchant would have access to, with limits. It's possible and would take that little competitive edge away from the credit cards. ===== Regards, Ragnar CFO - http://www.gold-age.net Liberty Impact! Check out this free, hard-hitting weekly newsletter about privacy, liberty, offshore banking, tax avoidance & digital currencies. http://www.libertyimpact.com __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
