> IG systems are meant to be *monies* in the same way that USD and > Euros are moneys.
That's exactly what I was trying to say: e-gold is only *money*, and that's why e-gold is not gaining widespread acceptance for payments on the net, because money, pur sang, is useless for direct online transactions. Remember , real money, whether it be gold coins or dollar bills, has only been ever really useful when there is physical contact between the buyer and the seller. You give me the bottle of wine and I hand you the money, and the deal is finished. This is the most simple transaction. When there is no physical contact between the buyer and the seller, a simple money transaction is no longer a suitable solution. Different solutions were found, escrow service, letter of credit issued by the bank, ... Using *money* online would be as risky as sending money in an envelop (provided you are certain the envelop will reach its destination) > > Reversible payments in e-gold or goldmoney makes little sense. > > It would be like having "reversible US dollars" > > Credit cards are, of course, something that *OPERATES WITH* US > Dollars. Indeed, in the future, if e-gold is really popular there > will be credit cards that operate with e-gold. Yes, but e-gold will not get popular unless you can do reversible transactions with it. You have the chicken and the egg question here. Want e-gold to become widely used, simply make reversible payments possible. Without this extra service e-gold remains just *money* , and consumers will remain very reluctant to 'send money in an envelop to an unknown destination' > > Or .. PrayPal for instance, may decide to offer e-gold accounts. > (Much as they may decide to expand to say Euros, of Canadian Dollars.) Euros or Can dollars have gained widespread use because they already circulate in physical form. Without circulation in physical form, any new online *money* (e.g. e-gold) will not gain much acceptance, unless you offer a complete payment solution based on it. That's what is missing with the GBC's I have seen so far. And thinking that some other third party is going to do the dirty work is just dreaming. If Paypal or cc's see the need for a gold backed money, they will just create one in-house. Why they would trust a third party with the gold? Danny --- 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.
