[e-gold-list] "Van den Berghe payment system"

[jpm]

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.

For what it's worth, I have not found that to be the case Danny

You may be right that *certain types of retail transactions* (like, buying a pushbike or something) are not amenable to e-gold-type transactions.

However "real money" e-gold direct online transactions are "fucking fabulous" for vast categories of stuff. For instance, paying employees and being paid. For instance, paying rent. For instance, buying stuff at banana, or paying for things like hosting and DOMs. For instance, thegoldcasino, which is a mega hit, because irrevocable direct online transactions are tremendously advantageous for gambling. e-gold type irrevocable direct online transactions would also be totally ideal for say paying etrade, and so on.




But sure you're right that there are many categories of retailing that credit-card type revocable transatcions are popular for .... and ....

Yes, but e-gold will not get popular unless you can do reversible
transactions with it.

i do think though Danny that e-gold "made reversible" would simply no longer be e-gold. It would have lost it's raison d'etre and be completely pointless.

(In contrast ... let's say you started a new system, "abcgrams.com" which WERE revocable. what would happen? What would happen is everyone would imemdiately convert their abcgrams to e-gold grams because ... e-gold grams are not revocable! :) IG is meant to be non-revokable, or else it's not really IG.)

So yes, I think as Patrick was saying, there's probably a HUGE, HUGE opportunity for a "Van den Berghe payment system" which is sort of a credit card based on egold or a praypal based on egold.

It (the "Van den Berghe payment system") would p[robably be much, much more busy and successul than egold (just as PrayPal is much, much more busy and successul than egold)

Without circulation in physical form, any new online *money* (e.g. e-gold)
will not gain much acceptance,..

well it is running at about 1 to 5 million dollars worth per day


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What European tribes think of each other:
http://exile.ru/151/materials/europeans-chart.html

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