[e-gold-list] Re: They've solved the small change problem

[Steve Schear]

At 01:44 AM 11/7/2002 -0600, Jim Davidson wrote:

E-gold lets me spend a millionth of a dollar's worth of
gold.  Wow.

True, but watch out for the spend fees. When the size is moderate spend fees are small in comparison with the transaction. However, when the transaction size is a small fraction of a cent spend fees can approach 40% of the spend. This percentage of fee increase is necessary because while transaction costs are small they become increasingly significant with small spends. See Greg Broiles' 11/25/2001, Re: How Penny Per Page Might Work.

steve


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