On Sunday, March 2, 2003, at 12:40 PM, SnowDog wrote:
... There are places where revocable payments will rule the market. ... E-gold's strengths are that it is irrevocable and international.
It would be cool if someone issued a new kind of credit card, one payable ONLY in e-gold.
Then you could make revocable charges to your heart's content, even using US dollar denominations, and even with merchants who knew nothing about e-gold. But when it came time to pay your balance, you could ONLY pay with e-gold.
Seems like a good deal for the issuer of the credit card. They might even be able to offer a lower interest rate to compensate for funding fees. Their reduced risk and paperwork might allow them to do that.
-- Patrick http://fexl.com
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