At 7:13 AM -0400 5/30/03, George Hara wrote: >This is how E-gold can be *combined* with a repudiable system: > ...
I disagree that e-gold *should* be combined with repudiation. One is free to build systems atop the e-gold system (such as JP's very interesting 1MDC, for example) which have characteristics users who built them will think are ideal, but when I think "e-gold spend" I think: "something _I_ get, without any additional B.S., no matter what anyone else says/wants, I'll get paid, period!" Any repudiable flavor of e-gold which called itself "e-gold" would be as confusing for new customers as it would be dangerous for e-gold! (Drawing e-gold needlessly -- and probably expensively -- into what should be customers' disputes as an unwilling third party). Fraud through payment repudiation is what drove many users to e-gold in the first place, IMO. Now, a programmer like JP can whip-up something which sits atop an e-gold account that is holding funds in escrow, and extending credit, and trying to solve disputes, and all the other things that a repudiable system implies; but think about it...You'll be competing with HUGE established players who provide plenty of repudiations in their immense & widespread system, though at least you'll have the distinction of being related to real gold instead of paper debt. I don't think a businessman like JP would try the idea based solely on having that tiny distinction. Unfortunately, most people still don't yet think of gold as money -- they're stuck in a mental paper-box. Finally, even if there are no cards to loose or steal in a repudiable system, there are still account numbers and passphrases, which have the advantage (to crooks) of remote-giveaway-theft in many cases, with very low risk -- albeit high levels of (spam) annoyance. JMR PS www.repudigold.com is available! :) --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] 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.
