Jim Davidson just pointed out to me that "debit card" generates confusion, and it should be "smart card". So, I rename my "baby" to "E-gold smart card" (EGSC).
This system should be tightly integrated with the E-gold systems because of security reasons, though it's not mandatory. For example, each EGSC has to be programmed with an E-gold account number from which the egold is to be transfered to the E-gold account of the "real life merchant" (RLM). The programming of the EGSC should be done in the factory. E-gold could reserve, for ESGC, the account numers from 1 to 2 billions. This way, the E-gold system knows that egold can be transfered only into such an account, or out of it but only to the account of a RLM; this is just an extra security measure, it's not mandatory. On the other side, the merchant programms his E-gold authentication device (EGAD) with his RLM account and a default currency (in which transactions are done "worth of"). It is not necessary for E-gold to participate into such an action, but it is necessary to involve it at least for reserving the EGSC account numbers. The best markets for EGSC are those that don't easily obtain credit / debit cards because of impossible terms or fraud. With egold there is no worry since the system is non-repudiable. I have to say that I have no material or technological means to make this happen, I just have ideas. I know that there is a guy in Asia, also named George Hara, who seems to be a millionaire, but I'm not him :( ... yet ;) Regards, George Hara www.filematrix.xnet.ro ------------------------------------------------------- Xnet scaneaza automat toate mesajele impotriva virusilor folosind RAV AntiVirus. Xnet automatically scans all messages for viruses using RAV AntiVirus. Nota: RAV AntiVirus poate sa nu detecteze toti virusii noi sau toate variantele lor. Va rugam sa luati in considerare ca exista un risc de fiecare data cand deschideti fisiere atasate si ca MobiFon nu este responsabila pentru nici un prejudiciu cauzat de virusi. Disclaimer: RAV AntiVirus may not be able to detect all new viruses and variants. Please be aware that there is a risk involved whenever opening e-mail attachments to your computer and that MobiFon is not responsible for any damages caused by viruses. --- 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.
