Robert,
I understand what you are saying about the "chaotic" effect that a thriving gold economy would have on the e-gold supply and perhaps on the efficiency of the current business model that most exchangers use. However, is it so unthinkable that that business model will simply be adapted to market conditions by those exchangers who wish to keep their light bills paid, or at the very least a *GASP* temporary increase in the fee to exchange e-gold which is reflective of the supply:demand ratio (i.e., demand for e-gold soars -- rate goes up ... demand for e-gold plummets -- rate goes down.) This particular sort of chaos, which you seem to dread, will make a great many people wealthy. "Once people start using shares as a means to trade other stuff, we have a fiat economy alongside the e-gold system." It seems that you are describing barter, a system of trade which predates any standardised government- or privately-issued currency by centuries, if not millenia. It still goes on today at places like http://www.freetraders.org . I quite regularly accept combinations of e-gold and other digital currencies, FT.org's in-house barter credit, miscellaneous goods and/or services which I find of particular use or potential resale value, etc. there in exchange for bullion products, gems, and numismatic coins, and the occasional automobile. As far as I know I have yet to wreak any havoc on the e-gold system doing so, but of course I am small potatoes. Frank --- 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.
