Jim,
> > You don't like Danny's e-land idea because of the historical > > example of John Law. > > You oversimplify. I dislike the e-land idea because land > is not fungible. Location determines its value. I > dislike it because there are known high storage costs in > most jurisdictions in the form of property taxes. I dislike > Danny's specific implementation because he offers no Okay, so it is the implementation you don't like, not the idea. > Here you misuse the term "DGC" to represent all digital > currencies. Digital gold currencies or DGCs are those > currencies where actual gold is involved. The ones I > find trustworthy, e-gold, Pecunix, GoldMoney, e-Bullion > all have a stated redemption feature. 1MDC redeems to > e-gold. If one cannot bail in gold and one cannot redeem > gold, then the currency is likely not gold. OSGold was > never proven to be a digital gold currency. It was a > digital scam. Right, but when a business like e-land starts, no one can say "these are for real, these are scammers". Time is needed to prove things. E-land can't be redeemed because in small areas is useless, and in big areas there is still the problem of homogeneity / location. But the land is still there, so there is no evidence of scamming. In fact, people dealing with e-land don't need to redeem it. They (at least this is why I am interested in DGCs) simply need the low fees and instant payment. A catastrophe would be the only time when most people would feel the need to physically own their digital asset, but I don't want to live my life thinking a world war could show its claws. But in spite of these facts, there is the psychological matter of people feeling safer thinking at gold backing the currency, since it is compact and if, in the remote case, they would redeem it, they could take it with them, anywhere. > I think silver and platinum carry similar levels of risk. > I am still evaluating palladium. Right, but as the asset backing a digital currency, gold is better than silver because of its density (half the storage space), and better than platinum because there is more gold than platinum in the world (so, more liquidity). Taken as an investment opportunity, diversification is great. > I have to admit being puzzled by > various of your posts where you do indicate a belief in > collectives. It depends. I obviously don't think as you do when it comes down to law enforcement (for example, it's not legal in Romania to own fire arms, except in special cases, and I very much like it that way). I also believe paper is a better exchange medium than gold is, and gold a better storage medium than paper. I would rather use paper to pay for stuff, and gold to invest with low risks. In the case of digital currencies things are different: I'm not interested if gold or Euro (or even USD) is backing the currency, but I am interested in the low fees and instant payment (plus the method E-gold uses, including the legal terms). You don't like the government / law enforcement, but I don't like the way they are twisted by the idiots working at the top of these systems. I do like the idea, I don't like the implementation (for example, for the brain-washing machine they call "school")! ;) George Hara ------------------------------------------------------- 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.
