> You are essentially talking about an electronic reserve bank that issues > fiat currency, based on supply and demand, yes?
How would such a conglomerated gold currency be a fiat currency? Individual currencies (e-gold, pecunix, etc...) aren't considered fiat. 1mdc isn't considered fiat. Why then does comgold fit the bill? http://dictionary.reference.com/search?q=fiat%20money --- Legal tender, especially paper currency, authorized by a government but not based on or convertible into gold or silver. --- Comgold would not be issued by a government but would be based on, and convertible into, gold in the same method as 1mdc. Or... Is the following statement not true? 1g e-gold = 1g pecunix = 1g e-bullion = 1g goldmoney Comgold would step into fiat territory if multiple metal bases were included into it - such as e-silver, e-bullion silver, e-platinum, etc... Because, how many grams of silver equal one gram of gold? Viking Coder ____________ http://www.2cw.org/?VikingCoder --- 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.
