>On the public balance page there is one account with
>a balance of negative 7.7 oz of silver.
>I wonder how many other accounts with negative
>balances there are and
>how that is reflected on the examiner.
>
I only explanation I can come up with that would explain a negative balance would be
the storage fee. Once a month the e-gold accounts get charged a 1/12% storage fee for
the average balance they maintained over the past month. So a person who has a large
balance of metal in their account can spend from their account to another one of their
own accounts and bypass the storage fee. The metal gets sent to a new account and the
old one gets hit with a storage fee. Since the old account now has a 0 balance, after
the storage fee it comes down to negative.
However, when examiner totals up the amount of metal in circulation, the negative 7
ounces, for example, get crossed out by 7 positive ounces. This results in the
examiner showing 7 ounces less in circulation then there actually is.
All of a sudden, there can be 7 less ounces of physical metal in reserve then there
is e-metal in circulation.
It would be interesting to see how much negative metal in circulation there actually
is.
Khurram Khan
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