On 12 Apr 2001, at 12:48, [EMAIL PROTECTED] wrote:
I think your solution is more drastic, Claude, and would probably
need a policy decision from GSR.
I agree. But it is a solution that make sense. If we want to promote
the idea that this new digital currency system is grams-based.
Claude
-
Introductions and Open Discussion
E-Gold and other Alternative Currency Systems
Problems and Tradeoffs in Public Key Infrastructures
E-Gold and other Alternative Currency Systems
E-gold has enjoyed increasing success as the first viable
free-market electronic currency. It is privately
tp://www.omnipay.net ], the company that
originally developed the e-gold system and currently serves as
Operator.
The more edifying reality is that e-gold is the worlds first
electronic currency designed for borderless eCommerce, enabling the
worldwide use of gold as money. It merges the
in it.
But this brings up a problem. The more digital currencies that come
on the market, the more fragmented the market will become. Merchants
are not going to put multiple shopping carts on their web sites.
The gold currency companies need to get together and come up with a
system
/news/politics/0,1283,42745,00.html
Secret Service Raids E-Gold
by Declan McCullagh ([EMAIL PROTECTED])
11:10 a.m. Mar. 30, 2001 PST
WASHINGTON -- The Secret Service has raided a New York state business
that exchanged dollars for grams of the digital currency called
e-gold
electronic currency designed for borderless eCommerce, enabling the
worldwide use of gold as money. It merges the digital transaction
efficiencies of an electronic payment system with a universally
acceptable basis of value.
The advantages of e-gold include:
Low transaction fees The maximum
. The more
digital currencies that come on the market, the more fragmented the market will
become. Merchants are not going to put multiple shopping carts on their
web sites.
The gold currency companies need to get together
and come up with a system that allows one shopping cart to work for all
Subject:
Advanced Online Banking, Born of Necessity
Date:
Sun, 25 Mar 2001 06:46:57 -0500
From:
"R. A. Hettinga" [EMAIL PROTECTED]
To:
Digital Bearer Settlement List [EMAIL PROTECTED]
http://www.nytimes.com/2001/03/25/technology/2
and US$6,500,000. PECUNIX Venture Holdings Inc will
Negotiate the acquisition of 51% the Shares of PECUNIX INCORPORATED.
Why are they trying to raise 6.5 million dollars to build another Digital
Currency, when E-Gold and GoldMoney did it for only a couple hundred
thousand dollars?
Craig
---
You
Why are they trying to raise 6.5 million dollars to build another Digital
Currency, when E-Gold and GoldMoney did it for only a couple hundred
thousand dollars?
Probably because they are trying the old maneuver of 'if a few hundred
thousand dollar startup funds did this, then we should
I seriously doubt that they did it for a couple
hundred thousand.
If they did, then no wonder about all the flaws.
Maybe these people want to do it right? :-)
Dagny Taggart
Why are they trying to raise 6.5 million dollars to
build another Digital
Currency, when E-Gold and GoldMoney did
--- "Viking Coder" [EMAIL PROTECTED]
wrote:
Why are they trying to raise 6.5 million dollars to build another Digital
Currency, when E-Gold and GoldMoney did it for only a couple hundred
thousand dollars?
Seriously, what makes you think that e-gold and GoldMoney s
[Note from Rachel: this is based on the same technology as DigiGold]
PRESS RELEASE
FOR IMMEDIATE RELEASE
Edinburgh (UK), Anguilla (British West Indies), 15th March 2001:
RECENT INTERTRADER AND SYSTEMICS
ALLIANCE BRINGS FORTH DIGITAL DOLLAR
FROM HANSA BANK
Rachel Willmer, CEO of Intertrader
Subject:
ip: Dollar Could be Headed for Hard Times if OPEC Switches to
the Euro
Date:
Thu, 15 Mar 2001 16:28:15 -0500
From:
"R. A. Hettinga" [EMAIL PROTECTED]
To:
Digital Bearer Settlement List [EMAIL PROTECTED]
...From the Grain of Salt
So, what percentage is maintained in reserve to back the currency?
(Or, do you not give out that information.) (Which would be
perfectly reasonable .. banks don't!)
The liability level is from our point of view as issuer. This is the level
of customer digital accounts. The asset level
Reserve Gold - question
So, what percentage is maintained in reserve to back the currency?
(Or, do you not give out that information.) (Which would be
perfectly reasonable .. banks don't!)
The liability level is from our point of view as issuer. This is the level
of customer digital accounts
Is not StandardGold backed by a primary liquidity reserve of e-gold,
digigold or other electronic gold currency and by a secondary earning
reserve of gold denominated investments with the split between the two
reserves determined by issuer policy? I don't mind this arrangement
provided
for a third patent is pending. The awarding of these
patents acknowledges that GoldMoney is advancing the
prior art. Namely, we have created a more advanced,
and therefore better currency than the currency that
now exists. The patents illustrate why GoldMoney is a
currency that is ideally suited
ceived two digital gold-related patents:
5,671,364
Method and system for commodity-based currency for payment of accounts
and elimination of payment risk
(issued September 23, 1997; a Continuation-In-Part of application Ser.
No. 08/015,588, filed Feb. 10, 1993; abandoned Jun. 6, 1995.)
Abstract
Subject:
The IMF Fails Again
Date:
Mon, 26 Feb 2001 08:25:36 -0500
From:
"R. A. Hettinga" [EMAIL PROTECTED]
To:
Digital Bearer Settlement List [EMAIL PROTECTED]
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsjsubU
Gold Economy is certainly to cover these new gold currencies. We will
cover all gold-based digital currencies that arise.
And Standard Reserve will soon be announcing its new offering being THE
EXCHANGE that provides you with E-Gold, GoldMOney, acess to 3P, Standard
Gold, USD, and other
Policy Digest 2-9-01)
Date:
Fri, 9 Feb 2001 23:21:14 -0500
From:
"R. A. Hettinga" [EMAIL PROTECTED]
To:
Digital Bearer Settlement List [EMAIL PROTECTED]
References:
1
At 11:10 AM -0
Subject:
ip: Fwd: Fw: U.N. seeks to tax international currency trades
Date:
Thu, 1 Feb 2001 06:42:05 -0800
From:
"R. A. Hettinga" [EMAIL PROTECTED]
To:
Digital Bearer Settlement List [EMAIL PROTECTED]
--- begin forwarded text
. There is no brokering and there is
no leveraging. You're buying a private digital currency backed by gold. This
is not a regulated industry in the US.
Craig
---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]
) This is not a Commodities' Brokerage. There is no
brokering and there is
no leveraging. You're buying a private digital
currency backed by gold. This
is not a regulated industry in the US.
Craig
=
Dagny Taggart
__
Do You Yahoo!?
Yahoo
/webfunds.html
" ... where we are going with this whole digital money thing."
http://www.bearerinstruments.com/search.php3?Cat1=EconomicsCat2=PublicationsCat3=Cat4=
For some it might be time to move on to other parts of the
AUG economy infrastructure. e-gold makes a neat, for a lot of people,
hig
E
Edinburgh, 15th January 2001:
INTERTRADER AND SYSTEMICS INC
ANNOUNCE STRATEGIC ALLIANCE:
Digital Currency Players Announce
Strategic Alliance to focus on
emerging Online Trading market
Intertrader Ltd (Edinburgh, UK) and Systemics Inc (Nevis, WI)
announced today that they have reach
it that way at all. The purpose of e-gold is to create an
international internet currency, NOT to defy the state. There are so many
good things that can be done with a digital, gold-backed, currency that
there should be no NEED or DESIRE to defy the state.
I am somewhat appalled by your comments. Don't take
forward
selling and
short selling of its asset (e-gold)?
EJ in answer to Major Bosco
currency. On the other hand, E-Gold may be more attractive to some,
because of its 100% gold backing. It depends upon your perspective
in the
future which "gold" you want to hold
So what is the a
uot;.
This means that instead of holding actual gold as the backing for Standard
Reserve holds "digital gold" as the backing for Standard Gold. This gives
Standard Gold potential that is simply not available with E-Gold. The
potential to use that digital gold backing to obtain growth of that
ing for Standard
Reserve holds "digital gold" as the backing for Standard Gold. This gives
Standard Gold potential that is simply not available with E-Gold. The
potential to use that digital gold backing to obtain growth of that asset
and therefore to be able to pass that growth onto the p
they were in the process. My first reaction was there were
too many competitors (51 private digital currency offerings - I
did my homework). However, I did see an opportunity that was not
addressed - the flow of money through the retail supply chain,
from the manufacturer, to the importer
At 04:20 07/12/00, Michael Moore wrote:
Sir,
This article in the Washtech.com is inaccurate.
To quote '...Rahn says that the e-gold group
(http://www.e-gold.com/http://www.e-gold.com ) is already preparing to
offer a digital gold system on the Web. Known as GoldMoney, the system is
due
said, very few e-commerce or physical world businesses accept
gold in exchange for goods and services, and there is a need to establish
widespread confidence in the financial integrity of a gold currency system.
In some cases this will need a digital gold currency to be fully backed by
physical gold,
Sir,
This article in the Washtech.com is
inaccurate.
To quote '...Rahn says that the e-gold group
(http://www.e-gold.com ) is already
preparing to offer a digital gold system on the Web. Known as GoldMoney, the
system is due to start shortly," he said'
is totally inaccurate as a
MR.Richard W. Rahn is somehwat mixed up in his story. Digital
Gold - e-gold - Goldmoney ? No matter what, such publicity is
great.
http://www.newsbytes.com/news/00/158978.html
Claude Cormier
Editor
"The Ormetal Report&
/3/cagold03.html
Gold becomes a cyber currency
By Edward Simpkins
THE oldest medium of exchange moves online this month with the launch of
GoldMoney.com, an internet currency provider that will allow users to pay
for products anywhere.
GoldMoney, based in the Isle of Man, says it has developed
Standard Reserve have released ten gold certificates that are ideal gifts
for holiday season. These first ten are numbered accounts 01 to
10. Currently Certificates 01 to 03 are being auctioned on
eBay. These Gold Certificates are predominantly for holding digital gold
over time
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