Patrick,
Your charts shed some important light on the subject that the transaction
volume alone did not show. Where did you obtain the number of spends and
other data?
The additional information you provided with the average spend size and the
number of spends is very enlightening for the
Does dismissed without prejudice mean that GoldMoney has the option to
bring the suit again at a later date?
If it is so crystal clear that e-gold is infringing upon the GM patent, then
why does GM require a stay in order to prove it? It should have been pretty
simple if GM actually had a
So, if GM can bring the suit again in the future it still isn't a dead
issue. Both sides are trying to spin this as if they won something, when
really it was a stalemate.
I guess we will probably see round two of the match sometime next year...
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In GM's press release it is interesting that Mr. Turk framed the patent
issue as if it has some relevance to the failure of Standard Reserve and OS
Gold. His comments suggest that he view GoldMoney's role as being the
ethical police force of the gold currency industry.
Really a patent has
Please give me one reason why I should not be gravely dissapointed in
hearing that you are basing the New Debit card in the most Gasthpho
Country since Germany in Wold War II? The IRS here is compleatly lawless.
This may be true.
However, it doesn't matter where in the world your debit card
I've been keeping a running guestimate of the size of the gold economy for
the past couple of years. I'm working on updating it.
Does anyone have any reasonable records as to e-gold's average daily
transaction volume in USD equivalent?
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The systems in place today can only handle a certain transaction volume. If
the rate of growth is too fast then the system becomes overloaded, customer
service response time becomes inadequate and customers are displeased.
If the gold economy is to support mission critical business applications
Hello Art,
All I am saying is that a sudden increase in transaction and sales volume on
the order of 200 - 1000 percent requires an upgrade in hardware and possibly
software.
Steady growth, maybe 100% per year or less, is preferable to sudden
exponential growth.
A house built over a year is
George,
Why do you say the gold economy seems to be falling apart? Business is
booming as customers from the companies that bombed have gone over to the
remaining companies in the field.
Ken
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Dave Brooks makes an excellent point. The gold economy is like a sapling in
a forest of oak trees.Very little light gets down to the forest floor
because the big oaks shade it out.
Right now we are putting out a root system. The sapling doesn't look like
much but the network is developing.
Jim Davidson made some comments recently on this list concerning E-Bullion
customer service that bear some further explanation.
While we are very grateful for his positive comments regarding E-Bullion
customer service, it is important to clarify that The E-Bullion Company does
not perform
Just for the record, there is not any e-currency presently in operation that
offers anonymous transactions.
An account number is an identifier that in most cases is linked to data
including a name of the benificiary of the account.
If the e-currency company does not require the beneficiary name
Fellow members of the Gold Economy,
As you will all remember, on Monday a message was posted to the e-gold list
and Goldmoney list from Patrick of AnyGoldNow reporting that close to $3000
dollars was transferred from his account by persons unknown to him. Further
messages were posted during the
Stated more succinctly: information technology + financial cryptography +
weapons of mass destruction = the state is definitively obsolete, but no one
has realized it yet.
In 100 years no one will give a rip about democracy. The states will be so
small that it won't really matter. It will be
Precious metals dealers put a bid and ask price on their web site to
indicate the price spread of buying from or selling to that particular
dealer. Kitco, being a dealer has a bid and ask price. Maybe the tech who
put the graph together didn't understand that fact.
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Has anyone used the Visa Electron card issued by Cardster and fundable with
gold currency?
http://www.cardster.net/anonymous_offshore_visa_electron.htm
What do you think of this company? I noticed the application form is not a
secure page. That worries me as to whether the company is legit.
http://quote.yahoo.com/m2?u
How interesting. Look at that chart of world stock market indices. With the
exception of Peru, all of the countries experiencing falling stock markets
have embraced strong population control measures, either voluntarily, or in
the case of China, involuntarily.
The
Doug Jackson has personally told me on two occasions that there is more gold
in the trust than the amount of e-gold on the books. Assuming that this is
still the case, the extra gold is owned by the trust for the benefit of all
the
account holders.
Since the trust owns the gold bars for the
Eventually they need to very simply explain why the e-gold trust has
- simple fact - *too much gold in it* (note point ii before
responding, dear readers!)
Again, anyone who can do so, please simply state in English typing
what that extra gold in the trust is.
(If you don't DEFINITIVELY
All this made me realize that there is only 1 form of true money;
physical gold in your own safe.
You are technically correct. Money is defined as a physical commodity that
is most easily exchanged for other things.
Gold and silver are money.
Notes denominated in gold or silver are money
Hello Claude,
Why? WHat exactly in the user agreement should be changed so
its constitutte true title. I read it many times and it seems clear.
The GM user agreement is fine, as long as they can deliver on the promises
made in the user agreement. Their current system cannot deliver on one of
I would like to try to clarify a question that Claude Cormier raised with
regard to GoldMoney versus e-gold or any other gold currency, including
E-Bullion.
All of the gold currencies other than GoldMoney claim that their account
system represents promises to pay a certain quantity of gold (or
Patrick,
Two or more people can share title to an object. But neither/none have
clear title to the object. The group has clear title to the object.
Therefore they own it corporately. GM bases its claim on the idea that the
holder owns clear title to the gold object in the vault so that
I have posted two new articles on The Gold Economy.
1. Digital or Just Gold? - by Ken Griffith
Looks at the history of gold currency transactions and proposes a different
terminology for e-currencies.
http://www.goldeconomy.com/article.php?sid=187
2. Title, Claim Risk - by Ken Griffith
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