I have strong issues against using smart cards. Widespread, everyday use
of smart cards will be an end to the few remaining shreds of privacy that we
still have. Why not simply implant microchips into everybody? It is
basically the same thing.
Actually, that isn't necessary. Dr. Stephen Brands
There's a fourth way - they could have just eaten the $10 and paid it out to
keep a happy customer.
- Original Message -
From: Viking Coder [EMAIL PROTECTED]
To: e-gold Discussion [EMAIL PROTECTED]
Sent: Thursday, May 24, 2001 1:29 PM
Subject: [e-gold-list] Re: How is this for service!!!
It is true that by having a pay to account number that is different from
the spend account number, it would make it much more difficult to hack
accounts. It would also make audit trails more complicated.
Public key authentication would be far superior. Because the hacker would
need to obtain
We've been over this before, and my response is the same: It does not solve
the real problem, which is that a fool and his password are soon parted. The
only effect of such a system would be to change the nature of the scams by
which passwords are stolen, _and_ it wouldn't foil a keyboard sniffer
Julian's law of security: nobody but spooks will pay for security that
calls them an idiot.
Good software makes the security virtually invisible. People don't mind
carrying cards around in their wallets. They already do. If someone
produced software and smartcards that were EASY to use it
For both types (smart cards):
- cost and hassle of getting cards
- hassle of guarding cards from pickpockets and burglars
- hassle of making sure you always have your card when and where you need
it
- hassle involved when you inevitably lose your card
This is arrayed against a plain
Unfortunately, this is not quite accurate. All digital bearer instrument
schemes require a central clearing mechanism to prevent double spending.
This
amounts to an account based system. Such systems can be PKI based and so
are more secure than e-gold. But they, also, can be spoofed and
There is a simple and highly effective way of defeating keyboard sniffers
on a simple everyday internet browser interface. Unfortunately I am not keen
to divulge the details because it is a feature of the new Pecunix interface
currently under development.
Yes, it is called a keypad on the
Does anyone know what happend to Metal Savings? What about Pay by Gold?
HK
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Back to Paul Valhur's question: the reason that it does matter whether GSR
invests in or allows fractional reserve schemes backed by e-gold is this:
These fractional reserve schemes create money (digital bearer-held notes, or
book-entry) using the denomination "grams of gold". This ethergold
I just noticed on the e-gold examiner that the total reserve is at 43,600.
Last month it was up to 46,000. That's a 5% drop. Any guess as to why?
Negative publicity from the SS raid on Parker Bradley?
HK
Protect your
It is a subtle form
of theft. It breaks the command "thou shalt not steal" which is
fundamental
to the success of a free-market economy.
There is no such commandment neccesary. The free-market economy is
capitalism with instant communication via the net and without government
Interesting article:
http://www.goldeconomy.com/compare.htm
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It's funny how every new gold currency company on
the block touts themselves as revolutionizing global commerce by providing
instantly-clearing currency transactions. This claim of having something
new and earthshaking is made by Standard Reserve, GoldMoney, and Pecunix, to
name three.
George M of SR writes: "You are assuming there are only 500,000 potential
users."
The assumption was only for the purpose of illustration. It doesn't matter
if there are 500,000 users, or 500,000,000 users. If all of the gold
currencies are compatible with each other, they all have access to
Speaking of the safety of the gold, there's an
article on the subject on goldeconomy. http://www.goldeconomy.com/arch2.htm
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I called Parker at his house and cell phone #'s but no one answers and there
is no answering machine online.
HK
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Parker's web site, www.gold-age.net is also
offline.
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1. Is there any market maker providing a convenient
way to convert Standard Gold to e-gold? Standard Reserve conveniently
allows e-gold spends into SR accounts but not vice versa. This is really
annoying.
2. Does e-gold have any public stats over a longer
time than 24 hours. How would one
Did you do a reverse IP lookup on the mystery address? The Freedom Network
alows users to surf anonymously and choose the freedom server from which
their IP address will appear to originate. That is one possibility.
www.freedom.net
HK
James Turk applied for his patents in 1993. E-gold began operation in 1996,
so e-gold cannot claim prior art.
I've read the patents and am unconvinced that there was any unique
invention. He simply put together accounting, a computer, a network, and
gold as the medium being accounted. But
There is an article by James Turk mentioning his patents on the front page
of www.goldeconomy.com this week.
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