The issue of identifying people is not the issue. The real issue is with mishonoring created credit on or to a stolen credit card. E-gold started out in the right direction in dealing exclusively with funded accounts. Can't spend what you don't have. Like cash in the pocket. Credit cards are a license to access (via a sponsoring bank or agent) fractional reserve banking (creation of credit) on a personal level. This is a bogus scheme based on a prior bogus scheme - fractional banking. Bogus money created from bogus money is still bogus money. Many people are "forced" into a stealing situation because they do not have sufficient "money" to survive on. This desperate situation was created by the same fractional reserve banking through endless creation of more and more credit backed by nothing. The result is inflation which destroys the value of "money" thereby forcing people to get more - all the time - getting more - to maintain any given standard of living. (Raw greed for power to satiate fear is something else again.) The solution is not in dealing with effects (credit) of a corrupted system. The solution lies in trashing the culprit and beginning anew - on solid financial footing - GOLD or other commodities. With asset based wealth there is no inflation and no consequent pressure to "get more". Personal honor is restored and the general system has permanency. There can be no theft through credit card smoke and mirrors. The solution then (IMHO) is to trash the existing system - or refuse to deal with it at the same time replacing it with asset based real money. Anything short of a total reconstruction is stirring the pile into a greater mess. E-gold is on the right track. With such a system identification is a mute issue as it ought to be. S/He who owns the login and password owns the gold. More credit (with its attendent problems) is not the solution. Wider access to (verifiable) assets promise greater freedom and stability. -- Regards, Dale Pond Delta Spectrum Research http://www.SVPvril.com Sympathetic Vibratory Physics Sacred Science - Sacred Life SVP Discussion Forum: http://www.egroups.com/list/svpvril/ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
