[e-gold-list] Re: gold itself

2003-08-20 Thread Asiana Gold
SnowDog Wrote: The redemption process is essential to the function of a system like e-gold. Without the ability to remove gold from the system, all confidence in the system would be lost, and no exchanges would be possible. Amazingly you could have exchanged your e-gold for gold nuggets at belo

[e-gold-list] Re: gold itself

2003-08-20 Thread James M. Ray
SnowDog wrote: ... The redemption process is essential to the function of a system like e-gold. Without the ability to remove gold from the system, all confidence in the system would be lost, and no exchanges would be possible. ... Some of the problem might be that not everyone here was around fo

[e-gold-list] Re: gold itself

2003-08-20 Thread SnowDog
> >Redemption should mean > > I think that "should" says it all! In the case of E-gold "redemption = > exchange" because the value is the same in both cases (of course, I have no > proof that the gold really covers 100% of the egold). I don't agree with this. Redemption is the process of removing

[e-gold-list] Re: gold itself

2003-08-20 Thread FileMatrix
Dear Jim The "100% back by gold" is in the banners of E-gold. It is their welcome message. >Redemption should mean I think that "should" says it all! In the case of E-gold "redemption = exchange" because the value is the same in both cases (of course, I have no proof that the gold really cover