> "'I did not realize freetraders was based on e-gold, or a currency.'
FreeTraders does provide its own in-house currency that is exchanged between members as either payment for the differential of trade values or to directly purchase goods or services. > FreeTraders.org's barter credit is valued against the spot price of gold > (1 trade credit= 0.10 grams of gold) but it is not a backed or redeemable > currency in and of itself. FreeTraders trade credits are a gold-denominated digital currency known as "Goods On Demand" or G.O.D. It is not entirely accurate to say they are not a redeemable currency. While it is true they are not backed by any stored value, nor are guaranteed redeemable in any other currency, they are a currency redeemable between members for goods or services. Members acting as third party market makers have also provided exchange to a variety of e-currencies including e-gold. They have also been used to purchase and load debit cards. >While the FT.org trade credit has caused some > skeptcism and even controversy among some, it is worth noting that five > minutes alone with your Google will teach you that virtually every barter > exchange in the world has some sort of in-house currency not redeemable > for anything but trade with other members who accept it -- the only > difference is that the great majority of other barter services peg their > credits' "face" value to the USD rather than gold. The key point here is accurate... FT.org trade credits are an in-house, private, digital gold currency redeemable in trade between members. Most skeptcism or controversy relating to our currency relates to valuation or lack of physical backing by gold reserves. If one recognizes money or currency as "anything which is accepted as a medium of exchange"... be that sea shells, paper, coins or credits... then trade credits exchanged between members certainly qualifies as currency, money and value without any need for backing by any other currency. The value is fixed at one tenth gram per 1 G.O.D, so the value is pegged to gold, offering the same advantage versus paper currencies as other DGC's. Our advantage is there is no need to incur the costs of storage, certification, insurance or exchange rates. Our disadvantage is it is a private currency for use in a closed system and so cannot be exchanged universally. The other primary source of skepticism stems from not understanding the form of organization and the advantages it offers. Our organization is as a religious order, a church, organized entirely separate and apart from any nation or state. Separation of church and state offers members immunity from governmental intrusion of their private affairs. We owe no allegiance to the state so our members are free to exchange value one to another in complete privacy without government regulation or taxation. This explains why we are open to members only, and although internet users tend to resist membership in anything, it is the only way to offer the protection of the church. While DGC users seek freedom from governmental tyranny, the skeptics seem unable to envision that a church is the ideal sanctuary for freedom. FreeTraders is a service provided to members of International Order of Freedom, "an international order of individuals and organizations dedicated to building a free, open and competitive economic system based on the free and unrestricted exchange of goods, services, information, and ideals." Members freely trade any goods or services in exchange for any combination of goods, services, paper currencies, ecurrencies or trade credits. Our trading platform enables members to post anything of value for sale or trade, accept offers, and counter any offer. The negotiated transaction platform is ideal for bartering any and all terms until satisfactory to both parties. Trade credits are provided as a convenient, alternative online currency utilized by members. Online payment processing is also provided for e-gold and gold money with more to come. We offer our members freedmom, privacy and unmatched flexibility in exchanging value online with trading partners across the globe. Our doors are open to any individual, company or organization worldwide who wishes to adopt our ideals and utilize our services. Visit FreeTraders at http://www.freetraders.org --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
