[e-gold-list] Re: DGC, OSgold, exhangers, judgements - CaveatEmptor
... I used the term DGC a bit more loosely, as it seems to be becoming a common practice, even for currencies that have no known backing and dubious backers Robert's right, it's an excellent point. The fact is DGC does not at all MEAN actual gold or 100% backed or anything like that, and as Robert says the other fact is DGC is often used to mean quasi-gold systems, OSGold, evocash or the like. DGC is no good anyway, because, who says it is or should be used as a currency? The fact is it's gold that you can transfer ownership of on a web page -- the fact that that leads to it being USED AS (sometimes) a currency, is just a benefit. I killed off the earlier GBC (remember that?) since it contains the word backed which implicitly means fractional reserve (even if it's 100% backed that;s not the same as actual gold we store for you) (For instance, a 1% backed GBC would be a GBC.) I suggested at one point using some sort of complex acronym, it was something like .. FAGWANE -- fungible actual gold [--forget these two letters--], no encumbrances Other catchy ideas are say, AGOTBI (Actual Gold, Ownership Transferable By Inernet) Then there's the gaining-in-popularity IG -- Internet Gold which is fairly direct. (It's Just gold and that's it - it's internet-type gold, but it's just gold) althogh it is not absolutely positively an explanation of the situation (like FAGWANE or maybe AGOTBI) The very point is that the ideal acronym or name (maybe internet old) should very specifically absolutely reject the notion Pay me five grams of AGOTBI at this time if anyone liked this post :-) -- --- 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.
[e-gold-list] Re: DGC, OSgold, exhangers, judgements
On 11 Jun 2003, at 1:26, Robert S.Z. wrote: OSGold was never a DGC. It was, from the beginning, a scam -- nothing else. You are right that in reality it never was backed by gold, of course, although there were intial claims that it would be. It has nothing to do with whether or not there was backing. It was a just a scam. They took people's money under false pretenses for the sole purpose of stealing it. Someone who offers to sell debit cards for the purpose of taking whatever money gullible people send and keeping it is not a merchant with a low inventory; he is a thief. Best, CCS -- - Virtual Phonecards - Instant Pin by Email - - Large Selection - Great Rates- - http://speedypin.com/phonecard/start.html?af=743 - -- ** * Craig Spencer * * [EMAIL PROTECTED] * ** --- 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.
[e-gold-list] Re: DGC, OSgold, exhangers, judgements - Caveat Emptor
Dear Robert S.Z., Your post makes an error in regarding OSGold as a DGC that failed. OSGold was never a DGC. It was, from the beginning, a scam -- nothing else. The amazing thing is that the crooks were able to keep running their scam for over a year. Best, CCS -- - Virtual Phonecards - Instant Pin by Email - - Large Selection - Great Rates- - http://speedypin.com/phonecard/start.html?af=743 - -- ** * Craig Spencer * * [EMAIL PROTECTED] * ** --- 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.
