Subject:
Advanced Online Banking, Born of Necessity
Date:
Sun, 25 Mar 2001 06:46:57 -0500
From:
"R. A. Hettinga" [EMAIL PROTECTED]
To:
Digital Bearer Settlement List [EMAIL PROTECTED]
http://www.nytimes.com/2001/03/25/technology/25BRAZ.html
Actually, I overlooked point c. in the contract. I guess there will be a
percentage premium charged by Hansa bank when purchasing Hansa
dollars.
~ Vincent
conditions_purchase= *
{
a) All Purchase requests must be accompanied by a WebFunds account
number. Purchase requests should be
Perhaps you could trade Hansa dollars vs. e-gold (I am not certain just
how much of the Systemics Trader actually works). But I don't think that
would really solve your problem. It would just relocate the problem: how are
you going to get Hansa dollars? You would now need a market trading
I have to admit I had not considered the possiblity of obtaining Hansa
dollars to be a problem.
Vincent, having lived/banked in Anguilla, I would say a wire transfer
is the easiest thing in the world!
From the contract, it is clear that the best thing a market maker could do
is open an account
It would just relocate the problem: how are you going to get Hansa
dollars? You would now need a market trading dollars (the ones
you have) for Hansa dollars. Does anyone have them? Is anyone
selling them? Is buying them any easier or cheaper than buying
e-gold?
Surely some market
I doubt that the market maker fees for Hansa-dollars would go down,
as you envisage, below those for e-gold. The reason, in both cases,
is the same: the risk taken by the market makers in selling hard
money (Hansa-dollars or e-gold) for soft money. The crooks would
prey on the
