> Your scenario suggests that the victim would be WORSE off with GoldMoney,
> having no recourse at all because the $2 million is not a "liability" of
> GoldMoney.

Right, but if someone lost $2 million in the E-gold system, and a judge
subsequently ordered E-Gold LTD to compensate the victim, using the gold, if
necessary -- then the integrity of the E-Gold system would be compromised
for the other users.

The gold must NOT be thought of as an asset of the corporation operating the
currency.

Craig (SnowDog)



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