From: "Colonel Bosco" <[EMAIL PROTECTED]> > On to other examples... Your shares of Microsoft,, guess what? Corporate > Shares have SERIAL NUMBERS.
My broker does not know that I own three specific shares #12038375, #87289738, and #22703611. He only knows that I own three shares. > You may THINK you own the actual shares --- but unless you have them > delivered and REGISTERED to you,, then you only own a CLAIM to MSFT shares > in the possession of (and owned by)your broker. You don't own a claim. You claim to own. > QUOTE: > >Even a grid system does not help you here ... > ENDQUOTE > > Now you are finally seeing the light. You are EXACTLY RIGHT.... The system > DOES NOT EXIST, HASN'T BEEN BUILT, AND ISN'T IN PLACE, that complies with > the GM patent. The grid system will never be built because it is pointless. But if you want a grid system, here's one. Every day at midnight, the GoldMoney system devises a random mapping of each physical gold gram (as a cube) to a specific account number, proportional to account balance. The mapping is determined by sampling the random noise at http://random.org. There's your grid system. It works because each gold gram is equivalent. Geoff and James could take the trouble to implement it, but it is pointless. Now I did read the patent a long time ago, and I don't remember the part about individually numbering the gold grams. Would you be so kind as to direct me to the relevant section? > QUOTE: > >That's a damn good question. If you catch the fake and you know who bailed > >in the bar, you can zero out his account if he still has enough grams in > >the > Now this is interesting.... Are you saying that there is RISK IN THE GMN > SYSTEM??? Yes, there is always risk due to fraud, theft, or asteroid strike. The patent only mentions eliminating payment risk. Once you're paid, you stay paid. That's it. By the way, I haven't been arguing for or against the patent. I've been arguing that you can own 10,000 gallons of water without putting a serial number on each drop. -- Patrick \nat:pow=(\x\y nat:eq0 y [T] (nat:mul x (nat:pow x (nat:dec y)))) --- You are currently subscribed to e-gold-list as: archive@jab.org 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.
