Regarding [EMAIL PROTECTED] Sat, 04 Jan 2003 11:22:25 -0500 Subject: [e-gold-list] Re: [dgc.chat] New DGC - VirtualGold
IAN: I thought the statement about gold backing was a little bit dubious, as e-gold is accounted for in troy ounces, not grams, although it is also spendable in units of grams and a bunch of currency equivalents. Also "gold grams" is suggestive of GoldMoney gold grams. RE: We could have used Troy ounces if we wanted but we wish to use grams. I don't think there is anything wrong with that. Is there? "Gold Grams" is not suggestive of GoldMoney "GoldGrams" is. We simply use the term "Gold Grams" to mean that the gold is stored in e-gold as grams. IAN: Certainly even though e-gold = 100% gold, and VirtualGold is claimed to be 100% backed by e-gold, as is the case with 1MDC. It should be made clear on the web site. RE: I certainly agree with this after all and I will make that change on the front page, however on the other pages of the site we clearly indicated it. IAN: The statement about "is converted to US Dollars to facilitate easy spending on the internet" I thought was even more uncertain! It certainly does not inspire confidence that the system will be as easy to use as e-gold for spending in weights valued in quite a few different currency units. Of course, nowhere would e-gold make a statement that the e-gold was actually converted into US dollars or some other currency. RE: Like I have stated before right now we only use US Dollars to perform transactions. Later we will add all the various currencies. When you log into your VirtualGold account you will see your balance displayed in USD and Grams of gold, so at all times you know how much value of each you have. We use the USD for transactions because it is more used than grams or troy. I hardly see a web hosting company, for example taking xgrams or xtroy per month for their services. When we see a lot of those situations then we will consider doing transactions in weight. Our system will be as easy to use as e-gold:-) IAN: VirtualGold has a long task ahead to earn the trust of DGC users, let alone prove their statement: "The VirtualGold system will provide more features than any other DGC online." RE: We certainly do have a lot to prove and we will. --- 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.
