> i think you describe a 3rd party e-gold escrow system perfectly well! the > community needs such a system - go for it! (or get escrow.com to accept > e-gold as one of their payment mechanisms.) > > however, when you "repudiate" an online payment you deny making it. by > repudiating a payment you attest to never having made it in the first > place. (i.e. you claim it as fraudulently initiated). > in your example, no one ever denies making a payment - i.e. > there is no repudiation. it is an escrow system, that in fact relies on > the underlying *non-reputability* of the payment system being used. > if you change your wording to not use repudiate/repudiation and switch > over > to escrow based wording i think your example is consistent.
In past discussions on this topic I always used the term 'reversible payment' , but then others corrected me and said I should call it repudiable. Look, English is my third language so i am not well acquainted with these terminology. I think it is clear from my description what I meant, and that's what matters to me. At least I am happy that now it seems understood what I was saying. The mechanism does indeed use an escrow system, but I would not put the emphasis on that word to market the system, just like creditcard companies are also not marketing their system as an escrow service. So, I would call it a payment system , which can facilitate reversible spends. The built-in escrow service is really only a part of the package. Danny --- 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.
