At 12:52 PM +0300 6/29/03, FileMatrix wrote: >James wrote "Oh yes it does. e-gold has/had/will-have 0 (no, zero) bank >accounts. A plastic card relies on banks" > >An E-gold debit card, as I see it, doesn't implicate any bank. The card
Well, if merchants are going to accept it, it has to -- unless we're assuming they're willing to entirely-convert their lives to grams. If I walk into a shop with a plastic card denominated in grams, I'm not going to get very far. e-gold knows only weight, fiat currencies aren't e-gold's responsibility or concern, so if it's an "e-gold card" it's grams, and some independent bank either will or won't accept them I guess, but e-gold is a bailee and can't also be a bank. >simply contains digital information about how to access an E-gold account. >So, the card doesn't actually contain the amount of egold, but simple access >information: user name and password; it's like a door key. As I said, each >E-gold account must have a special "use" attribute because nobody must be >able to transfer / steal money from a card to an another account, unless >that account belongs to a business that accepts debit cards; the "real life" >accounts have balance limitations. So, a transaction is simply the transfer The accounts that get balance limits are being told "go away." Not all e-gold accounts get them (in fact, the vast majority don't). Scams and spams tend to be the main targets here, from what I've seen... >of information from one e-gold account to another, without human >intervention. This means that there must be an accredited (by E-gold) >hardware device which may perform the transfer online (with SSL and all), >using tight E-gold system integration. No matter how tight the integration is, and how locked-up the grams (I keep saying that word...) are on the card, when-not-if the price of gold fluctuates madly (up or down, it doesn't matter!) there WILL be problems. These problems need to involve (banks, users, etc. just as long as they don't involve e-gold!!!). If the merchant already has an e-gold account I see no need to involve a plastic card. Besides, I'm thrilled with all the independent competing plastic cards using e-gold as a funding-method. Why would G&SR want to compete with (or in any way discourage!) them with some sort of "official" e-gold card? (It's probably a very-tough business, anyway!) ... >previously accepted to receive it. The sites that offer "get paid to read" >usually have 0 rank and there are lots of them around, with many people >registring only to get a few cents per email, not because they are really >intereseted in the content. I trust more someone who reads an email without >being paid to do that. GPTR sites are much newer than the inventors of double-opt-in, and there are lots of them (some unsavory -- like in all business!). I'm not sure which kind of reader is more interested in what content, but I'm not likely to read ads for free if I can avoid it & get paid, instead. The money that goes to GPTR stuff is ALL money that doesn't/can't-go to spammers -- it's the uncovered-story of the decade. JMR --- 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.
