Of course, the serious point in this discussion has already been made, so I am restating it more briefly, that as land does not possess essential properties of money (divisibility, fungibility, redeemability) it cannot operate as money. There cannot truly be an e-land currency as there is the e-gold currency.
The operation of having electronic shares of value backed by a diversified portfolio of land is nothing more than having shares in a property trust. The operation of exchanging shares in land for goods and services is therefore barter and not a cash transaction. The exchanger will always have to consider will they accept these particular property shares for the goods they are selling, and will they really be able later to exchange them for an equal value of other goods or services in the future? Regards, Ian Green --- 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.
