"'I did not realize freetraders was based on e-gold, or a currency.'

Not per se, but they do have Units of Exchange and it appears e-gold to be
a favorite of the things people exchange UoEs for."

FreeTraders.org's barter credit is valued against the spot price of gold
(1 trade credit= 0.10 grams of gold) but it is not a backed or redeemable
currency in and of itself.  While the FT.org trade credit has caused some
skeptcism and even controversy among some, it is worth noting that five
minutes alone with your Google will teach you that virtually every barter
exchange in the world has some sort of in-house currency not redeemable
for anything but trade with other members who accept it -- the only
difference is that the great majority of other barter services peg their
credits' "face" value to the USD rather than gold.


Frank



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