There have been discussions about a whole range of new currency possibilities. What if the working model of 1mdc is taken and expanded upon? Instead of a currency overlayed on a specific GBC, what would be the pros/cons of a currency redeemable (backed is too vague of a term) for any of a basket of GBCs?
You exchange 100g of e-gold for 100g of comgold. Those 100g of comgold aren't guaranteed to be redeemable for e-gold, but are guaranteed to be redeemable for 100g total of any of the currently underlying GBCs (17g pecunix, 13g goldmoney, 16g e-bullion, 14g 1mdc, 40g e-gold) due to the flux of in- & out-exchanges. pro: diversification of risk flip-side con: It's a weakest-link currency. If something happens, an operator runs with the gold, the vault is hit by a nuke, etc..., then it's a race to see who gets left holding the now-worthless underlying currency as everybody in the know is redeeming their comgold for one of the still-valid underlying currencies. Viking Coder ____________ http://www.2cw.org/?VikingCoder --- 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.
