Hi techies and less-techies,

Responding to Michael Moore...

> Not that I am a proponent of Paypal nor am I a 'Techie'  but I see that
> paypal instantly notifies you when a deposit has been paid into your paypal
> account.

That also doesn't go as proof; email is too simple to fake.
Mind you, it's always possible to login and check, but that's extra work
that can be easily avoided in my eyes -- a PGP signature enables verification
of an email's origin and integrity (making sure that is has not been altered).

If an email arrives with a PGP signature by e-gold, or PayPal, then it's a
proof that a deposit has been made. In my view, it'd be a nice feature from
payment systems to provide this. So that a proof of payment can be grabbed
off the web interface and forwarded over email -- if the web interface is
done properly, this retains the PGP properties.

Meaning, you receive an email and your PGP-aware mail tool verifies that it
is authentically signed by e-gold, and you know for sure that the payment
is in your account. No need to mistrust email, no need to login and check.

> How about when a payment is made to an e-gold account....the holder gets an
> email  to indicate so?

Normally not. GoldMoney does have that feature (but I didn't try it yet).
Both systems will however submit an email, or upload a web page, when a payment
is made through the SCI / OMI.


What I'm proposing is to make it simple for a market maker like yourself to
submit a _proof_ of payment without any more effort than you currently put
into it -- you just grab the payment notice from the website and, for those
who care, it contains a solid proof of the payment.

The paying party would just copy+paste the following off the website, only
signed with e-gold's PGP key rather than mine:


-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

e-metal payment confirmation: Batch 4610192
Paid To:  143766 (vanrein)
Amount:  123.37 Australian $' worth of Gold
Memo:  For paypal amount - beamed up Cap't
From:  129542 (Goldtoday)
Actual payment weight = 0.230513 oz. (7.169754 grams)
Applicable Conversion factors:
1 oz. troy = 31.1034768 grams
Gold exchange rate = 535.20AUD/oz.
The e-metal payment was successful.
Your batch number for confirmation is 4610192
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.0.6 (FreeBSD)
Comment: For info see http://www.gnupg.org

iD8DBQE8Hc2gVVg0GvW60c0RAm6vAKCQ+ToNtJrKzCZ3ZHAEIJzH2jaHPQCfTmYP
jxNhputVzuxt/hzmCJ4I4Ig=
=tGPy
-----END PGP SIGNATURE-----


Such texts may be inserted anywhere in an email, and they actually
constitute proof of payment (and not just a notice that you should verify
on the website). Sheer comfort if you ask me!



Cheers,

Rick van Rein.

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