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Old 2004-06-19, 03:59 PM   #18
Feynman
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Join Date: Jun 2004
Location: Montreal
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Anyone ever tried egold as payment method?

Visa is not cash payment. They act as escrow agent, and thus, any problem bites them back.

But so are all other credit cards.

By charging more, charging upfront, and charging all the time, I have a hunch they are playing a dangerous poker game and have a good chance of winning.

Gold transactions are not reversible, for they exchange tangible assets, not promises to pay.

The present monetary system is devoid of true lawful money of account (as per definition). What is used as money is promises to pay money. Take any bill from the any central bank: they are bank notes. Note: an unconditional promise to pay. Pay what? The promise to pay itself.

Gold one of the few true hard currencies. Unfortunately, it's a hassle to use at the moment.
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