Jeff wrote:
<begin mini-rant>
Hi! I do not know about monetary systems and US laws, but I think that a national currency has it's role. I also think that it should be backed by a physical agreed-on value such as gold, to prevent the government of the day to tamper with the monetary system. But what I think is very wrong with the actual system is the govt control over all other systems. Have you ever tried to raise capital for a technological venture lately? The govt enforces with its own guns a monopoly in favor of certain peoples we call stock brokers. The SEC and their counterparts in most countries is a nightmare to anybody who has a good idea, the knowhow to develop it and no taste for "smart" scheming with money. The SEC rules ultimate result is that it permits peoples to acquire money without accomplishing any productive work related to the creation of that money. I do not mean to say that the broker job is wrong, but the government gun that backs them up is. E-cash might be or might not be a violation of the current rules, I have no ideas. But I see infinite possibilities to finance small idea/knowledge rich and capital poor ventures.... I just downloaded magic money yesterday night and played with it long past bedtime. JFA Public Key at http://w3.citenet.net/users/jf_avon Jean-Francois Avon <jf_avon@citenet.net> 2048 bits key ID:C58ADD0D 1996/03/01 fingerprint=52 96 45 E8 20 5A 8A 5E F8 7C C8 6F AE FE F8 91