Cypherpunks discover The Liberty Dollar...

[Bernard von NotHaus]

For more details check out:
http://63.126.1.222/Success.asp
http://63.126.1.222/AgOver10.asp

----- Original Message -----
From: "Jason Pratt" <jason at jasonpratt.com>
To: <cypherpunks at minder.net>
Sent: Friday, September 13, 2002 1:21 AM
Subject: Re: NORFED debated on the Cypherpunks mailing list.


> >The indexing of these things to Ag is truly fucked (
> >http://63.126.1.222/AgOver10.asp ). Apparently a $10 Liberty Dollar is
> >redeemable for 1oz of Ag which is today about $4.50. If silver goes over
> >$10 then they'll reset things to a $20 base. Er..what? I guess I didn't
> >study enough mathematics.
> >
> Hey Mike, it's simple. The silver base is the ratio of the FRN face value
to
> the silver content. It has to fluctuate because, unlike in every other
sound
> money period in history, you and I live in a time where there's a
> [relatively] free market for precious metals.
>
> >How the fuck are you going to make 40%? Especially in light of the sorry
> >fact that if you're dumb enough to buy these little buggers it's going
> >to be tougher'n'hell to find someone even more dumb to sell them to at a
> >profit.
> >
> Except that there are 1,500 Redemption Centers and over 10,000 users of
the
> currency who are doing that right now! I just exchanged about $130 in ALD
on
> a trip to Las Vegas in four days. Could have done a lot more if I hadn't
> been attending a trade show most of the time...I've been using it for
almost
> a year now and trust me, it works.
>
> Check out http://groups.yahoo.com/groups/ALD-forum for more info
>
>
>
>
>