progress

James A. Donald jamesd at echeque.com
Mon Jan 5 16:32:32 PST 2004


    --
On 5 Jan 2004 at 15:33, Declan McCullagh wrote:
> But I'm not overly optimistic (I tend not to be, in the short
> run). I do not know how resistant the e-gold corporate and
> technical infrastructure is to U.S. federal government
> targeting. If the Feds decided e-gold needed to be shut down
> and took very aggressive steps, what would happen?

The USG has taken escalating measures against e-gold, and these
have certainly had a substantial effect, but e-gold could lose
all its US infrastructure without very bad effect.  It is also
somewhat protected by muslim-jewish tensions.  Some Muslim
governments might well see aggressive US measures against
e-gold operations in their territories as a part of a Jewish
plot to trap the world in the coils of compount interest.

E-gold transactions are traceable.  E-gold does cooperate with
the US government, and lots of other governments, but the trace
is apt to come to a dead end in gold or cash.  It is hard to
get a bank account or credit card with an alternate ID, it is
easy to get an e-gold account with no ID, like the old style
Swiss Bank accounts.   E-gold requests true names, but has no
enforcement of them or checking of them.   This lack of
enforcement is arguably illegal, but it continues. 

    --digsig
         James A. Donald
     6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG
     W7gsWUY+/5KwrRw98KCYNs/xKsHYjnfvmtucfBoT
     4o3QAhOGqRq67ZPaLVE64oWF8uS5hEW6quvjPtm6k





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