Saturday, January 07, 2006

E-gold woes

Ian Grigg has a good article on the the investigation involving e-gold(tm). Here is a letter from e-gold's Doug Jackson. Note that e-gold, like e-cash, PayPal, etc. is a trusted third party payment system, and thus very different from bit gold. Unlike most payment systems, however, e-gold is its own currency, fixed to the value of gold.