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The following archive was created by hippie-mail 7.98617-22 on Sat Apr 10 1999 - 01:18:26
proff@suburbia.net
Sun, 7 Feb 1999 05:57:15 +1100 (EST)
> Matthias Bruestle wrote:
> > AFAIK there is not enough gold.
>
> Not enough gold for what? The gold in the e-gold system
> is one for one. In the DigiGold digital currency, the
> intention is to invest some proportion in high-quality
> investments in order to pay for the servers.
>
> iang
Printing your own money is the most efficient tax collection
system you can have. Unfortunately it usually means people very
quickly put their money into capital which doesn't devalue. Keep
the inflation small enough though, and it is a nice way of doing
things.
Cheers,
Julian.
The following archive was created by hippie-mail 7.98617-22 on Sat Apr 10 1999 - 01:18:26