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A comment on How the Man finally brought e-gold down. Parent comment

Re:How the Man finally brought e-gold down by blastomere on Tuesday July 22, 2008 @11:29PM (#254000)
No, the bits are solutions to hard computational puzzles, and they are securely timestamped and published, so that you always know exactly what the money supply is. More on the markets and economics of bit gold here:

http://unenumerated.blogspot.com/2008/04/bit-gold-markets.ht...

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Re:How the Man finally brought e-gold down by wmf on Wednesday July 23, 2008 @01:04AM (#254076)
I admit that my understanding of some of these concepts like futures contracts is negligible, but it still seems bad if, say, 90% of all bit gold is generated by criminals at no cost to them, while regular people have to expend their own resources to create (or buy) bit gold.
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