Dani reports that WebMoney is now doing a DGC or gold based currency.
This is big news for the gold community, as there is currently (I am told) a resurgance of interest in new gold issuers, perhaps on the expectation that e-gold does not survive the meatgrinders, also known as the Federal prosecutors in Washington D.C. (Perhaps as part of their defence strategy, e-gold now run a blog!)
What's different about WebMoney? They had financial cryptography thinkers in at the beginning, it seems, and they are successful. They know how to do this stuff. They did it, and they maintained their innovation base. They are big. They do multiple countries. They quite possibly dwarf any other gold operator in overall size, already. I could run through the checklist for a while, and it looks pretty good. (oh, and they do a downloadable client which does some sort of facsimile of blinded transactions, as presented at EFCE!)
Expect them to take off where e-gold left off, with the exception of the Ponzi based traffic. Big strategic question: will they go green or red on Ponzis?Posted by iang at August 8, 2007 10:52 AM | TrackBack