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To: LLCF who wrote (21432)7/18/2002 9:22:39 PM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hi DAK, As Bill Bonner likes to say, <<denial>> is not a river in Egypt. Maurice will, one day, realize the error of his ways, and I hope that day is not too late in coming.
Chugs, Jay



To: LLCF who wrote (21432)7/18/2002 9:51:16 PM
From: Maurice Winn  Read Replies (2) | Respond to of 74559
 
Dak, you are a fool! <"The man who knows he is a fool is not such a great fool">

Printing money costs a few keystrokes and Uncle Al has to sign it. Pixels cost nearly nothing. So, unlike gold, vast value can be created at the stroke of a pen. No hard labour required, as there is with gold, which costs $200 to produce what Uncle Al can do with zero cost. Theft cannot happen. Multiple servers can track all transactions and store the records permanently.

A monetary system with a production cost of $200 per $300 of value can't compete with one costing zero [or nearly zero].

Mq