Quote from: dacoinminster on August 01, 2013, 03:47:42 PM

Quote from: Chang Hum on August 01, 2013, 03:41:22 PM

What were your thoughts regarding the open transactions project in my last post?

Instead of having an over complicated trading escrow fund shouldn't simply;

1 mastercoin dollar = 1 dollar with only the amount being held in escrow being traded
Same with gold... 1 mastergold = equal value of certain weight of gold held in escrow on day of purchase

Holding actual physical assets in a vault somewhere would make me like that company "e-gold", and I don't fancy the idea of going to jail

Sorry to bombard you with so many questions, just an interested potential investor with a few concerns.

Surely that would make the gold escrow company like e-gold rather than you?

Without the gold in escrow aren't people going to only buy up to the value of the asset, and sell from that point creating a loss for the escrow company as the Thai currency analogy describes above?