Re: e-gold News updated

Dr Tomaz de los Santos wrote:

> The only long term approach for an alternate and
> non-national-state-controlled currency is to run such an 'enterprise' as
> a 'cyber enterprise', with operates distributed redundant servers all
> over the world, so no jurisdiction applies.

If you don't have a clear location, then probably every country with a 
link to your currency will claim jurisdiction.  For example, you could 
create a trust with trustees in various common law countries.  If you 
were careful about it, it could be impossible to say which country the 
trust was domiciled in.  The courts could then decide:

* that they had no jurisdiction, so by implication nor did anyone else;

* that they had complete jurisdiction over the trust, shared with the 
other countries; or

* that they had jurisdiction over the trustee who was resident in their 
country.

They won't choose the first option, because then you would have created 
a body which is outside the law.  You wouldn't be able to do anything to 
it even if it committed serious criminal acts.  Also, owners of the 
currency wouldn't be able to sue it if it refused to supply gold in 
exchange for currency.

(This arrangement sounds very like DMT, are you wanting to start 
something like this up again?)

Pete