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8 Dec 2021 8 minute read 0 comments Mammal
Part V: … And the law won. Customers weren’t particularly put off by the asset seizures in late 2005 (see Part IV) because during the year immediately following the forfeiture, e-gold bounced back with a record volume of transactions. Nevertheless, a...
9 Oct 2021 4 minute read 6 comments Mammal
Part IV: I fought the law. Actually, Gold & Silver Reserves Inc.—the parent company of e-gold—although not partners as such, enjoyed a pretty solid working relationship with national and international law enforcement agencies (see Part III). With the...
24 Sep 2021 4 minute read 0 comments Mammal
Part III: The Fall. Continuing from the spectacular rise of the first unconventional method of exchanging value via the internet to achieve mass adoption—e-gold—we now examine its demise. The causes of which had a lot more to do with naivety than hub...
26 Aug 2021 4 minute read 3 comments Mammal
Part II: The Midas Touch. In the early 1990s, another doctor, Dr David Chaum, a computer scientist and cryptographer, had established the groundwork for the first significant centralised digital payment system using cryptographic privacy protocols—eC...
9 Aug 2021 3 minute read 4 comments Mammal
Part I: The Rise. Digital currencies forcing their way into the economic milieu of the 90s was an event not unlike childbirth and just as painful if they fell afoul of the authorities due to any association with criminality. e-gold was an independent...
