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 E-gold Founder Backs New Bitcoin Rival That Will Have Gold Reserves

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E-gold Founder Backs New Bitcoin Rival That Will Have Gold Reserves Vide
PostSubject: E-gold Founder Backs New Bitcoin Rival That Will Have Gold Reserves   E-gold Founder Backs New Bitcoin Rival That Will Have Gold Reserves Icon_minitimeFri Nov 29, 2013 4:42 am
The founder of one of the earliest virtual currencies has re-emerged with a rival to Bitcoin, more than five years after his first venture, e-gold, was shut down by the US Department of Justice.

Douglas Jackson is consulting for a membership organisation called Coeptis that hopes to launch a new version of his gold-backed currency, which attracted millions of users at its height.

The aim is to lure many of the people who have been attracted to Bitcoin and other virtual currencies this year, including businesses that are looking for a cheap way to process payments outside the traditional banking system.

Coeptis’s “global standard currency” would be fully backed by reserves of gold, held in a trust, effectively turning the precious metal into a medium of exchange.

http://www.economicpolicyjournal.com/2013/11/e-gold-founder-backs-new-bitcoin-rival.html
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