posted on January 23, 2003 02:02:34 PM new
I thought it was interesting to see one of the alternate methods that appears to be implied to be a potential replacement.
"It also would be “extremely difficult” for U.S. authorities to attempt to take any action to shut down an e-cash system incorporated overseas in accordance with banking laws in that jurisdiction, according to Joe Kelly, an associated professor at New York’s Buffalo State College and an expert on Internet gaming law.
“Will all these electronic money systems be subject to the whims of a U.S. ban?” he said.
“The answer, I think, is ‘no.’ With e-gold (a digital cash backed by real gold), for example, you could transmit it to an offshore casino without ever going though a bank.”
Seems to me the one who ranted against Paypal being involved in the gaming industry is big on Egold. Just struck me as ironic.
http://www.msnbc.com/news/862204.asp?vts=012320031345#BODY
[ edited by katiyana on Jan 23, 2003 02:03 PM ]
posted on January 25, 2003 05:31:02 PM newSeems to me the one who ranted against Paypal being involved in the gaming industry is big on Egold. Just struck me as ironic.
Yeah, I also found it ironic he was preaching the evils of gambling via PayPal and at the same time he had an advertisement for an online casino. He wasn't the brightest blub to ever grace this message board.
