Ever since e-gold® suspended commercial operations in 2009, I, along with a highly competent team, have been working on a next generation system that applies the many lessons learned from that experience. This new system will merge the monetary and transaction logic of e-gold with unprecedentedly sophisticated AML and other compliance elements. In view of my felony conviction, however, I will not be permitted to own any portion or exercise any form of control over this next generation system once operational.
But I am allowed to talk about it and to explore the monetary principles it will implement. So I've launched a new blog, Better Money.
Quoting from my introductory blurb:
This blog, as is obvious from the title, is about money. The thesis is that money needs to be, and can be, done better. It describes a system of Better Money, a system informed by critical analysis of historic and contemporary monetary regimes. The system is designed to eliminate embedded flaws and to resolve contradictions that have tended, in my opinion, to undermine all antecedent monetary systems. Better Money is not a call for monetary reform. Its implementation does not require any sort of consensus to proceed...
I've often heard folks say that e-gold was ahead of its time and that this played a part in its demise. If that's true, I think it is safe to say that the new system is timely indeed. My hope is that I can play a useful role making a case and setting the stage for Better Money. [Plus, once it's launched, I'm hoping to get a bunch of Progeny from its vastly improved Referral Incentive Program!]