Btc <> e-Dinar

[UPENtXF]

If you want to buy some Btc with e-Dinar, please PM me to discuss a deal.

[Gerken]

And what is an e-Dinar?

[DannyM]

e-dinar is a precious metal backed digital currency - http://www.e-dinar.com/

Gold backs the dinars and silver backs the dirhams.

Traditional Islamic dinar coins were 4.25 grams of "pure gold", but there is a modern initiative to introduce a new version intended for savings/circulation/settlement that will be 4.25 grams of .917 gold alloy.

You might want to talk to senbonzakura and the IBB folks - https://bitcointalk.org/index.php?topic=21732.0. I think your services could be a great fit for partnership with Islamic Bank of Bitcoin (IBB). Maybe they could start a zakat service in e-dinars or something?

E-dinar charges relatively low fees compared to competitors. One issue with most gold-backed digital currency is that a robust market like the bitcoin marketplace (see https://bitcoin.it/wiki/Trade since this is the newbie section) tends not to develop around the currency.

It has been suggested that this phenomenon is in some way related to "Gresham's Law", where people holding the gold-backed currency would rather spend fiat currency than gold money when given the choice.

Also, of course, bitcoin has the advantages of not being able to be confiscated or seized and not being able to be shut down.

E-dinar requires trust in the issuer company as well as that there won't be interference by gangsters/governments.

Bitcoin also has some great transparency e-dinar can't really match.

But word on the street is that e-dinar.com folks are good people, but do your own research of course.



 

[UPENtXF]

has anyone seen a reputable exchange btc<>e-dinar?

[witek]

di anyone bothered to list all the fake currencies available ?

btc
ltc
e-dinar
e-gold
ebullion
liberty sth

I am sure I have seen dozen of other names I can't recall now (I wasn't paying attention really
Man, its hard to even remember the names

I wonder how it relates to old saying "in murky water easier catch the fish" ....

[UPENtXF]

di anyone bothered to list all the fake currencies available ?
some trolling
e-dinar
some FUD and BS

From World Islamic Mint:

We are in negotiations with the state government company ‘Kelantan Golden Trade (KGT) Sdn’ which is our core customer in South East Asia to add an electronic payment system as a supplement to the physical gold dinars and silver dirhams we have been supplying to them over the last two years...

Kelantanese Dinar

I wonder how it relates to old saying "in murky water easier catch the fish" ....

It relates through people like you, who make the water seem more murky than it is by talking out of their (!)

[Chris Weber]

i do not understand why I should exchange my decentrally backed bitcoins with some centrally controlled foreign things I did never hear of?
also gold could one day be expensive enough  to counterfeit it chemically/physically .. bitcoin can adjust the cryptographic level to be save by consensus of the network.
so I do not see an advantage for me in your e-dinar.

[witek]

i do not understand why I should exchange my decentrally backed bitcoins with some centrally controlled foreign things I did never hear of?
also gold could one day be expensive enough  to counterfeit it chemically/physically .. bitcoin can adjust the cryptographic level to be save by consensus of the network.
so I do not see an advantage for me in your e-dinar.

counterfeiting gold:
- chemically - even theoretically impossible, so lets file it into fairy story section
- physically - possible today, cost of producing 1g of gold is running in few million $, extremely unlikely to fall below few kilo$ per gram in your and your childrens lifetime

[Chris Weber]

as i said "one day.." and costs might decrease by time, possibilities improve

[imanikin]

Does anyone know where and if there is the  list of virtual currency ISO 4217 codes?

[UPENtXF]

Bump! Please move this thread to Alt-Currencies, or something. Thanks.