[sentilopis]

Gold backed virtual currency e-gold Ltd. based in St. Kitts & Nevis was shut down by the US justice department. It had an office and physical presence(you do need somewhere to warehouse your redeemable gold), which made it highly vulnerable to the sovereign state.

[sentilopis]

And a rebuttal to Murphy from Kinsella:
http://www.anti-state.com/article.php?article_id=312

[sentilopis]

I’ll pore through it, thanks.

[sentilopis]

I can grasp media of exchange not being a consumer good, but very blurry about it not being a production good.

Money does not lose its physical integrity after use, but the same can also be argued for a hammer which stays more or less intact after hammering in a few nails.

I’m trying to find a strict dichotomy between capital goods and media of exchange, but having no luck just yet.

Then I found this paper by Dr. Barnett and Dr. Block, and now I’m totally confused.(is there any formal rebuttal to this?)

http://mises.org/pdf/asc/2003/asc9barnett.pdf

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