By William Luther, includes “The search for digital gold began long before the launch of bitcoin. In 1996, Douglas Jackson and Barry Downey founded E-Gold, Ltd., which enabled its customers to transfer titles to warehoused gold on the Internet. The company had secured more than one million users by 2005, when Jackson and Downey, along with co-owner Reid Jackson, were indicted for money laundering and operating an unlicensed money transmitting business. …”
Read the full article on: American Institute for Economic Research