What is e-gold?
E-gold was the digital gold certificate traded over domain e-gold Blog and it was one of best digital currencies.
Read more about it on E-gold - Wikipedia.
The currency failed due to being managed from an United States, where the government considered it as competitor to US dollar, and they found out enough reasons to stop the currency from functioning. It failed for reason of being centralized.
Bitcoin is not a gold backed currency but it is not a centralized currency and thus there is no government that can block Bitcoin.
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