Terms

Digital Cash Alliance User Agreement

1. Introduction:

This agreement sets out the terms and conditions under which the user is able to use the Digital Cash Alliance technology and services provided by Digital Cash Alliance through our web site, wallet software, and payment system. This agreement also sets forth the terms for each level of participation in our alliance. Since we would prefer that you enter this agreement knowingly, willingly, and competently, we felt you would need to (and wish to) actually read, understand, and agree with the terms here. To those ends, we've tried to be clear, use simple language, and include some humour now and then.

2. Definitions:

Agreement is the terms and conditions specified in this document.

Asset refers to a class of item which has value to users. Assets represented in the Digital Cash Alliance system are issued by Issuers through the services of Voucher-Safe Voucher Publishers. Assets are represented in our system by vouchers. The actual assets are held by the Issuers who issue vouchers to represent those assets. Assets are not transferred within the Digital Cash Alliance system; only vouchers representing assets are transferred.

Bitcoin is a type of crypto-currency or mathematics-generated currency originally developed by Satoshi Nakamoto.

Blockchain is a mathematical ledger related to bitcoin and other types of crypto-currencies based on similar mathematics.

Contributor is anyone making a contribution of any amount to the Digital Cash Alliance.

Copper Ally is anyone joining the Alliance with a payment between US$100 and US$499 in value.

ElanVPN is the service provider for the virtual privacy network (VPN) service offered by the Digital Cash Alliance to participants at various levels. This agreement includes the ElanVPN terms of service as shown at the link here.

Digital Cash Alliance: For purposes of this agreement, Digital Cash Alliance is our team members as a group, our systems, and our services. This agreement is between the user at any level and the Alliance, so members at various levels are not included in the term Digital Cash Alliance for purposes of this agreement.

Digital Cash Alliance technology or "the technology" indicated in this agreement includes our web site and wallet software. Digital Cash Alliance is the provider of the user client and certain network access gateways. Access to an asset exchange, the SilentVault Exchange or (SVX) and access to Marketplace plug-ins such as the ABC Game plugin, are provided with our wallet technology, but their use is covered under separate agreements with SilentVault and with the plug-in makers.

Digital Cash Issuer is any issuer of digital currency joining the Alliance, typically for US$100,000 or more.

Exchange means the exchange of one type of issued asset for another type of issued asset.

Gold Ally is anyone joining the Alliance with a payment between US$1,000 and US$2,499 in value.

IP address or Internet Protocol address is a system of identifying the computer system to which information, such as web pages, is served.

Issuing Merchant is any merchant ally joining the Alliance at the US$25,000 level or above.

Issuer means a Voucher-Safe asset Issuer complying with the requirements of the Voucher-Safe system and issuing assets represented in the Digital Cash Alliance wallet technology.

Litecoin is a type of crypto-currency or mathematics generated currency based on modifications to the bitcoin model.

Merchant Ally is anyone joining the Alliance as a merchant with a payment at US$10,000 or more.

P2P refers to person-to-person or peer-to-peer. It is distinct from client-server, account-based, and other hierarchical models.

Payment means either (a) the transfer of some amount of an issued asset from one user to another using our wallet technology or (b) the payment by an alliance member or user for goods and services provided by the Digital Cash Alliance. The particular meaning as used within this agreement will be indicated explicitly or by context.

Platinum Ally is anyone joining the Alliance with a payment between US$2,500 and US$9,999 in value.

Publisher means a Voucher-Safe Voucher Publisher, and its network.

Registered Agent is anyone joining the Alliance with a special payment of US$1,000 for the purpose of becoming a secondary dealer in Rebate Gold (RGOLD).

RGOLD (Rebate Gold) is a gold-backed currency issued by Digital Contract Facilitators, Ltd. RGOLD is offered only as a rebate to customers and Registered Agents who purchase goods or services via the Digital Cash Alliance website. RGOLD vouchers can be redeemed for US dollars via the Alliance website, or spent to third parties. If a user redeems more RGOLD than they earned as rebates, there is a 10% fee assessed for processing the additional redemption amount. There is also a 0.5% annual storage fee on all gold backing RGOLD vouchers, which is assessed automatically per diem by means of the wallet system's current valuation of vouchers in circulation (based upon their age).

Silent Bitcoin (SBC) is a bitcoin-backed currency issued by the Silent Bitcoin Trust. Use of the Silent Bitcoin currency involves terms of service from the Silent Bitcoin Trust.

Silent Litecoin is a litecoin-backed currency issued by the Silent Litecoin Trust. Use of the Silent Litecoin currency involves terms of service from the Silent Litecoin Trust.

Silent Silver is a silver-backed currency issued by the Silent Silver Trust. Use of the Silent Silver currency involves terms of service from the Silent Silver Trust.

Silver Ally is anyone joining the Alliance with a payment between US$500 and US$999 in value.

Spark is an open source Jabber client which supports a plugin architecture and is written in Java. Digital Cash Alliance has developed a branded Spark client and certain plugins. The Spark application provides for the opportunity of built-in text chat with off-the-record (OTR) technology.

TGOLD (Token Gold) is a currency issued by Digital Contract Facilitators, Ltd. TGOLD represents a claim upon tokens earned in the future by the Digital Cash Alliance, in currencies other than RGOLD, per its agreements with Voucher Publishers and/or voucher Issuers. As such, TGOLD is not backed by any fixed, stored asset. TGOLD is offered only as a rebate to purchasers of goods via the Digital Cash Alliance website who voluntarily pay prices above the listed minimum. TGOLD vouchers cannot be redeemed, but may be Exchanged for other assets offered in the future by the Digital Cash Alliance, or other parties. They may also be spent to third parties.

Token: For purposes of this agreement, a token is a Voucher-Publisher-issued item which is used in the Digital Cash Alliance system to pay for transfers, receipts, and other operations of the wallet technology.

User: For purpose of this agreement, "the user" is any individual, company, agency, entity, partnership, or operator of at least one Digital Cash Alliance wallet, any other software offered by Digital Cash Alliance, or any logged-in user of our web site content. A user is indicated as a single operator, whether operating multiple wallets, acting in concert with other individuals, acting as a business enterprise, or acting in any other way. Where more than one user is indicated, the term "users" is shown in this agreement, and applies to each individual user. For purposes of conveying our terms in the English language we use the generic "his" to refer to the actions and property of a particular user, of whatever gender or gender-identity.

Voucher: For the purposes of this agreement, a voucher is a digital bearer certificate representing a quantity of an asset held by an Issuer.

Voucher-Safe refers to a technology for the publication and untraceable person-to-person circulation of issued assets or the digital representation of assets.

Voucher Publisher is any Voucher Publisher joining the Alliance, typically for a fee in excess of US$1 million, and/or the independent Voucher-Safe wallet network run by the Publisher.

Wallet or Digital Cash Alliance wallet is a user-operated application containing information about the user's holdings of assets. The application includes the ability to transfer assets to other users on a peer to peer or person to person basis. The application also includes access an embedded exchange system with the ability to make transfer via escrow. The application includes hooks and scars for an agora or marketplace system with the ability to buy and sell products, services, and assets.

Wallet login refers to the process of identifying the user's ownership of a particular wallet by signifying knowledge of a user account, its PIN, its long phrase, and its pass phrase.

Web site login refers to the Digital Cash Alliance.com web site user system which permits Registered Agents to make use of private functions of our web site while logged in.

3. Declarations:

The Digital Cash Alliance technology contains limitations that are designed into the technology. These limitations prevent the Digital Cash Alliance team from having various kinds of specific knowledge.

The Digital Cash Alliance disavows any obligation to any user to collect information from that user relating to identity, physical or virtual address, IP addresses used, age, gender, religious preference, political preference, skin colour, fingerprints, photographic likeness, tracking of transactions, tracking of assets, filing reports of any sort with any other entity or enterprise, or preventing transactions within our technology.

We do not agree to keep track of the assets in your wallet, we do not agree to keep track of your identity, we do not agree to keep track of your use of our technology, we do not agree to report to anyone on any of these things.

If you feel that you are better served by a system which gathers "know your customer" and "anti-money laundering" information from its users, you would do well to find such a system and make use of its technologies, instead. We do not warrant, nor do we guarantee, any aspect of our technology for the purpose of gathering information on our users, for the purpose of reporting on users, for the purpose of tracking user assets, for the purpose of gathering tax information, nor for any other secondary or ancillary use of our technology to serve entities other than our users.

It is possible for merchants and exchange agents working with the Digital Cash Alliance, including as participants, to establish user accounts for their own users, and to have terms of service of their own which require their customers to provide information to them. We do not intend any claim or control over the terms of merchants or exchange agents, nor over the actions of those who wish to comply with government rules, regulations, or taxes. Whenever you use the products or services of any merchant or exchange agent, you should take time to review their terms and conditions. Caveat emptor or "buyer beware" means you are responsible for your own circumstances. A free market gives you opportunities to choose. Please choose wisely.

Our technology does allow the person logged into a particular wallet to receive, pay, exchange, offer, and accept vouchers for assets issued by various voucher issuers. Our technology does allow the person logged into a particular wallet to track their own assets with receipts and transaction records. Users have the option to delete receipts and certain other records. We therefore strongly encourage users to keep their wallet login account particulars private.

We do not agree to limit the communications of our users in any way. If you choose to disclose to other people how you use your assets, how much of which types of assets you have, and otherwise indicate your use of income or wealth, you may create regulatory and tax liabilities for yourself outside of our control. We have e-mail encryption keys available upon request. Although we always very strongly encourage our users to use encryption for all communications under all circumstances, we understand that we cannot compel our users to utilize encryption in any context beyond our control.

We do provide encrypted connections for the entering of login information when using our wallet technologies.

4. General terms and conditions:

The Digital Cash Alliance technology is an information exchange system based on Voucher-Safe, Internet, and computer technology. It provides a platform that electronically facilitates trade, exchange, and commerce among and between users.

The user understands and declares his understanding that Digital Cash Alliance is a technology provider and an advocacy group promoting the use of anonymous digital cash technology. The Digital Cash Alliance is not the user of every wallet within our system and therefore has no ability to compel transactions by any wallet user. Digital Cash Alliance does not have access to the login particulars of user wallets. We are therefore unable to assure users as to the individual integrity, account balances, or other information of other users.

Digital Cash Alliance technology provides connection to the escrow service of the SilentVault exchange system for asset exchanges. SilentVault offers a guarantee of the escrow operation of all exchanges which are provided through their escrow service in their terms of service. We do not provide any guarantee for any transaction.

The user declares his understanding that Digital Cash Alliance is not a billing agent, accounting service, tax collector, information reporter, publisher of user account information, nor economic transaction regulator. We do not have the ability to compel any user to do things you expect of them. Your use of our technology to receive and make payments, offer and accept exchanges, buy or sell, or do any other asset-related operation, is at your own risk. We agree to provide the best technology possible; we make no guarantees about the people with whom you exchange and trade. If you have a problem with the fulfilment of an agreement by another user to provide goods, services, or assets in exchange for payments you make to that user, you should contact that user in particular.

User acknowledges his understanding that Digital Cash Alliance is not party to agreements and dealings between users. We do not agree to mediate disputes among users. We do not have any power to arbitrate among users. We have no power to enforce judgements against users issued by courts, whether or not the courts are of competent jurisdiction.

User acknowledges that Digital Cash Alliance will not be liable in any way to user for any activities or transactions between users nor any losses suffered by any user as a result of such activities.

User agrees that Digital Cash Alliance is not an interested party in any dispute between or among users of the Digital Cash Alliance technology.

Digital Cash Alliance is not a bank. Digital Cash Alliance does not agree to engage in banking operations in any jurisdiction. Digital Cash Alliance does not provide banking services. Digital Cash Alliance is not subject to any type of banking regulations, is not subject to any oversight bodies, in any jurisdiction. If you are looking for banking services, we strongly suggest you look elsewhere.

User holds title to the assets in his respective Digital Cash Alliance wallet or wallets. User retains all rights and privileges over this balance.

User uses his wallet and interacts with other individuals in the world on his own and at his own risk.

Digital Cash Alliance provides the Digital Cash Alliance technology on a best efforts basis, where is, and as is.

Digital Cash Alliance is not the Issuer of vouchers for any assets. Digital Cash Alliance is not a Voucher Publisher for the Voucher-Safe system. Digital Cash Alliance works with the Voucher-Safe technology, and we have agreed to make the published asset vouchers of various issuers available on our system. We are happy to introduce the owners of assets and those desiring to operate a future issuer enterprise to the Voucher Publisher for the Voucher-Safe system. The establishment of new Voucher Publishers is contemplated and discussed in these terms of service.

As discussed in the definitions, RGOLD, TGOLD, Silent Bitcoin, Silent Litecoin, Silent Silver, and all future currencies are issued by their respective Issuer entities. Each Issuer has their own terms of service.

Digital Cash Alliance is a technology operator. We may choose to add the vouchers issued by other Issuers, or to accept new Voucher Publishers through our wallet technology.

Digital Cash Alliance makes available for payers, receivers, and exchangers the vouchers issued by what we regard as suitable and trustworthy voucher Issuers. It is our understanding that vouchers issued by the Silent Bitcoin Trust are at all times redeemable for Bitcoin held in one or more wallets owned by that trust. It is our understanding that vouchers issued by Silent Litecoin Trust are at all times redeemable for Litecoin held by that trust. It is our understanding that vouchers issued by Silent Silver Trust are convertible to silver bullion or silver specie on demand through that trust. It is our understanding that RGOLD vouchers are at all times backed by equivalent weight in gold bullion, and redeemable for US dollars on demand. These understandings, and similar understandings regarding any future Issuers, are based on representations made to Digital Cash Alliance by those respective enterprises.

Digital Cash Alliance makes no representation about the usefulness of Bitcoin, Litecoin, or other currencies, including fiat currencies such as the EU euro and USA dollar, for any purpose. Currencies have exchange rates that fluctuate according to market and political conditions beyond our control. We do not warrant any currency as to its fitness for any use.

User agrees to keep user's wallet login details private, secure, and confidential at all times, and further agrees that the protection of these login details are his sole responsibility. Digital Cash Alliance is not liable for any loss in the event of the loss or misuse of the user's login details. Assets held in a wallet which cannot be accessed by any user are not recoverable.

IF YOU LOSE YOUR WALLET LOGIN AND YOUR LOGIN RECOVERY DATA, YOUR ASSETS ARE NOT ACCESSIBLE TO YOU. WHETHER OR NOT YOU HAVE ACCESS TO YOUR WALLET, THE ASSETS IN YOUR WALLET ARE NEVER ACCESSIBLE TO US. WE CANNOT GIVE YOU WHAT WE DO NOT HAVE. WE CANNOT RESTORE TO YOU ASSETS WHICH YOU LOST THROUGH YOUR ACTIONS OR INACTION. WE CANNOT ESCHEAT PROPERTY LOST OR ABANDONED IN THIS WAY TO ANY OTHER PARTY, BECAUSE WE HAVE NO ACCESS TO THE ASSETS.

If you are not comfortable with a system of irrevocable asset transfer, where your digital wallet is your responsibility, and where there is no way for the technology developers to seize your assets on the part of governments, third parties, court order holders, nor on your behalf, you might not be comfortable with our system. We provide the Digital Cash Alliance technology where is, as is, without warranty, without guarantee of its fitness for any purpose. If you choose to use our technology, you do so at your own risk.

User agrees not to attempt to tamper with, modify, nor gain unauthorised access to the technology of Digital Cash Alliance, its web site, and the wallets of other users. Users who engage in such actions are liable for any damages which result from the actions described. User understands that Digital Cash Alliance may take actions as it deems fit to limit the ability of persons violating this portion of the agreement from gaining access to the assets of other users.

5. Representations of Digital Cash Alliance:

Digital Cash Alliance has created a technology that allows users to make and receive payments in currencies issued by Issuers and published by Publishers. Our technology is based upon and uses the Voucher-Safe technology. We have also provided a technology to make exchanges between and among users, including with an escrow service. We have also developed a technology upgrade to allow for the establishment of one or more agoras or market places for users to buy and sell anything.

Digital Cash Alliance is not an issuer of currencies. Digital Cash Alliance is not an asset holder issuing vouchers that are redeemable for assets. Digital Cash Alliance is not a Voucher Publisher. Digital Cash Alliance is a technology developer that has developed a wallet technology. Digital Cash Alliance is also an advocacy group that promotes the development and use of anonymous digital cash.

The Digital Cash Alliance technology uses tokens to pay for asset transfers. There is no fee for creating a Digital Cash Alliance wallet. There are costs for tokens which are collected automatically once the user adds vouchers representing assets to his wallet. These token quantity costs are set by the Voucher Publisher. Digital Cash Alliance therefore has no control over these token rates, which at present are set as follows:

Making a payment requires storing a pending payment, so that you can reclaim the payment if the intended recipient fails to pick it up, so sending a voucher to another user costs a total of 12 +1 = 13 (thirteen) tokens.

Receiving a payment sends a receipt back to the payer, and, unless the user manually over-rides the option, also stores a receipt copy for the recipient, too. Therefore receiving the payment involves 4 + 1 + 1 = 6 (six) tokens.

However, there is an exception to this rule: if it is the first voucher of that asset type seen by the wallet, the cost will be 2 tokens because the 4 tokens for receiving a voucher payment is waived.

Note that within our technology, picking up a payment is functionally similar to re-validating a voucher. The old voucher, whose serial number was known to both payer and payee, is replaced by a new voucher of exactly equivalent amount with a fresh serial number known only to the recipient.

The payer would need to store the receipt from the recipient, thus bringing the total cost of a given payment to 14 tokens, provided that the recipient actually accepts and picks up the payment and provided the payer picks up the receipt within seven (7) days and stores it. A user can, of course, refuse to accept a payment. A user can, of course, set their wallet to refuse to pick up and store receipts.

Storing receipts is the default choice. However, by selecting "manual housekeeping" in the user preferences settings and then discarding the receipt when it is sent to the user, storing receipts can be avoided. Stored receipts can be downloaded to the user's local disk. They can also be deleted individually or purged categorically. Deleted receipts cannot be recovered or restored.

There is a special case where a payment would only cost four (4) tokens (the same as a revalidation of a voucher) if, and only if, the amount of the payment is exactly equal to the value of the voucher, so that there is no change back. Otherwise, an implicit split/merge action is performed, so the cost becomes 12 tokens.

The value of a token is set by each individual voucher Issuer. For example, the cost per token set by the Issuer of RGOLD is 0.001 grams of gold (GAU) per token. For purposes of comparison only, we note that in August 2015 the exchange rate of a gram of gold to a USA dollar was approximately $35 for a time, so the cost of a token purchased with RGOLD was 0.001x$35.00 = 0.035 or about three and a half cents. The published cost per token set by the issuer of Silent Bitcoin is 0.0001 bitcoin. Again, for purposes of comparison only, we note that in August 2015 the exchange rate of a bitcoin was $275.00 for a time, so the cost of a token purchased with Silent Bitcoin was 0.0001x$275.00 = 0.0275 or about 3 cents. We currently publish the fee schedules given to us by various voucher Issuers at the SilentVault web site at https://SilentVault.com/tiki-index.php in the horizontal menu at the top of the page under the item "Assets."

Tokens never expire, no matter what happens to the exchange rates set by Issuers for tokens purchased with their assets. Old tokens continue to work until they are used.

Tokens are automatically bought by the system when a voucher from a new asset type is first seen by the wallet client, or whenever the number of tokens of that asset type is insufficient to pay for any operation performed by the user. The amount of the lot size of tokens purchased can be manually set by the user. The default setting is 50 tokens. This auto-purchase feature is necessary so that receipts can be stored.

It is due to this feature that lower limits on order sizes exist. For example, currently, Silent Bitcoin requires a minimum purchase of 0.01 bitcoin and a minimum redemption of 0.02 bitcoin. If you attempt to purchase a fraction of an asset so small that the Digital Cash Alliance wallet cannot auto-purchase tokens needed to send the SVX exchange a receipt, the exchange attempt will fail.

Digital Cash Alliance technology uses various tools, servers, and systems, to attempt to make available access to user wallets for users on a 24 hour a day, 7 days a week, 52 weeks a year basis. Where we are able to control the tools and technologies in operation, we do, on a best efforts basis, provide access as often as possible.

We do not control the Internet, nor do we control your ability to access the Internet. Your ability to access your wallet and the assets in your wallet may be limited by third parties, including your Internet service provider, including government agencies. Where we are or become aware of impediments to user access, we will, on a best efforts basis, make available information about potential work-arounds and circumventions to interference with your ability to access your account.

It is our understanding that the issuer of Silent Bitcoin owns and operates various wallet IDs for Bitcoin. We are informed that they seek to use best practices for bitcoin (BTC) merchants with a unique bitcoin hash generated for each customer order. The user signals when they believe (or allege) they have completed the bitcoin spend to this Digital Cash Alliance wallet address. This signal triggers a check for a spend to that hash having 6 (six) confirmations made at roughly ten-minute intervals. We expect it takes approximately one (1) hour to establish these 6 blocks on the relevant block chain. If the amount of bitcoin actually received changes, the order size is adjusted up or down to correspond to what is received. Silent Bitcoin (SBC) is issued to the user, less tokens deducted as indicated above, on a one-to-one basis for the BTC actually received.

When the confirmations are sufficient, the Digital Cash Alliance system generates a voucher spend for the matching amount in SBC to the user's SV wallet ID. The user will have seven (7) days to pick up their voucher. If they fail to do so, the bitcoin will be returned to the refund wallet hash they entered while placing the order. We do not have any control over what wallet hash was indicated by the user to receive the refund, and cannot validate that it belongs to the owner of the Digital Cash Alliance wallet.

When a user wants to exit from Silent Bitcoin (SBC) into bitcoin, he makes a payment of SBC and indicates the intended destination bitcoin wallet. This transaction takes place after the voucher spend which de-circulates the SBC from the user wallet. The SBC voucher involved is destroyed and not replaced when spent back to the Issuer. The customer would need to wait to see at least one (1) confirmation before they could spend that bitcoin to another user of bitcoin.

As of August 2015, the published fees for purchasing or redeeming bitcoin into the Silent Bitcoin system are 0.0%. So a user with 0.022 bitcoin should be able to experiment with the system by purchasing 0.022 Silent Bitcoin and redeeming it - with the understanding that tokens will be auto-purchased to cover the cost of relevant receipts in the system.

We have a similar understanding for the procedures with Silent Litecoin.

Digital Cash Alliance cannot sell, rent, nor make available any wallet user data to any third party without the user disclosing that information to Digital Cash Alliance independently. We do not have any information about users other than what they communicate to us in e-mails or other written disclosures of their own choosing, so we cannot make information available that we do not have.

Digital Cash Alliance is committed to privacy. We do not disclose, rent, or sell the information of contributors nor the information of participants at any level, except as required by law with the necessary court order by a court of competent jurisdiction.

Digital Cash Alliance cannot monitor traffic nor write log files that contain personal data, including Internet Protocol or IP addresses.

Digital Cash Alliance cannot monitor traffic usage, even for accounting purposes.

Digital Cash Alliance does not collect user identity information and related data in any way.

Digital Cash Alliance will not pass any user data provided by a user directly to Digital Cash Alliance unless legally compelled to do so, by a binding court order from a court of competent jurisdiction.

6. Operations:

Digital Cash Alliance has established suitable parties to fulfil the roles of: custodian, repository, technical maintenance, customer support, and technical development.

Digital Cash Alliance does not publish activity statistics, details of overall assets, nor other information on its technology.

Digital Cash Alliance is based upon technology from Voucher-Safe. The wallet technology for Voucher-Safe is open source. The source for the Digital Cash Alliance wallet clients is also published, and may be downloaded from our website.

Digital Cash Alliance has also developed a version of its wallet which is a "plugin" for Spark, which can be operated from various computer devices. Since Spark is a Jabber client, users of the Spark-based wallet can use text chat (with "off-the-record" if they prefer) while making and receiving payments or exchanges.

7. Wallet Payments:

The wallet user can make payments to or receive payments from any other user wallet.

Wallet users have access to their wallets through the on-line interface which may involve VPNs, PageKite gateways and other technology. Users can use their wallets to make or receive payments, view account transactions, delete records of transactions, make exchange offers, accept exchange offers, search for exchange offers, use the escrow system to complete exchange transactions, and, at a date to be provided in the future, buy and sell goods and services through the market places or agoras to be provided.

Wallet user agrees that all payments initiated by the user and completed through the Digital Cash Alliance system are final and irrevocable. Payments will automatically generate deductions from the payment-originating account and additions to the payment-receiving account, using the voucher system.

Wallet users who wish to do so may set a time limit for the payment transaction to be accepted by the payment-receiving account, after which time, if the payment is not accepted, the payment-originating account would receive a refund of the transacted amount (less tokens expended, if any).

Each wallet user acknowledges that any payments he initiates from his wallet are his sole responsibility. User is responsible to set up the payment particulars, identify the correct wallet to which the payment is to be sent, and identify the time limit for the recipient to accept the payment. Digital Cash Alliance has no ability to reverse or interfere with payments, even if the user incorrectly makes the payment, or makes the payment correctly to the wrong user wallet, or in some other way makes an error of judgement or operation.

Payments can be made in any amount and in any published asset, to the limits of the decimal places available in the wallet. The granularity is currently 0.0001 units of the issued assets. That would be 0.0001 GAU, USD, BTC, etc. For bitcoin at recent prices that would be a granularity of about 3 cents. As a result of this granularity limitation, tokens cannot ever cost less than 0.0001 units of an issued currency.

The value of payments in other currencies, including in the national or fiat currencies of various nations, is dependent on market forces and political risk factors, typically reflected in the exchange rates available on web sites and by exchange service operators. Digital Cash Alliance has no control over exchange rates of any currencies, including the currencies issued by participants in the Digital Cash Alliance.

Payments can only be completed if the vouchers representing assets in your wallet are greater or equal to the amount of the payment you are making, and if you have sufficient tokens to complete the transaction. If you have insufficient tokens, the system automatically provides for token purchases from assets in your wallet. You can set the number of tokens auto-purchased at any one time in the user preferences section of your wallet.

8. Levels of Participation:

Participation in the Digital Cash Alliance is on a voluntary basis of mutual consent. No one is required to join the Alliance; the Alliance is not required to accept everyone who applies to participate. Participation in the Alliance at any level does not confer voting privileges. We regard voting as an exceptionally poor method for taking choices and do not encourage its use in our structure. Alliance participants are welcome to express their own views, urge the Alliance team members to take or avoid actions, encourage others to join the Alliance, and may, at various levels of participation, receive remuneration for their participation in accordance with either this agreement or a separate agreement with a particular participant to be negotiated and agreed between that participant and the Digital Cash Alliance.

The Alliance sends an e-mail newsletter at nearly every level of participation. We send the newsletter only to the e-mail address you designate as acceptable for us to send messages to, and we do not ever sell our e-mail address list. We are committed to privacy and do not disclose our e-mail address list for any reason except as required by law and with a court order from a court of competent jurisdiction. We reserve the right to return contributions for any reason or no reason if the Alliance feels it is in our best interest to do so. Returning a contribution nullifies the transaction and voids any obligation on our part to the erstwhile contributor or participant.

At certain levels of participation, we provide a virtual privacy network (VPN) service as an authorised representative of ElanVPN. The VPN service is provided within the terms and conditions set by ElanVPN shown here.

At levels of participation Copper Ally and above, participants receive a gold-backed rebate voucher (RGOLD) and a token redemption rebate voucher (TGOLD) as described below. Participants can renew their participation to continue uninterrupted VPN service, and their renewal fees will be rebated at the same rate. Participants can also choose to upgrade to a higher level of participation to receive that level's rebate percentages.

There are the following levels of participation, which confer the rights, privileges, and benefits indicated here. The list of levels and the list of features shown here is complete, except insofar as a separate agreement is negotiated by a particular participant.

Contributor

Anyone may become a contributor to the Digital Cash Alliance by making a donation of any amount. Annual or more frequent donations of at least US$10 provide the contributor with an e-mail newsletter subscription and access to free content and downloads from the web site.

Copper Ally

Anyone may become a Copper Ally by making a payment between US$100 and US$499.

Copper Ally participants receive

Silver Ally

Anyone may become a Silver Ally by making a payment of US$500 to US$999.

Silver Ally participants receive

After one year, Silver Ally participants may renew their ElanVPN VPN by making an additional payment for the amount as indicated above in this subsection. Rebates will apply as indicated here. The Digital Cash Alliance will, on a best efforts basis, contact Silver Ally participants within two months prior to expiration of their VPN services, and periodically thereafter until three months after expiration in order to facilitate a renewal payment. Total renewal notices from us shall not exceed two per month. Renewal notices will be stopped, on a best efforts basis, if the participant renews or indicates they have opted not to renew.

Gold Ally

Anyone may become a Gold Ally by making a payment of US$1,000 to US$2,499.

Gold Ally participants receive

After one year, Gold Ally participants may renew their ElanVPN VPN by making an additional payment for the amount as indicated above in this subsection. Rebates will apply as indicated here. The Digital Cash Alliance will, on a best efforts basis, contact Gold Ally participants within two months prior to expiration of their VPN services, and periodically thereafter until three months after expiration in order to facilitate a renewal payment. Total renewal notices from us shall not exceed two per month. Renewal notices will be stopped, on a best efforts basis, if the participant renews or indicates they have opted not to renew.

Platinum

Anyone may become a Platinum Ally by making a payment of US$2,500 to US$9,999.

Platinum Ally participants receive

After two years, Platinum Ally participants may renew their ElanVPN VPN by making an additional payment for the amount as indicated above in this subsection. Rebates will apply as indicated here. The Digital Cash Alliance will, on a best efforts basis, contact Platinum Ally participants within two months prior to expiration of their VPN services, and periodically thereafter until three months after expiration in order to facilitate a renewal payment. Total renewal notices from us shall not exceed two per month. Renewal notices will be stopped, on a best efforts basis, if the participant renews or indicates they have opted not to renew.

Registered Agent

Any Silver, Gold, or Platinum Ally member may also register as an Agent for dealing in Rebate Gold (RGOLD), by making a further payment of US$1,000 as a registration fee.

Registered Agents gain the ability to purchase and redeem RGOLD directly. Where Agent purchases are involved, there is no merchandise delivered. Instead, 5% of the total purchases from Agents are bundled up and donated to one of several charities supported by the Digital Cash Alliance. It is this bunding and donation service which is the product provided by the Alliance in such sales. Unlike with RGOLD obtained by a customer as a rebate on a purchase of merchandise, Agent redemptions of RGOLD are subject to a 5% processing fee. (Thus they may buy and redeem RGOLD for a net 5% charge in either direction.)

Registered Agents who acquire RGOLD and resell it to others for a fee, or who purchase it from others and redeem it for a fee, may make themselves subject to money transmitter regulations in their local jurisdiction. Agents and would-be Agents are expected to understand their legal position and to obtain any required licenses. The Digital Cash Alliance cannot give legal advice, or be responsible for any adverse legal consequences for Agents in the conduct of their business.

Merchant Ally

Any qualifying merchant may become a Merchant Ally by making a payment of US$10,000 or more.

Merchant Ally participants receive

After three years, Merchant Ally participants may renew their ElanVPN VPN by making an additional payment for the amount as indicated above in this subsection. The Digital Cash Alliance will, on a best efforts basis, contact Merchant Ally participants within two months prior to expiration of their VPN services, and periodically thereafter until three months after expiration in order to facilitate a renewal payment. Total renewal notices from us shall not exceed two per month. Renewal notices will be stopped, on a best efforts basis, if the participant renews or indicates they have opted not to renew.

Merchant Ally participants may not use their ElanVPN VPN credentials to engage in any of the following activities. The Digital Cash Alliance reserves the right to refuse to accept the participation of any merchant found to be engaged in any of the following activities:

The Digital Cash Alliance agrees to qualify Merchant Ally participants on a best efforts basis. Anyone may at any time use our contact page to report concerns about any Merchant Ally. Concerns need not reflect violation of any of the above proscribed activities. Concerns about a given Merchant Ally may be shared by the Alliance with that merchant in hopes of resolving the concerns. The Digital Cash Alliance reserves the right to revoke the participation of any Merchant Ally engaged in proscribed activities.

Issuing Merchant

Any qualifying merchant may become an Issuing Merchant by making a payment of US$25,000 or more.

Issuing Merchant participants receive

Issuing Merchant participants need not make any additional payment to renew their ElanVPN VPN which should be perpetual. Since renewal is not required, no renewal notices are to be sent to Issuing Merchants.

Issuing Merchant participants may not use their ElanVPN VPN credentials to engage in any of the following activities. The Digital Cash Alliance reserves the right to refuse to accept the participation of any merchant found to be engaged in any of the following activities.

The Digital Cash Alliance agrees to qualify Issuing Merchant participants on a best efforts basis. Anyone may at any time use our contact page to report concerns about any Issuing Merchant. Concerns need not reflect violation of any of the above proscribed activities. Concerns about a given Issuing Merchant may be shared by the Alliance with that merchant in hopes of resolving the concerns. The Digital Cash Alliance reserves the right to revoke the participation of any Issuing Merchant engaged in proscribed activities.

Digital Cash Issuer

Any qualifying merchant may become a Digital Cash Issuer by making a payment of US$100,000 or more. The Alliance reserves the right to demand that the license fee be paid in the Issuer's own currency.

Digital Cash Issuer participants receive

Digital Cash Issuer participants need not make any additional payment to renew their ElanVPN VPN which should be perpetual. Since renewal is not required, no renewal notices are to be sent to Digital Cash Issuers.

Digital Cash Issuer participants may not use their ElanVPN VPN credentials to engage in any of the following activities. The Digital Cash Alliance reserves the right to refuse to accept the participation of any issuer found to be engaged in any of the following activities.

The Digital Cash Alliance agrees to qualify Digital Cash Issuer participants on a best efforts basis. Anyone may at any time use our contact page to report concerns about any Digital Cash Issuer. Concerns need not reflect violation of any of the above proscribed activities. Concerns about a given Digital Cash Issuer may be shared by the Alliance with that merchant in hopes of resolving the concerns. The Digital Cash Alliance reserves the right to revoke the participation of any Digital Cash Issuer engaged in proscribed activities and for other reasons.

Voucher Publisher

Any qualifying merchant may become a Voucher Publisher by making a payment of US$1,000,000 or more. The Alliance reserves the right to demand that the license fee, or any portion of it, be paid in the currency of a suitable Issuer in the Voucher Publisher's network.

Voucher Publishers receive

The Digital Cash Alliance agrees to qualify Voucher Publishers on a best efforts basis. Anyone may at any time use our contact page to report concerns about any Voucher Publisher. Concerns need not reflect violation of any of the above proscribed activities. Concerns about a given Voucher Publisher may be shared by the Alliance with that merchant in hopes of resolving the concerns. The Digital Cash Alliance reserves the right to revoke the participation of any Voucher Publisher engaged in proscribed activities, and for other reasons. In the case of each Voucher Publisher, a separate agreement specifying terms and conditions will be negotiated between and among the parties.

9. Indemnification:

Digital Cash Alliance makes every effort to ensure that the Digital Cash Alliance technology and access to the users wallets by the respective users is available all day, every day, Digital Cash Alliance makes no representation that the user will be able to access our technology at any particular time. User agrees that Digital Cash Alliance will not be held liable for nor responsible for any loss or damage, whether direct or indirect, that may result from the use, operation, or performance of the Digital Cash Alliance technology, other than as a direct result of the deliberate or negligent acts or omissions of Digital Cash Alliance.

User agrees to indemnify and hold harmless Digital Cash Alliance and its appointees, directors, affiliates, officers, employees, team members, franchisees, agents, heirs, and assigns from and against any and all claims, losses, liabilities, damages, costs, and expenses, including legal fees, court costs, fines, and levies, arising out of or related to breach of the terms and conditions contained in this agreement, or from the use of the Digital Cash Alliance technology by the user.

User agrees that Digital Cash Alliance shall under no circumstances be liable to user for any damages of whatever nature, kind, or description in any location in the universe, except for any loss caused by wilful misconduct of Digital Cash Alliance. This indemnification shall be binding upon user and user's administrators, executors, heirs, successors, and permitted assigns.

10. Confidentiality:

Digital Cash Alliance recognises the user's right to confidentiality and privacy. The Digital Cash Alliance technology is designed with confidentiality and privacy built in.

User does not have any obligation to impose legal obligations on Digital Cash Alliance including obligations relating to international agreements by various national governments and other entities relating to "know your customer," "anti-money-laundering," and other infringements on privacy and confidentiality. User agrees not to impose any such obligations upon Digital Cash Alliance, nor to seek the imposition of such obligations by third parties for any reason.

User may at user's choice disclose information to Digital Cash Alliance team members, including customer service members, relating to user, user's contact particulars, user's attempts to make or receive payments, user's experiences with other users, user's concerns, or any other information, through the contact information provided on our web site, through e-mail, in chat rooms or in private chats with customer support, and by other means as they become available. User agrees and understands that, notwithstanding extensive efforts to safeguard the confidentiality and privacy of the user, including through the use of e-mail encryption, Digital Cash Alliance may be ordered by a court of competent jurisdiction to disclose information it has been provided by the user. Unless ordered to do so by a court of competent jurisdiction, Digital Cash Alliance will not make any such disclosure without the express written consent of the user.

User agrees that Digital Cash Alliance monitors the systems, tools, and technologies involved in making its technology available to user in order to keep it functioning to the best of Digital Cash Alliance's ability.

11. Third Party links:

On our web site, in its blogs, and in various other locations, we sometimes provide links to other web sites which we believe may have topical information or may be useful to users in some way. We do so solely for the convenience of ourselves and users unless otherwise indicated.

User agrees that such convenience-motivated links to third party web sites or other information about third parties are not recommendations, endorsements, or encouragements to the user to follow such links. User understands that any links which do imply endorsement or recommendation will be clearly indicated as such. User agrees that following links on our web site to third party sites is at the user's own risk.

User agrees that Digital Cash Alliance is not a party to agreements it is not a party to, including agreements amongst and between users, between the user and third parties, including Registered Agents, and that therefore, Digital Cash Alliance cannot be held liable for losses or damages that may arise from such agreements, nor form any sort of intermediary between the user and other parties. User understands that user enters into agreements with other parties at user's own risk.

12. Franchising:

User acknowledges that franchise operations working with Digital Cash Alliance to provide any part of any of our issued currencies do so as independent operations, not as part of the Digital Cash Alliance technology and system. Therefore, Digital Cash Alliance can not be responsible for losses or damages that result from interactions between users and franchisees.

User acknowledges that franchise operators may be obliged to adhere to laws and regulations in given jurisdictions, especially if they are store-front operations, and that, as a result, may have different terms, conditions, rules, and limitations, including "know your customer" and "anti-money-laundering" requirements to obey. User agrees that if user works with a franchise operator, user may be bound to a separate agreement with that franchise operator.

At all times, the performance and success of franchise operators are of interest to Digital Cash Alliance, and we are interested in hearing from users about the successes and failures of franchise activities. If a franchise operator fails you in some particular, please do let us know. Depending on the political risks and current contractual obligations under which that franchise operator is conducting business, we may be able to help on a best efforts basis.

13. Outages and Force Majeur:

We live in strange times in a weird world. Entities of all kinds exercise various types of power which may interfere with our ability to provide services to you. We do our best to avoid being subject to arbitrary power, and so should you, but not every effort is successful.

User agrees not to hold Digital Cash Alliance responsible for any damages, delays, failures in transmissions, or losses resulting from situations or circumstances beyond the control of Digital Cash Alliance, including but not limited to, acts of God and of nature, acts of terrorism, civil disobedience, lockouts, riots, social or economic upheaval, strikes, wars, acts of governments, acts of agents of government operating beyond or within the scope of their authority, or any breakdown in normal communications or utilities infrastructure services or any other cause beyond the reasonable control of Digital Cash Alliance and to indemnify and hold harmless Digital Cash Alliance and its appointees, directors, officers, staff, employees, franchisees, agents, heirs, and assigns against any such losses or damages.

14. Wallet Usage Fees:

Digital Cash Alliance and the Voucher-Safe technologies charge fees. The token fees are outlined above in section 5. Token fees are collected automatically. Tokens may be purchased with any of the published assets you hold in your wallet.

The SilentVault escrow service fee is currently 1% of the exchanged vouchers.

Fees that are charged by voucher Issuers are provided to us by agreement with the Issuers and published on our site under "assets."

It is the case in August 2015 that fees are not charged for converting Silent Bitcoin to and from Bitcoin, nor for converting Silent Litecoin to and from Litecoin, but it is possible that the fee schedule will change in the future. There is a fee for converting Silent Silver to and from Bitcoin, as published on the SilentVault site.

Digital Cash Alliance does not charge storage fees, but particular voucher Issuers might. (RGOLD for instance charges 0.5% per annum.)

Digital Cash Alliance does not make any warranties nor any representations about exchange rate risks. Bitcoin, Silent Bitcoin, Litecoin, Silent Litecoin, Silent Silver, RGOLD, and TGOLD, along with future Issuers, may be subject to legal, political, and economic risks and their exchange rates will change without notice according to market preferences beyond our control.

Digital Cash Alliance does not have any way of contacting wallet users without first being contacted by a user.

Digital Cash Alliance has participation rates for various levels of participation indicated in this user agreement and on our web site. Each participant is responsible for paying the fees associated with their level of participation, including renewal fees when annual renewal or renewal at other time periods (more or less frequently than once a year) come due. The Alliance will on its best efforts basis attempt to contact each participant about impending expiration of services, renewal fees, and due dates, both before and after expiration.

15. Account access recovery:

When you sign up with Digital Cash Alliance to create a new wallet, you are allowed to chose the login particulars for your wallet. You choose and are also provided one time, on screen, with a copy of account recovery security information. If you lose or forget your wallet's login details, you should be able to recover new login information using the recovery information. If you lose both your wallet's login details and the recovery information, your wallet is not recoverable.

User agrees that Digital Cash Alliance has no capability to lock user accounts, change user login particulars, or recover access to an account without either the login details or the recovery information. Digital Cash Alliance will not make any attempt to lock user accounts, change user login particulars, or seize assets in a wallet for anyone, for any reason. We are not in the business of taking your property, assigning it to regulatory or tax authorities, or fixing problems beyond the scope of our technology.

There is one possible way that a wallet becomes invalid: if the owning user closes it. In order to do this, the wallet must either be empty of vouchers and tokens, or contain vouchers/tokens of only one asset type. A successor wallet is created, and all value is transferred to it. The fee for this is 25 tokens, and after it's done, the old wallet's public key goes on a "certificate revocation list." This approach means that while the owner can still log into it (to examine old receipts, for example), it can no longer be used to receive voucher payments.

We use this system to prevent a "dead wallet spend," which is an Achilles heel of Bitcoin. Of course an abandoned wallet also will not pick up a payment, which means it becomes reclaimable after at most 7 days. But an attempt to spend to a closed wallet will fail immediately, owing to its public key being withdrawn from the public key server.

Digital Cash Alliance urges all users to learn and use encryption for their e-mails. Digital Cash Alliance team members use Open PGP encryption. Our public keys are available upon request.

DO NOT SEND US YOUR LOGIN DETAILS. WE WON'T LOG INTO YOUR WALLET FOR ANY REASON.

Unless a user sends the login details or account recovery details for their wallet to a Digital Cash Alliance team member, we cannot log into that wallet. We don't want to log into any user wallet, ever. User agrees not to send user's login details to Digital Cash Alliance team members under any circumstances.

You will never be asked to provide your login details by us. If you receive an e-mail, instant message, phone call, phone text, letter, or any other communication purporting to be from the Digital Cash Alliance and asking you to provide your login details, please be aware that such a communication CANNOT come from our team members and is not from us. You should treat it as a hostile communication; you should NEVER provide your login details to anyone asking for them.

16. Licensing of Published Source Code:

All Digital Cash Alliance client source code which runs on a user's computing device is published on the Digital Cash Alliance website, or can be obtained via links posted on our website. All such published source code authored by us is licensed under the Apache License, version 2.0 which can be obtained from the Apache Software Foundation.

17. Arbitration:

Any controversy or claim arising under this agreement or arising as a result of a dispute between Digital Cash Alliance and one or more user(s) shall be discussed among the parties to the dispute, shall be referred to competent mediator(s) as mutually agreed, and may be referred to an arbitrator appointed by mutual consent of the parties.

18. Waiver:

Failure to exercise or delay in exercising any right, power, or remedy hereunder by Digital Cash Alliance shall not operate as a waiver of that right, power, or remedy, nor shall any single or partial exercise of any right, power, or remedy of Digital Cash Alliance hereunder preclude any other or future exercise thereof or the exercise of any other right, power, or remedy.

19. Assignment:

The provisions of this agreement shall be continuous and shall inure to the benefit of Digital Cash Alliance, its successors and assigns, and shall be binding upon user and or the estate, personal representatives, administrators, agents, and successors of user.

Digital Cash Alliance may assign its rights and delegate its duties as to any or all aspects of this agreement. User shall not delegate any obligations hereunder without the prior written consent of a duly authorised officer of Digital Cash Alliance signed by the officer's Open PGP private key and counter-signed by at least one other duly authorised officer of Digital Cash Alliance by Open PGP key. Any attempt at such delegation without such consent shall be void.

20. Jurisdiction:

Members of the Digital Cash Alliance team are users of the Digital Cash Alliance technology and, as such, are functionally anonymous. Digital Cash Alliance has made no attempt to collect the identity and location particulars of any users.

Notices of actions against Digital Cash Alliance may be sent by e-mail to relevant members of the Digital Cash Alliance team. User agrees that Digital Cash Alliance team members are under no obligation to disclose their location, identities, or other particulars.

21. Severability:

In the event that any provision(s) of this agreement are determined by an arbitrator appointed by mutual consent of the parties of this agreement, or by a court of competent jurisdiction to be unenforceable, such provision(s) shall not be enforced in that particular jurisdiction, while the remainder of the agreement shall remain binding upon the parties as if such provision was not contained therein. The enforcement of such provision(s) shall otherwise remain unaffected and be enforceable in all other jurisdictions.

22: Entirety:

This agreement is the complete, entire, and whole agreement between user and Digital Cash Alliance and is intended as a complete and exclusive statement of the terms of the agreement. This agreement supersedes all other communications between the parties. This agreement may not be modified by third parties through the establishment of regulations, nor through the passage of laws, under any circumstances. User agrees to abide by the terms of this agreement notwithstanding user living in a jurisdiction that prohibits entering into this agreement. This agreement may be amended only upon execution of a subsequent agreement or upon user's failure to object within 10 days to modifications to this user agreement posted to the Digital Cash Alliance web site. This agreement cannot be modified by third party seizure of the Digital Cash Alliance web site.