Here's why. Substitute "Yen" when he says or means "grams of gold" and you'll see that it does not make sense anymore. A big multinational won't LIKE having another currency to deal with, but they're entirely used to dealing with a variety of currencies every day, and with computers it's no big problem for even relatively-small businesses to calculate capital gains and losses (I'm at a loss as to how storage or spend fees play into this, especially since one gets calculated in weight and the other in dollars). Clearly not all financial activity in the e-gold system is reported to tax authorities, nor should it be IMO. That makes e-gold no different than dollars, and the federal government will probably figure that out, eventually, after wasting lots of time and money first. I also think the root of e-gold and OmniPay's customer service problems is indeed scams like "ebiz," which appears to be merely a particularly brazen and well-done Ponzi scheme. If I am wrong about this (I have not signed up for their service, as I don't trust them with my gold!) then could one of their proponents please give a coherent answer as to exactly what business they DO do??? One guy on the free-market.net board suggested they're identity takers, which makes sense, considering they want your tax info while failing to identify themselves to you in any way. No response to him yet from the scammers... Anyway, the problem with scams is that it brings a new and much stupider crop of folks in to try and understand e-gold, which has never been that simple even before scams started misrepresenting grams as "dollars," because it makes the scammin' easier than a truthful explanation. BUT, stupid as these newcomers are (and we've spent the last week watching them get skewered here, apparently Delphi's more welcoming to idiots with more hope than sense!) it's hard to feel sorry for them, because even they know it's a scam, and these fools seem universally to be relying on an even- greater set of fools to come along & double/triple their money in X days. The problem is that even dimwits, thank god, have limits on how fast they can breed, and scams are so desperate and running out of morons that they actually refer to the failures of previous scammers instead of just keeping mum. Stupider people take more customer service time and money than college-educated, hard money conservative economics types that used to populate this list in the old days before scams like ebiz came along, and we suffer for it if we need help from OmniPay... Will scams ever go away entirely? No, not as long as greed accompanies stupidity, BUT I predict Glencannon is exactly wrong, and that more "mainstream" companies WILL pick up e-gold. They're sheep, and they're not especially smart, but all it takes is one and the rest will follow [while saying it was their idea]. I predict even the mainstream media will finally notice e-gold next year, and they will grow like mad then. In fact, I think that Amazon.com is going to have an e-gold account 365 days from now or, alternatively, they'll be in bankruptcy. e-gold seems to be about the only thing that can save both them and a lot of other fundamentally-fucked-up dot.com's, and that's going to work to all our benefits (even Glencannon's) in the gold economy next year. IMNSHO, YMMV, etc. jammer99 Barbara Feldon rulez 86 IMPORTANT NOTICE: If you are not using HushMail, this message could have been read easily by the many people who have access to your open personal email messages. Get your FREE, totally secure email address at http://www.hushmail.com.
--- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
