Seems to me e-gold is in it for the money. nothing really altruistic.
there has been little effort to expend e-gold into the commercial community.
Take a look at the list of merchants on their directory. Less than 20 for a
multi million dollar business?
If you are going to assess a company you do it not only by their financial
status but by their good will and social standing in the community and a host
of other things.
It seems to me that e-gold would rather take a back stage role in the gold
community and leave it to others (such as the newly launched Standard
Reserve? who seem more equipped to work at the coal face) than enter the
foray of the commercial world.
I think these is a definite place for a similar start up who is prepared to
interface with the world of commerce. A big launch into the world of
merchants (you have to start somewhere) with the message of security and no
charge backs would make many of them sit up and take notice. That would
attract your clients eager to avoid the security issues of credit cards in the
'net'.
Yes some time and money would be required but the possibilities are boundless.
Anyone interested in a start up of this nature? contact me.
Besides. e-gold could do with a little competition as well, might lift their
game somewhat.
>===== Original Message From [EMAIL PROTECTED] =====
>> I think e-gold needs to sell itself as a practical gold substitute, and
then
>> go and sell gold. But e-gold is not marketing itself in this manner. I am
>> not really sure how e-gold is marketing itself.
>>
>
>e-gold ltd. doesn't do much, if any advertising, do they? That's why
>they've been around for ~5 years and only have ~132000 accounts (30% of
>which were obtained in the past two months). They have been taking the
>turtle's route in this race.
>
>e-gold's, and every other private digital currency's (like PayPal),
>situation is the perfect example of a catch-22. Why should any consumer
>use a PDC when no business will accept it? Why should any business accept
>a PDC when no consumer is using it? They are two paths out of this
>quagmire. Either open the floodgates on your advertising expense accounts
>(i.e. PayPal), or build a loyal, tight-knit following through
>demonstration of a reliable, sustainable system. Both require large sums
>of money. However, there is a difference between $200 million over 10
>months and $3 million over 5 years.
>
>Once a company receives enough pressure to accept a PDC, they will. If
>Amazon received a million independent requests to accept e-gold, would
>they? Okay, so the accounting become much more complicated. Didn't we
>invent computers to handle complicated math and accounting?
>
>I don't belive e-gold should market, or even allude to, itself as simply a
>means of purchasing gold for investment. This could have the effect of
>bringing e-gold out of the scope of being a PDC. Why should e-gold even
>consider this? It would drastically shrink their primary stream of
>revenue; transaction fees. Why spend something that was bought solely as
>an investment? Why accept an investment in exchange for goods/services?
>Can you pay for your groceries with stock certificates?
>
>Viking Coder
>
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