I meant to post my original reply to Snowdog to the list,
forgot it is set to reply to sender so here is the whole
exchange.
Without getting into why government snooping into private
business transactions bothers me, my point was, such a
transaction requires the receiving business to do work that
they normally would not have to do, would they want to do
that when they could just say, "Just write us a check"?
Just to see the reaction, go around to the car dealers in
your area and tell them you want to buy a new car but, you
will be paying in cash, not by check and see how they react.
Or, try paying cash for a large piece of industrial
equipment. I'm not saying that it couldn't be done, I just
don't think it is going to be received with open arms.
Gary
----- Original Message -----
From: "SnowDog" <[EMAIL PROTECTED]>
To: "gary" <[EMAIL PROTECTED]>
Sent: Wednesday, February 28, 2001 9:08 AM
Subject: Re: [e-gold-list] Re: and wouldn't TWC be to die
for!
> Why does it matter? Thousands of businesses, everyday,
follow US government
> regulations. Why does this bother you?
>
> Craig
>
> ----- Original Message -----
> From: "gary" <[EMAIL PROTECTED]>
> To: "SnowDog" <[EMAIL PROTECTED]>
> Sent: Wednesday, February 28, 2001 7:53 AM
> Subject: Re: [e-gold-list] Re: and wouldn't TWC be to die
for!
>
>
> > Assuming that you could find a dealer to take e-gold for
the purchase of
> > a car or a business that would sell your business some
expensive
> > equipment and take e-gold for payment. would the
receivers of that
> > payment and/or e-gold now be required (at least in the
US) to file a
> > government report of a $10,000+ cash transaction? If
so, would they
> > want to bother with that type of business?
> >
> > Gary
> >
> > ----- Original Message -----
> > From: "SnowDog" <[EMAIL PROTECTED]>
> > To: "e-gold Discussion" <[EMAIL PROTECTED]>
> > Sent: Wednesday, February 28, 2001 8:16 AM
> > Subject: [e-gold-list] Re: and wouldn't TWC be to die
for!
> >
> >
> > >
> > > > Once again, I applaud your rationalizations! Too
little effort
> > appears
> > > > to be aimed at attracting the larger merchant
organizations to
> > accept
> > > > e-gold. As a fellow Market Maker, it appears that
the bulk of
> > e-gold use
> > > is
> > > > still limited to the many investment
games/ponzis/pyramid programs
> > out
> > > > there.
> > >
> > >
> > > I believe there will always be two kinds of money in
this world,
> > because
> > > there are two fundamental types of transactions:
> > >
> > > 1) Consumer controlled transactions, where the
Consumer will demand
> > the
> > > final say in the transaction;
> > >
> > > 2) Seller controlled transactions, where the Seller
will demand the
> > final
> > > say in the transaction.
> > >
> > > Transactions which are driven by consumers include
relatively small
> > value
> > > items with large price mark-ups. With consumer
merchandise, sellers
> > can
> > > accept some charge-backs and bounced checks, and still
make a profit,
> > > because their mark-up is high, and their sales
increase substantially
> > when
> > > they allow the consumer to use his credit card. For
these types of
> > 'soft
> > > money' transactions, people can use credit cards,
personal checks,
> > money
> > > orders, and the new third party payment services, like
PayPal.
> > >
> > > However, one would never consider using a credit card
to purchase a
> > new car,
> > > or a house, or to make a payroll, or make a B-2-B
payment. These types
> > of
> > > high-dollar transactions, where the seller cannot
afford to have a
> > payment
> > > reversed, will be controlled by the seller, and he has
a need for
> > 'hard
> > > money' which he can rely on to fulfill the transaction
without the
> > > possibility of a reversal. This is where e-gold comes
in. E-gold is
> > TOO
> > > expensive to be used to purchase consumer merchandise,
and will
> > probably
> > > NEVER be used for this purpose. However, it is PERFECT
for a
> > large-value,
> > > low-markup transaction, and will probably find its
niche here. A
> > consumer
> > > will not want to spend his e-gold on a new toy, but he
will be glad to
> > use
> > > it for a new car, a vacation, perhaps a new house, to
make a payroll,
> > and
> > > perform other business transactions.
> >
>
>
---
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