> "When will it be useful for large retailers to accept e-gold?" When the e-gold economy is supported by a much larger mom&pop/'cottage farm' industry base. Even though there are many businesses accepting e-gold and more joining everyday, it is not enough to warrant the attention of the 'big boys'. Almost all that they see, if they even look, is the hyips and all they hear from the media is 'money laundering'. e-gold being accepted by the mainstream market will actually dramatically increase the number of scams and attempted 'money laundering', however it will even more dramatically increase the number of legitimate businesses & users. The ratio will be greatly in the favor of the legitimate businesses; just like it is today with the USD, GBP, AUD, etc... Another vital ingredient will be a efficient, secure POS device so that users don't have to worry and fret over whether this merchant (a car mechanic in a small town they've never been to nor will ever be back to OR the clerk at Nordstrom's) will surreptiously abscond with their acct# & passphrase. As I said before, this is in the works and I would rather not disclose the inner workings of it. A good watershed moment of when large retailers will probably take serious notice of e-gold and begin to accept it is when it's daily transaction volume exceeds US$1 billion. This is approx. the current daily transaction volume of the Danish Krone, and approx. twice the volume of the Irish Punt and the New Zealand Dollar. I did all the math for this for the last stats contest. http://www.mail-archive.com/e-gold-list@talk.e-gold.com/msg03208.html Given the current, and past, growth rate, e-gold should breach US$1 billion in daily transaction volume by April-May 2003. So the official answer of "When will it be useful for large retailers to accept e-gold?" is: In about 2 years. Viking Coder ________________ Worth Two Cents? http://www.two-cents-worth.com/?VikingCoder --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
