To be precise, they are mass-based holdings (grams, troy oz).  Else your
e-gold would change in value relative to its distance from the center of the
earth...

----- Original Message -----
From: "Viking Coder" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Sent: Tuesday, July 17, 2001 3:54 PM
Subject: [e-gold-list] Re: Questions?.....



> > >Why do some otherwise ostensibly intelligent GBC  dealers trade in
> > >highly suspect crap like OSgold?
> >
> >   They obviously don't share your taste.
>
> They are businessmen. They will sell what their customers want to buy.
> However, it is interesting when they complain about e-gold being used for
> HYIPS/scams/etc... and then buy/sell OSgold.
>
> How many of the other GBCs run, or even endorse, guaranteed investment
> plans? Until OSOpps actually launches (they are still in their 2nd
> pre-launch phase), they are nothing more than a simple pyramid scheme.
> "Pay $85 to enter and then we will pay you $15 for every person you
> refer". This EGBC (ether GBC) has probably gained the vast majority of
> it's membership from HYIP runners and seekers, becuase that is who they
> were promoting themselves to. Besides, the scammers don't care if the
> currency they use is stable (after all, they aren't), gold-backed,
> redeemable, etc... Hardly any of them even get the concept of weight-based
> holdings.
>
>
> > Just a few months ago, when e-gold was on the only one, people talked
about
> > e-gold, but that is no longer the case.  There are not various GBCs and
people
> > will advertise the ones they like, and point out the downfalls in the
others.
>
> However, this is still the **e-gold** list.
>
>
> >   Also, IMO, its hard to promote something that doesn't promote itself.
>
> 'Tortoise and the Hare'...
>
> They've done pretty well without a full-force marketing dept.
>
>
> > If you look at the various GBCs, you'll notice that e-gold has pretty
much
> > been left behind in the industry they started.
>
> They still seem to be the most widely used and accepted of all the GBCs to
> me.
>
>
> > Standard Reserve has a debit card attached to their accounts
>
> Only to the SR-USD part of the account, not the SR-AUG part.
>
> SR charges some pretty high fees for the debit card and for account
> holding/maintenance. Their accounts are good for quick&inexpensive
> international money transfers, but not so practical for normal day-to-day
> usage.
>
> e-bullion hasn't posted the vital stats on their cards yet, but their
> transaction fees seem pretty steep (1 flat fee equiv. to e-gold's maximum
> fee for all transactions).
>
>
> >   I personally have promoted the hell out of e-gold.
>
> And have started to pretty much dis-promote it lately. Given your last few
> posts, you seem to be increasingly belligerent towards e-gold.
>
>
> > But its has become harder and harder to promote it when IMO 80% of its
> > circulation goes towards something that I would rather not know about
(scams,
> > HYIP, etc..)
>
> And OSGold is any better? e-gold has the lion's share of the scams in the
> gold economy because they have the lion's share of the gold economy. It's
> that simple. We had all wished that the scammers would all vacate for
> OSGold (who seems to want them), but it hasn't happened. The scams will
> not just simply 'go away'. They are a part of human nature. They were here
> long before e-gold and will continue to be around until the end of time.
> However, there are also many legitimate users & merchants.
>
>
> Viking Coder
> ________________
> Worth Two Cents?
> http://www.two-cents-worth.com/?VikingCoder
>
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