Hi, Well, I don't agree.
Imagine someone wants to pay $100 for a product with e-gold. To purchase e-gold they have to pay anywhere from 18% (CC) to 5% premium, already they are at a loss of $5 to $18. Now they pay their merchant with e-gold. The merchant received e-gold, and knows that he can get a 1% premium on e-gold. So unless he anticipates that he absolutely has to pay with e-gold for a product or a service in a near future, he gladly sells it. The next time he needs to purchase something, he will most likely have a choice of paying by a credit card, or by e-gold. Naturally, for most people payments by credit cards don't have any premiums, so, unless he has a good reason to the contrary, he pays by credit card. Credit card payments can be reversed, so he feels a little more secure about internet transactions involving credit cards. Now, if it was somehow possible to move the cost e-gold from the buyer to the seller, then perchaps e-gold would have a chance. Untill that happens I see e-gold confined to a niche markets. The way it is right now, it will takie off for mass payments. Kind regards, Adam =================================================== http://www.cryptoheaven.com Secure email & online storage - 256 bit encryption. =================================================== > > It is a spread that has to be considered as one. If you look at e-gold > > as a currency, the spread is probably around 3-4% which is the same > > you would expect to pay retail if you were changing between any major > > currency - for example US dollars to Canadian dollars. > >I think the average spread for e-gold is more like 4-5%+ and the >spread for USD/CAD is 1.5% or so. I think the spread for DGC's >will trend towards 2% as the market mature. > >If the e-gold spread is that high, it is because users agree to pay. _________________________________________________________________ Chat with friends online, try MSN Messenger: http://messenger.msn.com --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
