James, > Is it? What if the so-called property is stolen money from an auction > fraud? The thief just goes to a market-maker with his stolen property and > exchanges the money for national currency, emptying his account. Then the > thief just opens another account and goes through the whole process of > another auction fraud again. What is morally principled about that?
I think your new policy http://www.goldmoney.com/en/cap.html is much better than the previous one where every account holder was required to mail ID. It seems relatively easy to comply with and does not overly inconvenience people who only want to carry out small transactions. In fact it is also better than e-gold's. They have something broadly similar but they only tell you about it after you put the money in the account. I still think common sense is the best anti-fraud policy. We have never asked anyone for a utility bill, we have never rejected a third party payment, and we have never had a single complaint about auction fraud. Regards Nick Fidex --- 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.
