At 11:33 PM +0400 6/11/03, Mariman Center wrote:
>S> 1) No way. No how! There was no POSSIBLE way that OSGold was
>S> anything but a scam, because they were running OSOpps, which paid
>S> 45% return on principle every 3 months. Any and EVERY business
>S> which makes a claim like this is a SCAM -- period.
>
>
>You  are  right. So, WHY does e-gold let dozens (or maybe HUNDREDS) of
>e-gold accounts used for such scams ?

There are full time employees who repeatedly balance-limit
such accounts. Criminals are persistent. It's easy to demand
zero crime, but hard to cause it. So WHAT exactly should
e-gold do about this, besides what they're already doing?

>Moreover,  when I see such "services" like e-told, that kindly promote

Here's another issue, should they censor such people. A
disagreement with their economic ideas shouldn't affect a
minority's ability to use e-gold, IMO. Many people I know
have minority views on a variety of economic issues.

>such  "programs" that are of course scams, knowing that they of course
>use some e-gold accounts, WHY does e-gold shut their eyes ?
>

They have none, all they have is a user agreement with the
ability to do certain things, like value-limit accounts to stop
obvious frauds. The characteristics of better money make it
attractive to a wide variety of individuals, including a few 
greedy & bad ones. e-gold, as I've repeatedly said, is not a
legal system or a cop, it's just a currency. Expecting these
diverse functions (such as extensive investigation) from a 
currency isn't logical (or even desirable, IMO).

>
>S> E-Gold does not run the scams. Big difference. Honest people do not
>S> steal your money, and scams do. E-Gold is trustworthy. Those
>S> running scams are not.
>
>
>Yes, e-gold *is* trustworthy, no doubt, I think (and I hope :-)
>
>But  e-gold  also  allows  the  scams,  in the same way that those who
>helped  OSGold  to  withdraw their money by supplying debit cards, for
>example. Not more, not less.
>In other words... NO e-gold, NO scam.

What, exactly, would you do to a "scam" like The Gold Casino?

They take all sorts of money from idiots, after all (I include Jim
Ray among the idiots here). How should/can e-gold repel such
crooks (or real crooks, and how does one tell the difference? I
happen to think TGC is as honest as any casino) besides what
they're already doing right now?? Remember, many of these
couch themselves in the terminology of games, not investing. I
may not like them, but perhaps they don't like TGC, either! We
are free to boycott eachother!

>So,  IMO, if Graham or anybody else should be crucified, e-gold should
>be too.
>
>
>BTW,  those  people that believe they can get 40% by month (I even saw
>once  1,000%  in one month LOL) just doing nothing, NEED to learn what
>life is !

As I keep saying, the relatively-small returns offered by Ponzi-
himself function as proof of a worrying trend toward economic
illiteracy these days.
JMR


-- 
http://www.mark-knutson.com/

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