At 2:26 AM -0400 6/26/03, Robert S.Z. wrote:
...
>The current system really benefits no-one. On the contrary, because of
>larger hoardes of a few individuals, real circulation growth is dropping.

Er...Have you examined Examiner lately??? It's apparently dropping
and growing at the same time! What you've really found out is that
the spot price rise affects customers more than a spread, which is
fine and as it should be. There's no reason for e-gold spreads to be
any different from any other exchange business sold currency, it's
just another currency to sell!

>This reduces transaction fee revenue for e-gold Ltd, and everyone else
>(apart from HYIP and gold games) is suffering from what appears to be a
>shrinking market in real terms.

Or maybe http://stats.e-gold.com ?? Self-interested prevarications
aside, what's happening is get paid to read email stuff (in other words,
e-gold is effectively stopping spam, the hard, quiet way). Speculation
(especially math-challenged speculation!) about "games" is just that:
speculation -- when it's not also prevarication that is! The "games" all
spam, and all get shut down or fail eventually. They're a tiny part of
the economy at this point, because they've not grown as fast as the
legitimate businesses (whose e-gold accounts DON'T constantly get
value-limits -- lots of dissembling, self-interested rants & allegations 
to the contrary notwithstanding!).

>Less market participants, less new merchants entering. Less new merchants,
>less new participants - a downward spiral.

Not reflected at http://stats.e-gold.com -- which seems to have an
upward bias these days...
JMR
 

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