> can someone condense the recent spread arguments down to a > sentence or paragraph? > > am i right in thinking everyone thinks exchangers should have > a spread between bid and ask, but are discussing how that > spread should be centered? > Hello Jay,
It does appear that most people agree that MM are doing a great job and hence deserve to live. So yes, there is no question about there being a spread. However, I am arguing that in-exchange should be at spot and people should be punished for trying to out-exchange. It makes things more profitable for e-gold easier for normal users and for exchangers nothing much would change. The ones that would bear the backlash of this change are the merchants, who can simply adjust their prices accordingly and everybody benefits. So yep, spread has to be, now surcharge on e-gold purchases just doesn't kick as well as a punitive discount on e-gold sales would. Get them in, make them comfortable and if they want to leave, then they'll have to leave 5% of their dollars in gold behind. JP, you and me, we both know that it's not that simple, as much as we'd like it to be. For e-gold to become a viable substitute for paper, we need much much much more trade, infrastructure, users, etc. Well and that is why I'm spending all this time here, trying to convince some of the senior members to look behond their plate and think out of the box... Cheers, Robert. PS - I need more post allocations :o) budget & privacy website hosting http://www.cyberica.net budget & privacy domain registrations + mail http://www.u2planet.com/cfdomaintrust.html --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] 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.
