Hello John, > Cambist has a total spread of only 2.5%. I don't think it is > physically possible to lower the barriers of entry any further.
What if a large enough group of exchangers agreed to sell at spot (+ a flat fee of $5.00) and charge high fees (4-5%) for outexchange? If we get critical mass of about 60% of total in-exchange volume, then in a matter of weeks all non-joiners are stocked with gold to the sealing and out of cash because nobody wants to buy from them. That, in turn would force all others to come on board, wouldn't it? Of course OmniPay could be shortsighted enough and buy it all off them at 2%. But make no mistake, when Omni buys e-gold then the effect is altogther different from when you or me or anyone else buys it. After all, Omni is essentially e-gold's mint. Hence, every $1.00 worth they buy is a $1.00 worth of e-gold less in circulation. I honestly can't fathom that the people who invesnted the concept of an electronic gold-currency would be short-sighted enough to be ruled by greed and kill their own cash-cow in the process? Now, almost everybody here preaches about free markets. What if we excercised that freedom and together decided on a new spread? I'm sure Omni would come around. After all, we don't want to abolish the spread - far from it - we are just suggesting to redistribute the load, off the consumers while not changing much for exchangers, and onto the Merchants, who will bitch and protest, but wear it anyway. After all, most merchants charge the same for e-gold payments as they charge for card payments. So they have a spread already built-in. And then there is something that nobody has considered yet. Remember how everybody is moaning about HYIP operators and scammers? How would they explain to their victims up front that yes, they will receive 5-10% per week every week but unfortunately the outexchange will cost them 5%. Wouldn't that in itself curb interest in HYIP systems. The way it is right now, HYIP members are being hit with 2-5% ONCE, up front when buying e-gold. With the system I am suggesting they'd be hit each and every time they make a withdrawal so to say. It's almost like charging income tax... ;o) Food for thought, I hope. Cheers, Robert. 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.
