[e-gold-list] Aussie bank fees

2001-06-17 Thread David Hillary

Australia reportedly has the second highest bank fees in the world, with
customers paying an average of $360 a year in bank fees.

The Cruikshank Report, carried out for the British Parliament, found that
British consumers pay just $30 a year, and US bank customers pay $150 a
year, while fees in countries like France and Germany are also far below
Australia, The Sunday Telegraph reported.

The British report also said Australia has the world's highest charges for
using the Automatic Teller Machines (ATMs).

The Telegraph said Australia's record bank fees and charges were accompanied
by record profits.

Fair Trading Minister John Watkins told the paper the high Australian
charges showed banks were treating customers like milk cows.

Describing the situation as bank robbery, the minister said the findings
warranted a commission of inquiry into banking competition.

Meanwhile, the paper quoted federal Financial Services Minister Joe Hockey
as saying customers can significantly reduce fees and charges by better
using services.





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[e-gold-list] EFCE

2001-06-17 Thread Bob

 Subject: 
 EFCE - everything you ever wanted to know about Financial Cryptography
   Date: 
 Sun, 17 Jun 2001 11:28:55 -0400
   From: 
 Ian Grigg [EMAIL PROTECTED]
 To: 
 Digital Bearer Settlement List [EMAIL PROTECTED]
 
 
 EFCE 01 is almost upon us.
 
 It goes without saying that the answers to all these business
 questions that are floating around the net -- for the umpteenth
 time -- are at EFCE.  Because we insist on running code demos,
 we cut to the core of the question.
 
 upbeat
 
 Got a problem understanding why ecash isn't in widespread use
 today?  You'll see why at EFCE!
 
 Is one technology better than another?  See them in action.
 
 Can't differentiate between opposing views?
 
 Make up your mind from RUNNING CODE, not by reading how one
 journalist argues with another about the relevance of one
 over-hyped view against another.  Don't be mislead by those
 wordy experts;  they have no running code, but you will, at
 EFCE.
 
 Want to know how to enter the business?  There are several
 systems on display at EFCE, of course.  One third of all
 presentations made or advanced deals last year, making EFCE
 the most concentrated event in the field.
 
 What's it used for?  Applications, actual, real, running,
 user applications will be presented.  Only at EFCE.
 
 /hype
 
 Of course, EFCE's not really about hype.  We are on a mission
 to cut through the mystery.  Join us and vote on whether we're
 successful.
 
 http://www.efce.net/  this coming friday  saturday.
 
 -- 
 iang
 

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[e-gold-list] Aussie bank fees, GST, other taxes, sharks, snakes and crocodiles.

2001-06-17 Thread Ian Green

 -Original Message-
 From: David Hillary [mailto:[EMAIL PROTECTED]]
 Sent: Saturday, 16 June 2001 6:38 PM
 To: e-gold Discussion
 Subject: [e-gold-list] Aussie bank fees


 Australia reportedly has the second highest bank fees in the world, with
 customers paying an average of $360 a year in bank fees.

 The Cruikshank Report, carried out for the British Parliament, found that
 British consumers pay just $30 a year, and US bank customers pay $150 a
 year, while fees in countries like France and Germany are also far below
 Australia, The Sunday Telegraph reported.

 The British report also said Australia has the world's highest charges for
 using the Automatic Teller Machines (ATMs).

 The Telegraph said Australia's record bank fees and charges were
 accompanied
 by record profits.

 Fair Trading Minister John Watkins told the paper the high Australian
 charges showed banks were treating customers like milk cows.

 Describing the situation as bank robbery, the minister said the findings
 warranted a commission of inquiry into banking competition.

 Meanwhile, the paper quoted federal Financial Services Minister Joe Hockey
 as saying customers can significantly reduce fees and charges by better
 using services.

SNIP

If this is per account, then you need to shop around! I have several
accounts and I would not pay any more bank fees than the stated British
consumer. Surely this 'report' is prepared simply to make the British
government look good? I have never paid a cent in ATM fees. Apparently every
other countries' banks *pay* customers to use their ATMs if they are all
cheaper than Australian ATM fees? ;) It is always easy for politically
sponsored studies to create an alarming figure based on the choices of
fools. In my experience almost everything is cheaper in monetary terms in
Australia than the United States (and even more so compared to the UK),
including bank fees, and especially credit card fees and interest rates.
Some of those American low interest credit card offers I see in spam have
the most usurious contract terms beyond belief for those used to Australian
financial institutions. 'Caveat emptor' remains valid despite, through a
plethora of government consumer legislation, the rise of 'caveat vendor'.

Also, someone (else) suggested sausages attracted (10%) GST in Australia. Go
to a supermarket. Every item with GST will be indicated on the receipt.
Hardly anything on my shopping list will have GST, unless one lives on corn
chips, chocolates, and fully prepared foods from the deli. One may even buy
large bottles of Coke without GST, though the price of small bottles from a
vending machine includes GST. One thing that is good about the GST compared
to sales tax (in USA) is that prices (in shops) are all displayed
*including* the GST, so there are no nasty surprises at the checkout.
Furthermore, the effect of removal of the former 22 to 33 percent sales tax
meant that for most things, even if they incurred the 10 percent GST, the
prices went down, when the tax changes came into effect. Furthermore still,
supermarket and other prices (except for hi-tech imported goods such as
cars, hi-fi and computer equipment) in Australia with or without GST are
usually cheaper than American prices and *much* cheaper than UK with their
15 percent VAT. I bought petrol (gasolene) on Friday at 80.5 cents (about 41
US cents) per litre including GST and about 50 percent other taxes. How does
that compare with UK? The main inflationary effect on Australian prices
since the middle of last year has been exchange rates.

Someone else also suggested that citizens of certain countries (including
Australia) may overplay the problems in order to discourage (legal and
illegal) immigration. Maybe they saw the scare campaign the Minister for (or
against?) Immigration was taking around south Asia warning people of the
dangers of the sharks, deadly snakes and crocodiles they would have to
contend with if they tried to illegally reach Australia? ;) Anyway, I do not
think this was the motivation. Rather, there are many people with a natural
tendency to complain rather than simply to take their business elsewhere.
Don't like bank fees? Go to a cheaper bank or to a credit-cooperative (that
typically provide most banking services, but do not charge monthly fees, nor
most transaction fees). The biggest hand in the pockets of bank account
holders is actually the government, with their Bank And Deposits (BAD) Tax
(only charged on accounts with a cheque facility), and the much smaller
Financial Institutions Duty (FID) which is being phased out due to the GST
legislation.


Ian Green
http://two-cents-worth.com/?107242



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[e-gold-list] RE: New Kid On The Block

2001-06-17 Thread Ian Green

 -Original Message-
 From: Michael Moore [mailto:[EMAIL PROTECTED]]
 Sent: Sunday, 17 June 2001 1:28 PM
 To: e-gold Discussion
 Subject: [e-gold-list] New Kid On The Block



  And who determines the validity of the eCTA (eCurrency Trade
  Association)what recourse is the against eCTA if they fail in
  their duty.


 Sir,

 The eCTA has been given the support of goldmoney, osgold and Standard
 Reserve at the time of writing and there are 13 Market makers, Exchange
 Providers and Cambios currently undergoing the strict verification
 process required to be a member in good standing.

 In addition as per the terms  conditions of membership in the eCTA,
 any member found to be breaching the code of conduct or Charter of the
 eCTA will suffer disciplinary measures up to and including loss of
 membership depending on the severity of the case. Loss of membership
 also means loss of Accreditation.

SNIP

*Having* the support of OSgold casts serious aspersions on the credibility
of the eCTA. *Not having* the support of e-Gold reinforces any negative
impression this gives. I won't even attempt to rehash the former discussions
this group has had on OSgold. Any interested person can simply search the
archive for messages relating to OSgold.


Ian Green
http://two-cents-worth.com/?107242



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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread Viking Coder

 The eCTA has been given the support of goldmoney, osgold and Standard 
 Reserve 

So the eCTA has the support of a new-comer psuedo-GBC (150% backed, of
which only 50% is gold) that offers guaranteed HYIPs, but not the support
of a true GBC that has been active for 5 years. How is this supposed to
bolster it's credibility?


Viking Coder

Worth Two Cents?
http://www.2cw.org/VikingCoder

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[e-gold-list] eCurrency Trade Association Inc.

2001-06-17 Thread Michael Moore

In light if recent comments and so that people have a clear idea of what the
eCTA represents here is the Mission Statement Purposes and Charter of the
eCTA.
This will be displayed on the eCTA Web Site when it is completed.

~ Mission Statement ~

To provide and maintain a professional standard of ethics  guidelines for
the eCurrency and gold economy within which each member can operate securely
and their rights may be protected in order to service their clients and
customers and the gold economy

~ eCurrency Trade Association Inc. Creed ~

All members of the Association are expected to follow the Creed of the
Association

1. I promise to operate in an honest and ethical manner.
2. I promise I will do all I can to service my customers as quickly and
efficiently as possible
3. I will represent the Association in a professional and ethical manner.
4. I will report all incidents or occurrences of fraud I encounter to the
authorities and the Association.
5. I will never disparage the Association or it's members or clients in any
way.
6. I promise to support my fellow members in adversity to the best of my
ability
7. I promise to maintain my allegiance to the Association and it's members.
8. I promise to maintain my accreditation within the Association by
upholding the professional standards expected of me as contained within this
Creed and the legal requirements as laid down in the Charter and bylaws of
the Company and by being financial at all times.
9. I will not use the Association as a platform for any other philosophical
or political agenda.
10. I will strive to present myself as a shining example of the Gold Economy
to other members, our clients  customers, other businesses and the world in
general.

eCurrency Trade Association Inc.
~ Charter ~


Purpose  Objectives

The purpose and objectives of the eCurrency Trade Association Inc.
(hereinafter called the Association) are to unite the member group so that
it may:

Promote and maintain the highest professional standards of business practice
among its members.

Maintain standards for entry to the Assoc.

Promote the interests of the member of the group.

Develop and improve processes for the safe and secure business development
of its members

Encourage cordial relations between the members and affiliated and
non-affiliated businesses and other professional bodies and associations
around the world.

Keep abreast of international developments in the e-currency economy
affecting, principally the gold economy, but also encompassing all other
e-commerce

Membership

Members are those persons  bodies admitted to membership of the Association
and who have been accredited by due process of accreditation and are in
conformity with the Charter and Bylaws of the Association.

Classes of membership are:

Individuals,
Firms, Partnerships, Corporations, Other.
Honorary

All applications must meet the following requirements to be admitted as a
member in good standing and fully accredited.

1.1 The applicant has submitted substantiation to show that he/she/or it in
the case of a business, is running a bona fide business known in the
industry as a Market Maker or Exchange provider or Cambio and/or other such
description as the Association deems fit.
1.2 applicant has been attested to be a person of reputable character.
1.3 The applicant upon admission agrees to and is able to comply with the
requirements of the Rights of Members, the Creed and the Charter of the
Association.
1.4 Honorary members shall not receive a certificate of admission, nor shall
they use the designation of the Association to show accreditation but their
membership shall be honorary only.
1.5 All successful and accredited applicants, with the exception of
honorary, shall receive a certificate stating their accredited membership in
the Association and shall be entitled to display such certificate for public
perusal.

Conditions of entry as a member of the Association.

2.1 Must supply full name, address, and contact points, Name type and
registration of business and place of business with contact points.
2.2 Notarized statement that the applicant is in business in conformity with
point 1.1  above.
2.3 Has not been declared or discharged bankrupt during the past 3 calendar
years.
2.4 Acknowledge that this membership is a membership only and not a
contractual agreement of business and the Association is not responsible for
the business ethics or standing of the member and is not responsible for the
taxes or business expenses of the member.
2.5 Member must acknowledge that they are solely liable for any risk,
including but not limited to any financial risk in the running of their
business and the Association plays no part in the running of the member's
business.  The member is solely responsible for observing the laws, local as
well as national and international, and any regulations, legislation as laid
down and requirements for the servicing of their customer and clients.
2.6 The member must have a web 

[e-gold-list] RE: eCurrency Trade Association Inc.

2001-06-17 Thread Samuel Mc Kee


 
 1. I promise to operate in an honest and ethical manner.

Such as refusing to promote guaranteed high-yield investment programs?



 6. I promise to support my fellow members in adversity to the best of my
 ability

That's mighty nebulous! 

 7. I promise to maintain my allegiance to the Association and 
 it's members.

What is it, a cult?



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[e-gold-list] Re: eCurrency Trade Association Inc.

2001-06-17 Thread George Matyjewicz

At 05:25 PM 6/17/2001, Michael Moore wrote:
In light if recent comments and so that people have a clear idea of what the
eCTA represents here is the Mission Statement Purposes and Charter of the
eCTA.
This will be displayed on the eCTA Web Site when it is completed.


Just to clarify, Standard Reserve has always had a standards of 
conduct requirement from it's agents, as published  in our 
Agent's Agreement.  It gives us the right to reprimand an agent 
for misconduct (which we have done) and to terminate an agent for 
not adhering to our high standards.  And, yes, we did terminate 
an agent even though the potential revenue from that agent was 
quite high.  Our customers come first.

Unfortunately, an association like eCTA doesn't carry much weight 
unless it is licensed, like the Bar Association, or the AICPA or 
other such organizations.  Decades ago the Data Processing 
Management Association (DPMA) tried to certify it's members (CDP) 
to give credibility.  It died, since DPMA wasn't recognized as a 
licensed group.  Rather it was a quasi-educational and social club.

George

__
George Matyjewicz,  President/General Manager
Standard Transactions (BVI) Limited
World Wide Currency for the World
http://www.standardreserve.com
mailto:[EMAIL PROTECTED]


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[e-gold-list] Re: eCurrency Trade Association Inc.

2001-06-17 Thread Bob

George Matyjewicz wrote:


 Unfortunately, an association like eCTA doesn't carry much weight
 unless it is licensed, like the Bar Association, 

George,

We in the US do not have a choice but to deal with licensed lawyers.
What? There's a bunch of unlicensed lawyers sitting around out there
waiting for business to come their way? We don't have any choice in
the matter because of the government. That's why the ABA has weight.
It's legally taken choice away from us here in the US.

Licenses are just an anti-competition thing. They certainly don't
mean you're good at what you do as lawyers, doctors and pipefitters
have demonstrated over and over again. 

Why should anybody pay a government for permission to work? That
doesn't make any sense, George. It's rediculous concept.

If money changers should be licensed, why shouldn't private money
producing companies be required to be license by the government?

Why wouldn't you be advocating that next?

 George
 
 __
 George Matyjewicz,  President/General Manager
 Standard Transactions (BVI) Limited
 World Wide Currency for the World
 http://www.standardreserve.com
 mailto:[EMAIL PROTECTED]
 
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[e-gold-list] Re: eCurrency Trade Association Inc.

2001-06-17 Thread Julian Morrison

Michael Moore wrote:
 5. I will never disparage the Association or it's members or clients in any
 way.

Which translates to I will not slag off OSGold despite them backing
HYIPs and being a currency that calls itself `gold' but denominates
value in dollars, and other such antics.

 9. I will not use the Association as a platform for any other philosophical
 or political agenda.

Why not?

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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread jpm

 The eCTA has been given the support of goldmoney, osgold and Standard
 Reserve

So the eCTA has the support of a new-comer psuedo-GBC (150% backed, of
which only 50% is gold) that offers guaranteed HYIPs, but not the support
of a true GBC that has been active for 5 years. How is this supposed to
bolster it's credibility?

Viking Coder


I think the bottom line is e-gold won't put up a link to anything 
that has much to do with OSGold.

FWIW, the eCTA crew appear to be decent, well-organized, and not a 
propaganda arm for hyips!!

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[e-gold-list] GG - e-gold

2001-06-17 Thread jpm

I've probably asked this before; sorry - who out there generally 
swaps goldgrams  to e-gold?  And what r Ur rates?

talking kilo quantities.

Thanks again!
JP


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[e-gold-list] Re: eCurrency Trade Association Inc.

2001-06-17 Thread George Matyjewicz

At 06:42 PM 6/17/2001, Bob wrote:
George Matyjewicz wrote:


  Unfortunately, an association like eCTA doesn't carry much weight
  unless it is licensed, like the Bar Association,

We in the US do not have a choice but to deal with licensed lawyers.
What? There's a bunch of unlicensed lawyers sitting around out there
waiting for business to come their way? We don't have any choice in
the matter because of the government. That's why the ABA has weight.
It's legally taken choice away from us here in the US.

Yes.  They are called Paralegals and are legal in many 
states.  And they are called accountants or tax preparers, rather 
than CPAs.  The difference is if you want to deal with the court 
you need a lawyer, or with investors you need a CPA.

Licenses are just an anti-competition thing. They certainly don't
mean you're good at what you do as lawyers, doctors and pipefitters
have demonstrated over and over again.

How else does one evaluate a professional?

Why should anybody pay a government for permission to work? That
doesn't make any sense, George. It's rediculous concept.

Who is suggesting paying for permission to work?  Licensing can 
be an education issue.  CPAs are licensed by the state board of 
education, not the government.

If money changers should be licensed, why shouldn't private money
producing companies be required to be license by the government?

Who said they should be licensed?  I said an association that is 
not a licensing body is merely a trade association, and has 
little weight in the business world.   Does the Web Consultant's 
Association mean anything?  Would you select a Web consultant 
because he/she was a member of that association?

I personally believe the eCTA is a good thing.  However, I don't 
know if it will make the general public feel any better.  Let's 
give a scenario here:  assume an exchange agent decides to offer 
poor service to a customer, or rips off a customer.  Will the 
eCTA black ball that agent?  What if it's not true?  Will the 
eCTA run the risk of being sued for defamation of character?

If it doesn't protect the public or settle arbitration, then it 
is merely a trade association organized for the benefit of it's members.

George



__
George Matyjewicz,  President/General Manager
Standard Transactions (BVI) Limited
World Wide Currency for the World
http://www.standardreserve.com
mailto:[EMAIL PROTECTED]


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[e-gold-list] Accreditation vs Licensing

2001-06-17 Thread Ken Griffith

Accrediting boards have traditionally been used in academia instead of
licensing, and it seems to work as well as or better than licensing.  The
accrediting board is not controlled by the government, but builds its own
reputation on the strength of the schools that it accredits.

Since the eCTA is not merely selling memberships, but offering a strict
accreditation process, one would think that it would carry some weight, just
like a positive rating from the Better Business Bureau does in the US.
Preferably it should receive its funding from a source other than the
businesses that it accredits, so as to remove conflict of interest
pressures.

On the Internet peer review is feasible and practiced in many fields where
it wasn't practical before.  I've seen quite a few people ask for input from
the e-gold list before choosing a market maker.  Word of mouth has worked
for millenia.  The Web brings it back.

As was pointed out before, licensing by the government has never proved to
be a screen against bad operators.  Instead it is used by the established
bad operators to keep out the competition.  There are plenty of incompetent
licensed attourneys, doctors, and plumbers out there...

Ken


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[e-gold-list] the eCTA

2001-06-17 Thread jpm

Again, I think while many armchair criticisms can be made of the eCTA 
(which hasn't even had a chance to start up yet, for goodness sake), 
at least it's out there and it's a great beginning.

Three cheers for the huge time  money effort involved.

Most stronger associations historically started as just groupings, 
weaker associations and slowly added external accountability / 
internal regulations.

What we have at the moment:

(*) the directory page on the e-gold site

, which is low comedy legally and in terms of marketing usefulness.

Once the eCTA starts up, we will have the eCTA.  Will it be perfect, 
I'm sure not, will it be a great step forward, probably, will it be 
improved in the future, also probably.

Again, three huge cheers to the eCTA for getting off their ass and 
doing something constructive and positive.


(I am not a member, my comments are independent.)


It's worth remember the straight talk aspect here - until e-gold 
sells banner ads on the spend page, e-gold is a joke.  The only 
current marketing angle for e-gold related enterprise is

say, we can get customers from the e-gold mailing list

That would be (duh) why there are no e-gold-related business 
ventures, except a few joke and demo ones.

It is .. not .. real .. complicated.


The eCTA is among other things a response to this basic (fatal) flaw of e-gold.






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[e-gold-list] read all about it

2001-06-17 Thread jpm

Bob's column celebrates six months on Bananagold 
http://www.bananagold.com/bob.html with today's issue

Keep up with the technical side of the gold and currency markets with Bob.

Also, be sure to spend ALL your e-gold at Bananagold.  Even if you 
don't need anything from Amazon (books, DVDs, music, software, 
computers, PALMs, whatever), RUSH to bananagold.com and spend all 
your gold there.  Just buy things randomly.


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[e-gold-list] Re: Accreditation vs Licensing

2001-06-17 Thread Julian Morrison

Ken Griffith wrote:
 
 As was pointed out before, licensing by the government has never proved to
 be a screen against bad operators.  Instead it is used by the established
 bad operators to keep out the competition.  There are plenty of incompetent
 licensed attourneys, doctors, and plumbers out there...

Plus government licensing is much more prone to corruption and squeaking
through at the minimum pass level, since it's binary (you have a license
or you don't), coercive, and run by someone who won't go out of business
if their word is seen as worthless.

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[e-gold-list] Re: the eCTA

2001-06-17 Thread SnowDog

 It's worth remember the straight talk aspect here - until e-gold
 sells banner ads on the spend page, e-gold is a joke. ...

Even if E-Gold were to sell ads on the Spend Page, how many could you put
there? A dozen, maybe? How is this beneficial to a currency which grows to
supporting thousands of businesses?




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[e-gold-list] Re: eCurrency Trade Association Inc.

2001-06-17 Thread Bob

George Matyjewicz wrote:

   Unfortunately, an association like eCTA doesn't carry much weight
   unless it is licensed, like the Bar Association,
 
 We in the US do not have a choice but to deal with licensed lawyers.
 What? There's a bunch of unlicensed lawyers sitting around out there
 waiting for business to come their way? We don't have any choice in
 the matter because of the government. That's why the ABA has weight.
 It's legally taken choice away from us here in the US.
 
 Yes.  They are called Paralegals and are legal in many
 states.  And they are called accountants or tax preparers, rather
 than CPAs.  The difference is if you want to deal with the court
 you need a lawyer, or with investors you need a CPA.
 
 Licenses are just an anti-competition thing. They certainly don't
 mean you're good at what you do as lawyers, doctors and pipefitters
 have demonstrated over and over again.
 
 How else does one evaluate a professional?

Most evaluate any *licensed* professional the same way you evaluate
any *unlicensed* professional. By paste performance via
recommendations.

How do you evaluate a professional?

 Why should anybody pay a government for permission to work? That
 doesn't make any sense, George. It's rediculous concept.
 
 Who is suggesting paying for permission to work?  Licensing can
 be an education issue.  CPAs are licensed by the state board of
 education, not the government.

You're saying that a state board of education is not the government?

 If money changers should be licensed, why shouldn't private money
 producing companies be required to be license by the government?
 
 Who said they should be licensed?  

From your statement, I'm inferring that's what you meant:
Unfortunately, an association like eCTA doesn't carry 
much weight unless it is licensed,. I can be wrong about
my inference.

If the association needs to be licensed, do you think licensing
of the members is not far behind? It's another tax opportunity
for a government. That's all, unless the assoc. requested the 
licensing. Then it's an anti-competition act on the association's
part.


I said an association that is
 not a licensing body is merely a trade association, and has
 little weight in the business world.   Does the Web Consultant's
 Association mean anything?  

Not to me, and if they were licensed, that would mean even less.
What don't governments require a license to do nowadays?

Would you select a Web consultant
 because he/she was a member of that association?
 
 I personally believe the eCTA is a good thing.  However, I don't
 know if it will make the general public feel any better.  Let's
 give a scenario here:  assume an exchange agent decides to offer
 poor service to a customer, or rips off a customer.  Will the
 eCTA black ball that agent?  What if it's not true?  Will the
 eCTA run the risk of being sued for defamation of character?
 
 If it doesn't protect the public or settle arbitration, 

What's protecting the public and arbitrating got to do with licensing?

You're original statement:
Unfortunately, an association like eCTA doesn't carry much weight 
unless it is licensed,

then it
 is merely a trade association organized for the benefit of it's members.
 
 George
 
 __
 George Matyjewicz,  President/General Manager
 Standard Transactions (BVI) Limited
 World Wide Currency for the World
 http://www.standardreserve.com
 mailto:[EMAIL PROTECTED]

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[e-gold-list] Re: Accreditation vs Licensing

2001-06-17 Thread Eric J. Gaither

Ken,

There are plenty of incompetent
 licensed attourneys, doctors, and plumbers out there...

 Ken


   What do they call the guy who graduates dead last from his medical
school??

They still call him Dr.

 Just something to think about ...

 Eric


- Original Message -
From: Ken Griffith [EMAIL PROTECTED]
To: e-gold Discussion [EMAIL PROTECTED]
Sent: Sunday, June 17, 2001 9:14 PM
Subject: [e-gold-list] Accreditation vs Licensing


 Accrediting boards have traditionally been used in academia instead of
 licensing, and it seems to work as well as or better than licensing.  The
 accrediting board is not controlled by the government, but builds its own
 reputation on the strength of the schools that it accredits.

 Since the eCTA is not merely selling memberships, but offering a strict
 accreditation process, one would think that it would carry some weight,
just
 like a positive rating from the Better Business Bureau does in the US.
 Preferably it should receive its funding from a source other than the
 businesses that it accredits, so as to remove conflict of interest
 pressures.

 On the Internet peer review is feasible and practiced in many fields where
 it wasn't practical before.  I've seen quite a few people ask for input
from
 the e-gold list before choosing a market maker.  Word of mouth has worked
 for millenia.  The Web brings it back.

 As was pointed out before, licensing by the government has never proved to
 be a screen against bad operators.  Instead it is used by the established
 bad operators to keep out the competition.  There are plenty of
incompetent
 licensed attourneys, doctors, and plumbers out there...

 Ken


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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread Eric J. Gaither

Viking,

Just to reiterate what has already been stated, the goal of the eCTA is
to promote the overall growth of the Gold Economy not just the e-Gold
Economy.

   The eCTA does not/will not dictate who may/may not support the effort.
(Why would we want to?)  If e-Gold (GSR/Omnipay) decide to stay on the
sidelines because OSGold is supportive, well, they have that right. Just as
OSGold has the right to operate in this world and support any organization
they choose.  This does not mean that the eCTA promotes their HYIP's any
more than it will promote the hundreds (if not thousands) that are run out
of e-gold to this day.  (Ask any e-gold MM to tell you what their clients
are doing with the e-gold they purchase.  How many businesses accept it so
far after five years, Viking? How far has their credibility taken them with
the world's household name Merchants?)

  I tire day after day of warning clients about the HYIP's that are run
in ANY currency, even USD.  OSGold (in my opinion, nothing else) provides
excellent customer support, reasonable rates, great turn around times, and
are a joy to work with.  That statement does not mean I back anything they
do, just I am pleased with my working relationship with them.  Same with
Standard Reserve.  (I have not dealt with GoldMoney yet)  Credibility will
come with time and realignment of their backing.  If you are unhappy with
their backing strategy, cool, don't use their system. Period. Yes?  Does
that mean that others should not be allowed to use OSGold just because you
and e-gold do not care for them?  I thought this was a free world where
individuals could make informed decisions to do business with whomever they
choose?  The eCTA will be THE place to obtain that information allowing one
and all to make such informed decisions.

   The eCTA is not out to promote one GBC over another.  The eCTA is a place
to learn about the Gold Economy, learn about MM's, ESP's, EA's and Cambios,
and find useful information for gold transactions.

What you will not find on the eCTA site is promotion/degradation of any
one particular currency over another.  Citizens of the Gold Economy are
adults and responsible for their own decisions.  IF they choose to use
OSGold over e-gold, they have a right to do so.  If someone prefers e-gold
over Standard Reserve, that is their right.  If someone prefers GoldMoney
over OSGold, so be it. Our goal is to help bring information and access to
the citizens, not dictate their choices.

but not the support
 of a true GBC that has been active for 5 years. How is this supposed to
 bolster it's credibility?


Good point.  But remember, five years and 1 day previous to today no one
had heard of e-gold nor did it have any credibility.  I had never heard of
e-gold 15 months ago. I have been a Market Maker for exactly 13 months now.
However, you tell me, does Gaithmans have any credibility in the Gold
Community? Besides, how many other GBC's DOES e-gold give their support to?
They have a relationship with Standard Reserve, but what about GoldMoney?
Should everyone forget them because e-gold does not support them? Should we
all wear the same sequined ball gown and high heels everyday because
Hollywood says its cool?  I prefer to make my own decisions based on
available information.  (Besides, I could fit into the dress but size 12
high heel shoes would be a strange site!!)   ;0)

Time, young grasshopper, time and Market forces will dictate who earns
credibility and who is swallowed by the beast (Market forces) as a meal.
Sounds like you are betting heavily on e-gold alone.  You have that right.
Some of us think there is going to be quite a rocking of the status quo and
overall growth and expansion of the GOLD Economy along with the e-gold
Economy. That is our right as well.  Again, the Market will dictate. We just
plan to educate the citizens of the Market.  E-gold does not have to
approve/disapprove any more than OSGold, Standard Reserve, or GoldMoney.
Ironically, lending support would only add to e-gold's own credibility as
being the pioneer they have the most information and experience to share
with the citizens that are seeking information (and therefore visiting the
eCTA website) in the first place.

   The eCTA is a meeting place, a common ground, a first port of call
(good analogy, Mike!) for citizens to find a source for gold currency.  I
think we are going to make history for being such a port.  If you (generally
speaking, not you in particular) want to just sit back and watch, that is
cool.  We will send post cards from the top! Those who are lending support
will find increased traffic from click throughs, higher sales from new
clients, and better exposure to gold currency holding citizens.

 Quality  dependable GBC sources, educational information, and multiple
selections to meet EVERYONE'S needs.  Now that is what an Association is all
about, yes?

Regards,

Eric Gaither
Secretary (Pro Term)
eCTA

- Original Message 

[e-gold-list] Re: read all about it

2001-06-17 Thread Bob

[EMAIL PROTECTED] wrote:

 Also, be sure to spend ALL your e-gold at Bananagold.  Even if you
 don't need anything from Amazon (books, DVDs, music, software,
 computers, PALMs, whatever), RUSH to bananagold.com and spend all
 your gold there.  Just buy things randomly.

Right! And with wild abandon and tempestuest behavior, as long as
you spend gold that is. :)

Bob

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[e-gold-list] Re: eCurrency Trade Association Inc.

2001-06-17 Thread Craig Spencer



George Matyjewicz wrote:
 if you want to deal with the court you need a lawyer, or with 
 investors you need a CPA.

In other words, the government has deprived us of choice and given 
a monopoly to a guild.
 
 Licenses are just an anti-competition thing. They certainly don't
 mean you're good at what you do as lawyers, doctors and pipefitters
 have demonstrated over and over again.
 
 How else does one evaluate a professional?

Are you suggesting that it is sensible to evaluate a professional by 
possession of a government work permit?
 
 Who is suggesting paying for permission to work?  Licensing can
 be an education issue.  CPAs are licensed by the state board of
 education, not the government.

What world do you live in?  The state board of education is the
government.  It purpose is to enforce government control and derive
people of choice.
 
CCS

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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread Viking Coder

 I think the bottom line is e-gold won't put up a link to anything 
 that has much to do with OSGold.

Yeah. I know that is the reason. The more relevant question is - Which
user's business do they value more? By choosing OSGold over e-gold they
seem to be placing a higher value on people who use the currency so that
they can participate in guaranteed HYIPs offered by the currency issuer.


 FWIW, the eCTA crew appear to be decent, well-organized, and not a 
 propaganda arm for hyips!!

Yes, they do. I agree with you. I have personally met several of these
people. They are very trustworthy. Which makes their stand on this issue
very confusing.


Viking Coder

Worth Two Cents?
http://www.2cw.org/VikingCoder

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[e-gold-list] Re: the eCTA

2001-06-17 Thread Eric J. Gaither

Craig,

to a currency which grows to
 supporting thousands of businesses?


   Is there a listing for all of these somewhere? I still have a hard time
convincing businesses to take e-gold for my purchases.  Pssibly I am buying
from the wrong companies if thousands are accepting it?

   Thanks!

Eric
- Original Message -
From: SnowDog [EMAIL PROTECTED]
To: e-gold Discussion [EMAIL PROTECTED]
Sent: Sunday, June 17, 2001 9:30 PM
Subject: [e-gold-list] Re: the eCTA


  It's worth remember the straight talk aspect here - until e-gold
  sells banner ads on the spend page, e-gold is a joke. ...

 Even if E-Gold were to sell ads on the Spend Page, how many could you put
 there? A dozen, maybe? How is this beneficial to a currency which grows to
 supporting thousands of businesses?




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[e-gold-list] Re: Accreditation vs Licensing

2001-06-17 Thread George Matyjewicz

At 08:49 PM 6/17/2001, Eric J. Gaither wrote:

What do they call the guy who graduates dead last from his medical
school??

 They still call him Dr.

  Just something to think about ...

However, to graduate medical school a student still needs a 4.0 average.

George



__
George Matyjewicz,  President/General Manager
Standard Transactions (BVI) Limited
World Wide Currency for the World
http://www.standardreserve.com
mailto:[EMAIL PROTECTED]


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[e-gold-list] Re: Accreditation vs Licensing

2001-06-17 Thread gary


- Original Message -
From: George Matyjewicz [EMAIL PROTECTED]
To: e-gold Discussion [EMAIL PROTECTED]
Sent: Sunday, June 17, 2001 10:12 PM
Subject: [e-gold-list] Re: Accreditation vs Licensing


 At 08:49 PM 6/17/2001, Eric J. Gaither wrote:

 What do they call the guy who graduates dead last from his medical
 school??
 
  They still call him Dr.
 
   Just something to think about ...

 However, to graduate medical school a student still needs a 4.0 average.

 George

Were in the world do you live?  A 4.0 required to graduate from medical
school?   A 4.0 is  perfect score on everything, all As,
100 on all tests, I'll bet there aren't more than 1% of doctors who
graduated with a 4.0.

Gary



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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread Eric J. Gaither

Viking,

   By choosing OSGold over e-gold they
 seem to be placing a higher value on people who use the currency so that
 they can participate in guaranteed HYIPs offered by the currency issuer.

   Actually, what is confusing for a large number of people are your
comments.  The eCTA did not CHOOSE any of the currencies nor EXCLUDE any
currency.  Invitations were sent out EQUALLY and OPENLY to everyone to join.
E-gold did not reply. (Surprised?) OSGold, SR,  and GM did. Actually, we
place a higher value on the courtesy of replies, ability to communicate, and
our chief concern, again, is DISTRIBUTING INFORMATION. The eCTA has no
opinion of HYIP's.  They are irrelevant to the goals of the eCTA.  If it is
proven that OSGold is something less than what they claim to be, then they
risk losing accreditation just as the MM's, EA's and Cambios do. (As would
e-gold IF they decided to join. Equality for everyone!)

   By the way, if e-gold is SO anti-HYIP, Viking, can you please explain to
this list what has accounted for a large share of e-gold's growth and

exposure?  I can...HYIP's, the art scams, e-Biz, the Persian rugs scams,
e-Biz, the Egyptian artifact scams, e-Biz, Matrix programs, e-Biz,  gifting
programs, e-Biz, and the gold casino (is that not another HYIP?)  Place a
bet (invest your money) pull the handle (send in your info) and watch for a
few cherries (watch for a few cherries=payout!)

 I find it amusing how suddenly the world (or a very small number of
vocals) claim e-gold is anti-HYIP'S.  Become a Market Maker and learn the
truth.

In the mean time, lets let the eCTA get off the cyber-ground before we
pick it apart for allowing ALL gbc's the opportunity to belong.  E-gold made
the choice you talk about, not eCTA.

   Thanks for allowing me to set the record straight on that point.

Eric


- Original Message -
From: Viking Coder [EMAIL PROTECTED]
To: e-gold Discussion [EMAIL PROTECTED]
Sent: Sunday, June 17, 2001 10:04 PM
Subject: [e-gold-list] Re: New Kid On The Block


  I think the bottom line is e-gold won't put up a link to anything
  that has much to do with OSGold.

 Yeah. I know that is the reason. The more relevant question is - Which
 user's business do they value more? By choosing OSGold over e-gold they
 seem to be placing a higher value on people who use the currency so that
 they can participate in guaranteed HYIPs offered by the currency issuer.


  FWIW, the eCTA crew appear to be decent, well-organized, and not a
  propaganda arm for hyips!!

 Yes, they do. I agree with you. I have personally met several of these
 people. They are very trustworthy. Which makes their stand on this issue
 very confusing.


 Viking Coder
 
 Worth Two Cents?
 http://www.2cw.org/VikingCoder

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[e-gold-list] Re: the eCTA

2001-06-17 Thread SnowDog

Is there a listing for all of these somewhere? I still have a hard time
 convincing businesses to take e-gold for my purchases.  Pssibly I am
buying
 from the wrong companies if thousands are accepting it?

No, I don't know of thousands of businesses accepting e-gold. However, the
point I am trying to make is that a policy allowing ads to be put on the
E-Gold Spend Page shouldn't be adopted since such a policy will not function
effectively once E-Gold is accepted by thousands of businesses. The place
for such an ad is probably on the Trade Association website, (or on
GoldDirectory.com).

E-Gold, for the past 3 months now, has again resumed its phenomenal
growth -- now up about 20% in funded accounts over 10 grams, since March. As
long as E-Gold maintains steady growth, it doesn't need to advertise -- and
probably shouldn't advertise if the growth rate remains this high. Of
course, PayPal was able to grow much faster, so maybe E-Gold could too, but
PayPal is still in the Red and E-Gold is still in the Black. Slow, steady,
growth can be considered ideal.

Craig



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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread SnowDog

  I find it amusing how suddenly the world (or a very small number of
 vocals) claim e-gold is anti-HYIP'S.  Become a Market Maker and learn the
 truth.

You're confusing official endorsment of HYIPs, (like OSGold), with an
official policy which may permit them to function without an official
endorsement. This is a big difference. An HYIP is committing fraud when it
'guarantees' customers' money -- and OSGold explicitly does this. What do
you think is going to happen to your OSGold account when OSGold defaults on
one of their 'guaranteed' HYIPs? There is not enough money in the world to
'guarantee' an HYIP.

One must never fail to pronounce moral judgment. -- Ayn Rand (God Herself)

Craig






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[e-gold-list] Re: Accreditation vs Licensing

2001-06-17 Thread Eric J. Gaither

George,

   My point being that every standard or licensing exam still has those who
just squeak by.  You are not told that when you look at your doctor's
diploma hanging on the wall of his cold, boring, twenty year old magazine
covered waiting room how he finished in his class, correct?

As a Registered Nurse, one has to coach new doc's along sometimes in
the middle of a particularly hairy situation: Uhm, no, I would not mix the
dextrose with that drug or you will blow that IV I finally was able to
start, Doctor.  How about mixing it in Normal Saline and using the
hep-lock?

Even a room full of straight A students will have those who are less
talented in one area than the others.  Just because a guy has a straight A
GPA, would you let him necessarily lodge a 32 gauge sewing needle and
drainage tube (chest tube for drainage of the lungs) into your chest without
asking questions as to if it was needed?

 I tend to ask a lot of questions to make sure the guy holding a
particular license EARNED it.  (By the way, anyone else get those annoying
Buy a Diploma spam mails??)

You probably already know that about me though, right? ;0)

Eric


- Original Message -
From: George Matyjewicz [EMAIL PROTECTED]
To: e-gold Discussion [EMAIL PROTECTED]
Sent: Sunday, June 17, 2001 10:12 PM
Subject: [e-gold-list] Re: Accreditation vs Licensing


 At 08:49 PM 6/17/2001, Eric J. Gaither wrote:

 What do they call the guy who graduates dead last from his medical
 school??
 
  They still call him Dr.
 
   Just something to think about ...

 However, to graduate medical school a student still needs a 4.0 average.

 George



 __
 George Matyjewicz,  President/General Manager
 Standard Transactions (BVI) Limited
 World Wide Currency for the World
 http://www.standardreserve.com
 mailto:[EMAIL PROTECTED]


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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread Eric J. Gaither

Craig,

You're confusing official endorsement of HYIPs, (like OSGold), with an
 official policy which may permit them to function without an official
 endorsement. This is a big difference.

   My fault.  I think you cleared that up for me.  So, e-gold only ALLOWS
HYIP's to operate in their system, they do not officially endorse them. Kind
of like how prison guards sometimes allow drugs, rape, and murder but do
not officially endorse them?

There is not enough money in the world to
 'guarantee' an HYIP.

Since this is true (I could not agree with you more, Amigo!) then e-gold
allows HYIP's to operate in their system despite knowing that the suckers
who invest will be bilked of their funds.  But because they do not
OFFICIALLY endorse these, that is okay.  Let the scammers and fraudsters set
up shop, steal LOTS of money, then shut down and walk away. Hmmm...


   So, if I want to open up shop and run another e-Biz which had 30,000
members when it crashed I can as long as I don't expect an official
endorsement from e-gold, correct?  Give me a few days...:0)

What was that saying again??

 One must never fail to pronounce moral judgment. -- Ayn Rand (God
Herself)


Eric

(STILL opposed to all HYIP's (scams) in ANY currency!)



- Original Message -
From: SnowDog [EMAIL PROTECTED]
To: e-gold Discussion [EMAIL PROTECTED]
Sent: Sunday, June 17, 2001 10:38 PM
Subject: [e-gold-list] Re: New Kid On The Block


   I find it amusing how suddenly the world (or a very small number of
  vocals) claim e-gold is anti-HYIP'S.  Become a Market Maker and learn
the
  truth.

 You're confusing official endorsment of HYIPs, (like OSGold), with an
 official policy which may permit them to function without an official
 endorsement. This is a big difference. An HYIP is committing fraud when it
 'guarantees' customers' money -- and OSGold explicitly does this. What do
 you think is going to happen to your OSGold account when OSGold defaults
on
 one of their 'guaranteed' HYIPs? There is not enough money in the world to
 'guarantee' an HYIP.

 One must never fail to pronounce moral judgment. -- Ayn Rand (God
Herself)

 Craig






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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread Eve

Osopps offers proven investments (see http://www.osopps.com ).  There is no
mention of High Yield investments.  Are you saying that it is impossible to
guarantee an investment?

Eve

-Original Message-
From: SnowDog [mailto:[EMAIL PROTECTED]]
Sent: Sunday, June 17, 2001 9:38 PM
To: e-gold Discussion
Subject: [e-gold-list] Re: New Kid On The Block


  I find it amusing how suddenly the world (or a very small number of
 vocals) claim e-gold is anti-HYIP'S.  Become a Market Maker and learn the
 truth.

You're confusing official endorsment of HYIPs, (like OSGold), with an
official policy which may permit them to function without an official
endorsement. This is a big difference. An HYIP is committing fraud when it
'guarantees' customers' money -- and OSGold explicitly does this. What do
you think is going to happen to your OSGold account when OSGold defaults on
one of their 'guaranteed' HYIPs? There is not enough money in the world to
'guarantee' an HYIP.

One must never fail to pronounce moral judgment. -- Ayn Rand (God Herself)

Craig






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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread SnowDog

 There is not enough money in the world to
  'guarantee' an HYIP.

 Since this is true (I could not agree with you more, Amigo!) then
e-gold
 allows HYIP's to operate in their system despite knowing that the suckers
 who invest will be bilked of their funds.  But because they do not
 OFFICIALLY endorse these, that is okay.  Let the scammers and fraudsters
set
 up shop, steal LOTS of money, then shut down and walk away. Hmmm...

How would you stop it while maintaining the non-repudiation policy? How does
Western Union stop international money laundering? They can't. It's an
aspect of their business. How do chauffered limousine services stop illegal
cocaine use in the backseat? They can't. It's an aspect of their business.
This isn't the same thing as if they provided their customers with
complimentary cocaine. That would be a crime.

Craig






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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread SnowDog


 Osopps offers proven investments (see http://www.osopps.com ).  There is
no
 mention of High Yield investments.  Are you saying that it is impossible
to
 guarantee an investment?

What is the interest on their guaranteed investments? If the interest rate
is higher than a typical bank loan, then YES, it can't be guaranteed because
there is no source of guaranteed income from their uses of the money.

Craig



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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread offshoresurfer


  Osopps offers proven investments (see http://www.osopps.com ).  There is
 no
  mention of High Yield investments.  Are you saying that it is impossible
 to
  guarantee an investment?


It is possible for anybody to guarantee anything. What's at issue is, what's the 
guarantee worth and where is the substance to back it up? Ultimately, a bank or 
government guarantee can even be worthless as has been proven many, many times.

offshoresurfer


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[e-gold-list] Re: eCurrency Trade Association Inc.

2001-06-17 Thread Michael Moore


  5. I will never disparage the Association or it's members or clients in
any
  way.

 Which translates to I will not slag off OSGold despite them backing
 HYIPs and being a currency that calls itself `gold' but denominates
 value in dollars, and other such antics.

To clear up any misunderstanding Julian,
Definition of Disparage:To speak slightingly of. New World
Dictionary.
Definition of Member:  A person who is or belongs to a group
Definition of Client.  A person or customer who purchases services
from someone or something.

Nowhere is osgold mentioned as being a member  (which they are not, not
being a Market Maker, or Exchange Provider or Cambio) or a client.

Only Market Makers, Exchange Providers  Cambios are members.

  9. I will not use the Association as a platform for any other
philosophical
  or political agenda.

It is not a religious group or political party or philosophical group.

It is a Trade Association for Market Makers.  Please reread the purposes of
the eCTA.


Kind regards,

Michael Moore
Vice President (Pro Tem)
for the
Board of Directors
of the
eCurrency Trade Association Inc.



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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread C. Cormier - Ormetal Inc.

On 17 Jun 2001, at 21:28, Eric J. Gaither wrote:

 By the way, if e-gold is SO anti-HYIP, Viking, can you please explain
 to  this list what has accounted for a large share of e-gold's growth and
 exposure?  

The problem is not with WHO uses the eCurrencies. Issuers 
should not be there to police the world. The problem is with the 
Issuer.



Claude

http://www.goldcurrencies.ca
http://www.ormetal.com
==
Claude Cormier Public Key
http://www.ormetal.com/PGPkey.html
==

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[e-gold-list] Re: eCurrency Trade Association Inc.

2001-06-17 Thread Julian Morrison

Michael Moore wrote:
 
   5. I will never disparage the Association or it's members or clients in
 any
   way.
 
  Which translates to I will not slag off OSGold despite them backing
  HYIPs and being a currency that calls itself `gold' but denominates
  value in dollars, and other such antics.
 
 To clear up any misunderstanding Julian,
 Definition of Disparage:To speak slightingly of. New World
 Dictionary.
 Definition of Member:  A person who is or belongs to a group
 Definition of Client.  A person or customer who purchases services
 from someone or something.
 
 Nowhere is osgold mentioned as being a member  (which they are not, not
 being a Market Maker, or Exchange Provider or Cambio) or a client.
 
 Only Market Makers, Exchange Providers  Cambios are members.

Ah, my mistake, I apologise.

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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread Viking Coder

 the goal of the eCTA is to promote the overall growth of the Gold Economy
 not just the e-Gold Economy.

This is a good thing. There are more GBCs than just e-gold. Free-market
competition is a very good thing. It will help the entire Gold Economy
become more than just a bunch of libertarians, gold-bugs, and scammers.


The eCTA does not/will not dictate who may/may not support the effort.
 (Why would we want to?)  

How would you feel about receiving public support from the Yakuza, or the
Chinese Tongs? How about NAMBLA (North American Man Boy Love Association)?
How about support from known crooked politicians? These are all very
extreme examples, but they do illustrate why any person, corporation, or
alliance would want to be careful about who publicly supports them.

Another more personal, and again very extreme, example would be...
Would you want to have a known repeat-offense child molester as a primary
reference when applying for a job at a child-care facility?


 This does not mean that the eCTA promotes their HYIP's any more than it will
 promote the hundreds (if not thousands) that are run out of e-gold to this
 day.

How many of these HYIPs are guaranteed by e-gold ltd.? How many were
started and run by e-gold ltd.?


 Ask any e-gold MM to tell you what their clients are doing with the e-gold
 they purchase.

Why does it matter what e-gold is used for? National currencies have been,
and still are, used to pay for contracted murders. What a currency is used
for by independent individuals is of no concern to the credibility of the
currency. However, if the issuer of the currency is unstable, then there
is cause for concern. The problems people see with the USD have nothing to
do with how people use it. These people don't care that the money has been
used to pay for murders, pre-teen prostitutes, etc... They care that is
issued by a bumbling bloated government and that it is only backed by the
word of that government.


 How many businesses accept it so far after five years, Viking?

Quite a lot. Quite a lot more would be much appreciated.


 How far has their credibility taken them with the world's household name
 Merchants?

I think the main reason e-gold isn't accepted by 'household names' is the
fact that e-gold isn't dollar-based. That is the only real problem most
serious business I've talked to have with e-gold. They don't want to deal
with multiple currencies. When they accept a payment for $50, they want it
to remain $50. They can handle the fraud  the excess transaction fees
because that's what they've always done.


 Credibility will come with time

I normally ascribe enough credibility to any new venture to give it a
serious try. However, before I even got a chance to consider it, OSGold
started chiseling away at that credibility.

I have no issues with the fact that HYIPs use OSGold. I don't even have
any overwhelming issues with them basing their system on USD. They aren't
a true GBC, why should I have a problem with them being based on USD? The
serious problem I have is that they guarantee the returns of HYIPs that
they start and run.

 and realignment of their backing.

Huh? So after a couple of years in operation they are going to say Oh,
We've decided to be 100% backed by hard metal after all.  Why not do it
from the start like GoldMoney  Standard Reserve did?


  If you are unhappy with their backing strategy, cool, don't use their system.

I don't. As I said above, their backing strategy isn't the real problem.


 Does that mean that others should not be allowed to use OSGold just because
 you and e-gold do not care for them?

No. People have the right to do whatever they like. I like to make my
opinions known.


 But remember, five years and 1 day previous to today no one had heard of
 e-gold nor did it have any credibility.  

They slowly built it over time. Just like every other legitimate company
has. Just like you did.


 I had never heard of e-gold 15 months ago. I have been a Market Maker for
 exactly 13 months now.

Did you talk to anybody before seriously using e-gold? Did you decide to
become a market maker after just looking at their website? Did their 3 1/2
year track record mean nothing to your decision to become a market maker?


 However, you tell me, does Gaithmans have any credibility in the Gold
 Community? 

Yes. In my opinion, you are one of the most credible MMs that are around.

One last question.
What is the eCTA going to do if OSGold cannot live up to it's HYIP
guarantee, and causes exchange providers (of all types) to not be able to
fulfill exchange requests? This is not a problem for GoldMoney, Standard
Reserve, or e-gold because none of them guarantee HYIPs.


Viking Coder

Worth Two Cents?
http://www.2cw.org/VikingCoder

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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread Viking Coder

 the gold casino (is that not another HYIP?)  

Umm... No. I don't consider the lottery ticket on my desk to be my
retirement fund. A HYIP is a High Yield **Investment** Program. Yes, we
all now that actually means you are putting your money in for a crap
shoot, but that is not how they are presented. Anybody who considers a
casino an investment program has a good shot of being elected the next
president of the United States of America.


  I find it amusing how suddenly the world (or a very small number of
 vocals) claim e-gold is anti-HYIP'S.  Become a Market Maker and learn the
 truth.

As I have said time, and time again - There is a major difference between
the currency being used for HYIPs and the currency issuer starting,
running, and guaranteeing a HYIP. When was the last time that e-gold ltd.
offered a guaranteed HYIP?


Thanks for allowing me to set the record straight on that point.

Thanks for allowing me to make my opinions known. However, neither one of
us could have stopped the other.


Viking Coder

Worth Two Cents?
http://www.2cw.org/VikingCoder

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[e-gold-list] Re: New Kid On The Block

2001-06-17 Thread Viking Coder

 So, e-gold only ALLOWS HYIP's to operate in their system, they do not
 officially endorse them. Kind of like how prison guards sometimes allow
 drugs, rape, and murder but do not officially endorse them?

Does this mean that the US government allows pre-teen prostitution, drug
use, and contracted murder because the US dollar is used for said actions?
We are not talking about splinter factions of intelligence organizations
here.


 e-gold allows HYIP's to operate in their system despite knowing that the
 suckers who invest will be bilked of their funds.  

Because e-gold ltd. don't require the work history, credit card numbers,
and list of every sexual parter to obtain an account, and then don't
require notarized triplicate forms to spend between accounts, HYIPs can
operate very easily. This does not constitute e-gold's open invitation to
HYIPs to do what they do best.

Just because I can go steal your car doesn't mean you'll allow me to, does
it?


Viking Coder

Worth Two Cents?
http://www.2cw.org/VikingCoder

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[e-gold-list] e-gold embraces HYIP passively

2001-06-17 Thread Dagny Taggart

--- SnowDog [EMAIL PROTECTED] wrote:
 Is there a listing for all of these somewhere?
 I still have a hard time
  convincing businesses to take e-gold for my
 purchases.  Pssibly I am
 buying
  from the wrong companies if thousands are
 accepting it?

Maybe thousands of HYIP businesses? 
 
 No, I don't know of thousands of businesses
 accepting e-gold. 

snip

 E-Gold, for the past 3 months now, has again resumed
 its phenomenal
 growth -- now up about 20% in funded accounts over
 10 grams, since March. 

Account creation is down for  the fifth consecutive
week and if it hadn't been for the few really popular
scams, nothing has changed in the statistics, if you
look at the numbers from last August. Current account
holders are getting their pay out from their scams,
that is why you have a growth in accounts over 10
grams. It is only about 100 USD, anyway.

As
 long as E-Gold maintains steady growth, it doesn't
 need to advertise -- and
 probably shouldn't advertise if the growth rate
 remains this high.

It should attract real businesses, instead of scams
and porn sites!
How does that go along with the E-Dinar morals,
anyway? Are they endorsing porn and scam as well,
since they are using the same system? Do the e-dinar
people even know what the e-gold customer base is?

 Of
 course, PayPal was able to grow much faster, so
 maybe E-Gold could too, but
 PayPal is still in the Red and E-Gold is still in
 the Black.

How do you know that?
I would like to see e-gold PL sheets.
Are you confusing e-gold with GSR, again?
I would like to see GSR's PL sheet as well, while we
are at it.

 Slow, steady,
 growth can be considered ideal.
 
 Craig

If it were not for people like you and Viking Coder,
e-gold, GSR and whatever else they call themselves
would not have many friends vocalizing as if they were
an authority and on the inside!
How can you speak with s much authority, if you
are not part of their family?


=
Dagny Taggart

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