[e-gold-list] Re: PECUNIX INCORPORATED Share Offer

2001-03-22 Thread GoldDirectory.com


> I seriously doubt that they did it for a couple
> hundred thousand.
> If they did, then no wonder about all the flaws.
> Maybe these people want to do it right? :-)

Seriously... What flaws does e-gold have?

Craig



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[e-gold-list] Re: PECUNIX INCORPORATED Share Offer

2001-03-22 Thread GoldDirectory.com

> It is called: Private Venture Capital Stock Exchange or PVCSE.
>
> The first share offering at this Stock Exchange is for PECUNIX Venture
> Holdings Inc which is offering THIRTEEN MILLION (13,000,000) Shares at
> US$0.50 per Share payable in full on application to raise between
> US$5,000,000.00  and US$6,500,000. PECUNIX Venture Holdings Inc will
> Negotiate the acquisition of 51% the Shares of PECUNIX INCORPORATED.

Why are they trying to raise 6.5 million dollars to build another Digital
Currency, when E-Gold and GoldMoney did it for only a couple hundred
thousand dollars?

Craig




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[e-gold-list] Re: Fwd. Your E-Hancock Can Be Forged

2001-03-21 Thread GoldDirectory.com

> OK, here's what I don't understand... If someone obtains your secret key,
> then why can't they just use THIS key to sign email, and assume your
> identity? Why do they need to modify it, reinsert it in your computer, and
> then obtain a copy of a message that you subsequently send?

Nevermind... I understand that they can't use your SECRET key because they
don't have your passphrase.

Craig



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[e-gold-list] Re: Fwd. Your E-Hancock Can Be Forged

2001-03-21 Thread GoldDirectory.com

From:

> http://www.wired.com/news/politics/0,1283,42553,00.html

>"In this case, someone wishing to impersonate you would need to gain access
to your secret key -- usually stored on a hard drive or a floppy disk --
surreptitiously modify it, then obtain a message you signed using the
altered secret key. Once those steps are complete, that person could then
digitally sign messages using your name. "

OK, here's what I don't understand... If someone obtains your secret key,
then why can't they just use THIS key to sign email, and assume your
identity? Why do they need to modify it, reinsert it in your computer, and
then obtain a copy of a message that you subsequently send?

Craig



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[e-gold-list] Original Message

2001-03-16 Thread GoldDirectory.com

Maybe we're not on the same page here, because the message seems to have
been skewed. Here is the original message, as reported by Vince Callaway and
Steve Foerster. Since Bernard is a rather respectable source, (in my
opinion), then the primary question I have is, is the message from Bernard,
as stated?

---

ALERT: FEDS RAID A FRIEND

I regret to alert you that Parker Bradley, an Exchange Provider for e-gold,
a Redemption Center and a friend was raided by approximately 25 Federal
Gestapos on Monday, March 12, 2001. Under the deception of investigating
credit card fraud, Parker and his wife were kidnapped and treated to the
usual gross intimidating tactics of our increasingly tyrannical government.
The raid seems to have been aimed at Parker's past acceptance of credit
cards for e-gold - a practice that had cost him dearly as the credit card
industry is so easy to rip off which then blames the merchant.

Please forward this alert to your list and report any raid or unusual police
activity with anyone associated with NORFED. We all must stay well informed
and ready to investigate any pattern of the government's tyranny.

Bernard von NotHaus
Monetary Architect
[EMAIL PROTECTED]



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[e-gold-list] Re: Parker Bradley raided by the feds?

2001-03-16 Thread GoldDirectory.com


> Maybe I am way off base here, maybe I am seeing things incorrectly.  I
> just know that for two days I have seen a story snowball about Parker
being
> detained for "some reason".  It is beginning to sound like Parker was
> dragged out of his house in the middle of the night and bound to the Tree
of
> Woe for the buzzards to pick his flesh apart.  Suddenly there is this
> sympathy to mount a psuedo "search and rescue" for him when NO ONE knows
> what happened.

Well, the original message was from Bernard Von Nothaus, and read that 25
agents raided his house on suspicion of credit card fraud. Nothing has been
said in excess of this original message. However, it is still a rumor, and
we need some facts.

Craig



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[e-gold-list] Due Process

2001-03-16 Thread GoldDirectory.com

Eric!

I love my country too, and I pay all my taxes like most other people do. I
even report the money made from e-gold's incentive program, which is just a
small amount. However, I do disagree with the policy of the federal
government which allows them to take property, like computers, cars, and
cash, before a trial and conviction finds the defendant guilty. There is a
clause in the US Constitution called the due process clause, which says that
people shall not be deprived of life, liberty, and property without due
process of law, and this is what happens whenever people's property is taken
before being convicted. If a person's business depends on his ability to use
his computer, then his livelyhood is threatened when the computer is taken
away. Therefore his ability to pay his mortgage, utilities, taxes, and other
bills becomes impaired. Also he loses customers when they find that he is
not open and it may take years for him to restore his income to its previous
level.

Without regard, at all, to any supposition on Parker's situation, these
policies described above, need to be changed.

I also disagree with 'no-knock' searches, and I believe this is the policy
of the federal government. I can't remember the last time that I heard that
a federal agent arrested someone without performing a 'raid'. Last year,
here in Houston, a guy was shot when his house was raided -- and it turned
out that they raided the wrong house! In the 1980's there was a fellow by
the name of Steve Jackson in Austin. He had developed network games. One of
them was a game called 'Car Wars'. Anyway, they raided his business because
they suspected he ran a 'hacking' group, which hacked into some corporate
computers illegally. By raiding his business, they shut down his business,
and though he was never charged with a crime, it was 6 months before they
returned his equipment, and he was left without a business.

Sincerely,

Craig



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[e-gold-list] Re: Parker Bradley raided by the feds?

2001-03-16 Thread GoldDirectory.com

So are you saying that we shouldn't speculate on Parker's demise, or are you
saying that we shouldn't talk about problems we see with some government
actions? Or both?

Craig



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[e-gold-list] Re: Parker Bradley raided by the feds?

2001-03-16 Thread GoldDirectory.com


> First, the IRS and other US government agencies do not routinely send
> "heaps of men" to raid someone's house without a reason.  Second, the
reason
> usually has to be one that is strong enough to convince a judge to sign a
> warrant.  Third, if Parker is innocent of wrongdoing, he has nothing to
> worry about, yes?  If he is innocent, I am sure a good lawyer can probably
> even sue for damages, mental anguish, etc.

Wow, how many times have we seen it happen? It happened at Ruby Ridge when
the target didn't even know he had done anything wrong. It happened at Waco.
It happened just last year in Florida when they went to retrieve that kid,
to send back to Cuba.

I think it's policy now to make a large show of force when they have reason
to think that the suspect may not surrender himself voluntarily -- which is
at the discretion of the federal agents. I think they believe that a large
show of force saves lives by eliminating the risk of confrontation.

However, I do agree that we haven't even confirmed the 'rumor' that anything
at all has taken place with Parker. We are speculating, as people are prone
to do.

Craig



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[e-gold-list] Re: Parker Bradley raided by the feds?

2001-03-16 Thread GoldDirectory.com

> What sort of country are you living in when it is ok for  heaps of men to
> bust your door down with guns because of a 'suspicion".That sort of
> thing  was 'supposed' to have died down in Germany in the late forties.

Incidentally, do they do this sort of thing down there?

Craig



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[e-gold-list] Re: Parker Bradley raided by the feds?

2001-03-16 Thread GoldDirectory.com


> Sounds to me that they are treating him like a "Tax Protester."  Although
I
> wish him and his family the best, it should be taken as a lesson on how
not
> to handle tax issues.  I don't know if he was a Tax Protester or even
linked
> with them in any way, but if the IRS thinks you are, you will have
problems.
> Arguing about arcane issues of the law with men with guns is not a good
> situation to be in if you care about your family's lives and your
property.

Why do you assume this? If the rumor is true, then the issue is most likely
credit card fraud. From Parker's own words, he processed over $200,000 in
fraudulent credit card charges. If this is true, then I would think that
'someone' would want to investigate this. Of course, I am confident that
Parker is innocent of any wrong-doing, but that's an awful lot of fraud.

Craig




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[e-gold-list] Re: I want to Buy Gold!

2001-03-01 Thread GoldDirectory.com

I have a taker selling me the $3000 in e-gold that I need. I still purchase
e-gold on a daily basis at www.GoldDirectory.com, up to $1000 per order.

Craig Haynie
GoldDirectory.com

- Original Message -
From: "GoldDirectory.com" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Sent: Thursday, March 01, 2001 10:30 AM
Subject: I want to Buy Gold!


> Hello!
>
> I would like to buy up to $3000 of gold for a 2% premium. A business check
> will be sent to you in tomorrow's mail. If you're interested, please go
to:
>
> www.golddirectory.com/exchange.htm
>
> and fill out an order. Ignore the $1000 limit, if you wish.
>
> Sincerely,
>
> Craig Haynie
> GoldDirectory.com
>
>


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[e-gold-list] I want to Buy Gold!

2001-03-01 Thread GoldDirectory.com

Hello!

I would like to buy up to $3000 of gold for a 2% premium. A business check
will be sent to you in tomorrow's mail. If you're interested, please go to:

www.golddirectory.com/exchange.htm


and fill out an order. Ignore the $1000 limit, if you wish.

Sincerely,

Craig Haynie
GoldDirectory.com



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[e-gold-list] Re: and wouldn't TWC be to die for!

2001-02-28 Thread GoldDirectory.com

> Without getting into why government snooping into private
> business transactions bothers me, my point was, such a
> transaction requires the receiving business to do work that
> they normally would not have to do, would they want to do
> that when they could just say, "Just write us a check"?

OK, I understand your comments a bit clearer, now. The question is: Why
bother with e-gold when there are so many options to use in the US to make a
large-value transaction, or a B2B transaction? This comes back to the issue
of what e-gold offers the internet community, which isn't filled by existing
technology. I think these points are relevant:

1) E-Gold Transactions Settle Immediately: I have sent and received numerous
bank wires this past year to know that most of them, within the US, clear
within 24 hours. However, a bank wire is the ONLY way to clear funds with
complete confidence, within 24 hours. Also, I have seen a number of problems
with wires which have delayed settlement for up to 10 days, IN THE US.
Moreover, the problem with an incomplete wire becomes compounded because the
tracing procedure is slow and cumbersome. E-Gold Transactions clear
immediately, and the probability of an E-Gold SPEND failing, after the gold
is withdrawn from the sending party, appears to be quite remote; I've never
known it to happen.

2) E-Gold Transactions are Inexpensive: Bank of America charges $37 for a
domestic bank wire. For parties requiring different currencies, e-gold can
be cheaper as the cost of currency conversion may, or may not, be
applicable.

3) E-Gold is International: How do I send money overseas without sending an
International Wire. International Wires are delayed more frequently,
typically taking about 2 - 3 business days to receive money from Europe, and
up to 10 days, on a regular basis, to receive money from remote parts of the
Earth.

At some point in the future, it may come to be that some large,
international, banks collaborate and offer an immediate, non-repudiable,
form of payment for a low cost. When this comes about, they will be
competing with e-gold. However, at this point in time, e-gold is almost as
safe as money stored in a bank, (and will become more safe as its customer
base increases, and increasing security is put into e-gold accounts); e-gold
is international; e-gold transactions settle immediately; and e-gold can be
cheap, especially for B2B transactions between trusted small businesses, or
departments of larger companies.

Craig



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[e-gold-list] Re: PayPal article

2001-02-23 Thread GoldDirectory.com

> http://www.salon.com/tech/feature/2001/02/23/pay_pal/index.html

Who is this Brody fellow who took $20,000 in bad payments through PayPal
selling e-gold? Which exchange service is he running?

I also tend to resent their implication that e-gold sellers somehow 'know'
that the money is coming from shady characters? Obviously, PayPal doesn't
'know' they are shady characters?

Craig




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[e-gold-list] Sold 3 Bars?

2001-02-21 Thread GoldDirectory.com

Wow, It looks like OmniPay bailed OUT 3 bars of gold today? Right? If so,
then that's a first. I don't think they've ever had to sell any gold.

Craig



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[e-gold-list] RE: inquiring minds

2001-02-16 Thread GoldDirectory.com

> I would like to submit that the "User Agreement" is a masterful piece of
> deception.  It's like a "gotcha".  A net for fish.
>
> YOUR CAT can have an accout with egold.com.  YOUR CAT can have FUNDS in
> "its" account .. YOUR CAT needs a notarized proof of identity tho', to get
> it out, if DDU comes down on "it".

No, your cat cannot be an authorized user for the purpose of doing
OutExchanges through OmniPay for one million dollars. The contact
information IN the account must match the person trying to take possession
of money used when selling the e-gold through OmniPay.

> Since egold.com is so identity oriented (only on LARGE account balances)
> WHY don't they just REQUIRE it right up front ?  Why wait until they can
> hold someones account RANSOM ?  Would they "inherit" the account funds if
> the REAL owner did NOT show up ?

It's an OutExchange issue, through OmniPay -- not a requirement for owning
an e-gold account, and it's also an issue of liability. If the amount is
relatively small, and OmniPay is held responsible for selling someone's

e-gold without checking their identify, then the value of the e-gold is what
matters. The loss of one million dollars might seriously affect their
operation, whereas the loss of smaller amounts would not. Checking the
identity of someone trying to sell a large amount of e-gold is prudent,
where a smaller amount, if lost through negligence, would not be so
catastrophic.

> Would there be some kind of "default" measure already in place ?

I am not G&SR and I haven't spoken to them in 6 months about any matter, so
I am just speaking from what I think to be a logical position. Everything
I've said is my own interpretation of the issue. Having said this, it would
not surprise me if the e-gold sits in dispute until Costa Gold forces the
issue through court, or by honoring G&SR's requests. To send one million
dollars to anyone, without asking for identity from the person making the
request, could be considered negligence.

Craig



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[e-gold-list] RE: inquiring minds

2001-02-16 Thread GoldDirectory.com


> Right now this "Costa" thing has been going on for weeks (and, according
> to Craig, it MAY go on for YEARS) .. does it look like Costa is going to
> just walk away ? There is OVER ONE MILLION DOLLARS US IN GOLD on the
> table.

Tough decision. Identify yourself, receive one million dollars, and be held
accountable -- or not.

> Think about WHERE that gold came from ...

It came from people who were thinking they were going to get an extremely
high, quick, return on an investment -- which is not possible if Costa Gold
sells the e-gold and takes the cash. It's not even possible if they don't,
since no such legitimate investment can grow at those rates.

> E-god account holders .. NO one else ... thousands of them .. and they are
> ALL talking about what E-god is doing to THEM .. the ACCOUNT HOLDERS are
> the ones paying the price for E-gold.coms "requirements" ... BAD PUBLIC
> RELATIONS are the result.

That works both ways. I like the idea of knowing that G&SR acts prudently
when requests to withdraw e-gold are made.

> Now, what about a situation where some OTHER corporation is thinking about
> putting THEIR payroll into gold .. and payday rolls around, and E-god
> decides they "need to know" who the owners REALLY are (and those owners
> are "foreign individuals") ... payroll WON'T go out, and UNhappy employees
> are the result.

Corporations who wish to have anonymous accounts should NOT use e-gold for
this purpose. Most people, and corporations, who intend to acquire large
amounts of e-gold would first read the user agreement. Why didn't Costa
Gold?

> Now, tell that OFFshore corporation what a good thing egold is ...
>
> It is my understanding that the Kennedy family (and many other super
> wealthy families) are REALLY paupers .. ALL of their "wealth" belongs to
> trusts and IBCs .. do you think any of THEM is going to step forward to
> show proof of "ownership" should E-god demand it ? Under the international
> laws governing HOW THEIR BUSINESS IS SET UP they should not need to.
>
> Even U.S. corporations should recognize that others have RIGHTS also.

It wouldn't matter if the Kennedys had others acting with a 'power of
attorney'. I can't imagine any legitimate business or bank allowing wires to
be issued from anonymous sources. The person ordering the wire may not be a
Kennedy, but he will be identified.

> E-gold need only observe what minimum is required for "due diligence" and
> then RELEASE the funds .. stop this farce about IDENTIFYING THE "TRUE
> OWNERS" ... Lawyers are contacting you, e-gold, get serious ... what is
> YOUR true agenda ? Where is the legal requirement that says you have to
> drag this out ANY more ?
>
> WE are satisfied that you have performed "due diligence" and WE are
> satisfied that "Costa" has provided ENOUGH identification and WE would
> like you to release OUR gold ... but WE aren't running the show, are WE ?

So, are you an owner of Costa Gold?

Craig



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[e-gold-list] Re: Thank you

2001-02-13 Thread GoldDirectory.com

I want to thank all those who thanked Jim Ray.

Thanks JP! Thanks George Freeman!





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[e-gold-list] Re: e-gold in circulation

2001-02-13 Thread GoldDirectory.com


> This seems quite odd to me. Can someone offer a plausible explaination?

The e-gold is being recycled.

Typically, Omnipay handles most OutExchanges, where they buy e-gold from
their customers, which goes into their e-gold account and does not affect
circulation. Then they turn around and resell it, moving it back from their
account to their buying customers' accounts, which does not affect
circulation.

Craig



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[e-gold-list] Re: Merchants (was there you go Michael Moore!

2001-02-13 Thread GoldDirectory.com

> How do you figure?  Let use some hypotheticals.  You're a
> merchant selling products where the margins are already very
> low.   You take credit cards and pay 2.5%  Now you are going to
> take gold, where you may pay 1.75%.

I don't understand this. The merchant accepting e-gold can get a premium for
his e-gold, of up to 2%, from several places. How does he pay 1.75%.




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[e-gold-list] Re: Goldeconomy.com

2001-02-09 Thread GoldDirectory.com

> > Should the e-gold servers suffer some unexpected
> > fate, then Standard Gold accounts will probably be frozen until e-
> gold is
> > back up and running.
>
> Not really, I think. This would only stop e-gold to SR-Gold transfert,
> In the event of problems with e-gold server, SR-gold users could
> still do payments from one SR-Gold account to another one.

What if the E-Gold office burnt to the ground, along with the servers? How
long could Standard Reserve operate without the ability to sell some of
their e-gold asset base for cash, to accommodate the numerous people that
might be drawing money out with their ATM cards?

Now I know that E-Gold keeps numerous backups, on-site, and off, but there
would be a delay before they were able to restore their service. Meanwhile,
GoldMoney would be fine.

Craig



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[e-gold-list] Re: Goldeconomy.com

2001-02-09 Thread GoldDirectory.com

Hello Khurram!

> >2) Allow me to write personal checks against my Standard Gold Account.

> I personally would feel a lot better if SR didn't do this.  The ability to
write checks would be mixing repudiability with nonrepudiability which can
lead hassles as most of us have found out.

This is what PayByGold and OmniPay are all about. People won't mistake a
check for something that is non-repudiable.

What I want is to be able to pay my personal bills from my Standard Gold
Account without the use of a third-party. I don't want a third-party sending
out the checks because I don't like the hassles that arise when checks don't
arrive on time. I sent a check through a local OutExchange Check Service 2
weeks ago yesterday, (to myself), and I just got the check yesterday because
the check was delayed in being sent out. Sometimes delays like this are OK,
but sometimes they are not, and with every layer added to this process comes
another layer of delay, especially when things don't work as expected. The
other thing that personal checks do is allow the sender to know WHEN the
receiver was paid. I don't get this information from third-party
OutExchangers, and I don't have the ability to reissue a lost check as
easily.

I'd like the ability to write my own checks.

Craig



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[e-gold-list] Re: Goldeconomy.com

2001-02-09 Thread GoldDirectory.com

> BTW, how many do believe that it would make Standard Gold even
> better if it would eventually accept GoldMoney as part of its a
> money base.

I've been thinking more and more about StandardGold, because it has confused
me. However, the more I think about it, the more I think there is a future
for it. However, I have been reluctant to buy it because I am unsure of
their asset base, and I don't see the need for an e-gold debit card which
costs about $10 a month.

If Standard Gold is going to back their currency with e-gold, then the risk
associated with placing value in Standard Gold is compounded with the risk
associated with e-gold. Should the e-gold servers suffer some unexpected
fate, then Standard Gold accounts will probably be frozen until e-gold is
back up and running. The advantage to sharing value between e-gold and
GoldMoney is that the risks are independent of each other and assets in one
location can be used to balance assets in the other location. Standard Gold
cannot be used to balance risk against e-gold because they use e-gold as an
underlying asset.

On the other hand, should Standard Gold diversify their assets, make them
public, and create an independent trust, then MY trust in Standard Gold will
go up immeasurably. Additionally, these things would go a long way to make
me a true believer in Standard Gold:

1) Issue the Debit Cards.

2) Allow me to write personal checks against my Standard Gold Account.

3) Provide an easy method to move value between E-Gold and Standard Reserve,
(even if a fee was involved, it needs to be immediate and automatic).

If Standard Gold had all of these things going for it, I would become a
believer.

Sincerely,

Craig Haynie



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[e-gold-list] Re: goldmoney.com

2001-02-07 Thread GoldDirectory.com

> I dunno if anyone noticed but when you click to login, you go to
> a page that is not encrypted to enter your Holding # and passphrase.
> I am sure this is an oversight on the part of goldmoney.com

It's not an oversight. The data posts through SSL. It's fine.

Craig



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[e-gold-list] Re: Observations about GoldMoney

2001-02-07 Thread GoldDirectory.com


> I wonder if FideliTrade is unprepared. I don't see any mention of
GoldMoney
> on their website, and though I sent them an email yesterday, asking how to
> buy GoldMoney, they haven't responded.

Well, I just got a message from GoldMoney.com. I'm supposed to call
FideliTrade on the phone at a given number.

Interesting...

Craig



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[e-gold-list] Re: Observations about GoldMoney

2001-02-07 Thread GoldDirectory.com

I wonder if FideliTrade is unprepared. I don't see any mention of GoldMoney
on their website, and though I sent them an email yesterday, asking how to
buy GoldMoney, they haven't responded.

Craig



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[e-gold-list] Re: Observations about GoldMoney

2001-02-07 Thread GoldDirectory.com


> If you want to be an Exchange provider for them, you
> will have to bail a 400 oz bar into the system, unless
> you buy from the currently listed Cambio?
> It seems like a very steep startup cost.

With the E-Gold system, only G&SR can bail gold into the E-Gold system.Those
who wish to sell e-gold can buy e-gold from G&SR through their Market Maker
Program and resell it, or they can buy it from ANYONE they find. It looks to
me like GoldMoney may be setting up the same type of arrangement.

> It looks to me like they cater to investors of large
> proportion, even the 5000 minimum is pretty steep for
> a business that is a start up.

Once other cambios come on-line, the prices and amounts being sold should
vary.

> I wonder if the e-gold bars are part of the same good
> delivery standards circle they are talking about.

Yes, they are!

> Did anybody find out how to get gold into your
> Holdings?

At GoldMoney? It looks like FideliTrade is it at http://www.fidelitrade.com

Craig



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[e-gold-list] Re: Observations about GoldMoney

2001-02-07 Thread GoldDirectory.com

Hello Parker!

> Also, check out www.3Pgold.com -- though I'm not clear on their level of
> release (i.e. trial beta, or what),they were in trial beta not too long
> ago, but I haven't heard of an official release. Plus they are
> developing ancillary electronic services not yet mentioned on the main
> site.

3Pgold has NO plans to develop a payment system. You will simply hold gold,
on account.

Craig



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[e-gold-list] Re: GoldMoney is Open

2001-02-06 Thread GoldDirectory.com

Well, now I'm starting to wonder about them:

"Unless the context clearly indicates a contrary intention, any word
connoting:
Any gender includes the other two genders; "




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[e-gold-list] Re: GoldMoney is Open

2001-02-06 Thread GoldDirectory.com

Their fees are interesting. I like the 1/10th of 1% payment fee. Note, also,
the lost-passphrase fee:

*Payment fee 1/10th of 1% (0.1%) of payment amount; maximum amount of 1
GoldGram (1gg).
*Storage fee ½ of 1% (0.5%) per annum; charged monthly and/or when the
balance of a Holding is changed by either making or receiving a payment.
*Lost Passphrase fee 100 mils minimum, 2gg maximum; the exact amount charged
depends on the amount of time spent by GoldMoney staff validating the
Holding owner.
*Zero-out Holding fee Less than 1 mil; when the balance of a Holding falls
below 1 mil, the remaining amount is debited from the Holding to bring the
balance to zero.



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[e-gold-list] Re: GoldMoney is Open

2001-02-06 Thread GoldDirectory.com

> Can you tell us a little about it here?  Is it a 100% backed
> currency, how is it related to e-gold, what are the advantages -- etc.

Hello JP!

Where have you been? It's like e-gold in every way.

Examples:

1) What is GoldMoney?
GoldMoney® is an online payment system ideally suited for ecommerce because
it is highly secure, easy to use, quick and cost-effective. GoldMoney
enables globally dispersed buyers and sellers of goods and services to
transact directly between each other to make nearly instantaneous payments
in weights of gold called GoldGrams.

2) Where are GoldGrams stored?

The gold circulating on the Internet as GoldGrams is stored at VIA MAT
International Ltd. in the form of 400-ounce London Good Delivery bars, an
industry standard. VIA MAT stores the bars in a secure vault for precious
metals near London, England. All gold stored at VIA MAT for use as GoldGrams
remains the property of the owner of those GoldGrams. Neither VIA MAT nor
GoldMoney have any ownership interest in the gold in VIA MAT's vault.

3) How can I take delivery of my gold?
GoldMoney users who wish to take delivery of their gold in the form of
400-ounce London Good Delivery bars must initiate the delivery by submitting
to GoldMoney a secure online Delivery Request. Users cannot contact the
Vault directly without first making delivery arrangements through GoldMoney.

Users wishing to convert smaller amounts of GoldGrams into physical gold or
national currencies should contact a Cambio that provides this service. A
list of Cambios (for information purposes only) is provided here.

4)How can I put gold into GoldMoney?
Simple. Just login to GoldMoney and then complete and submit a secure online
Storage Request. You will then be contacted by e-mail or telephone by
GoldMoney to arrange delivery. The minimum storage amount is one 400-ounce
London Good Delivery bar. As soon as the bar is transferred into the Vault,
the appropriate number of GoldGrams will be added to your Holding.

Craig



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[e-gold-list] GoldMoney is Open

2001-02-06 Thread GoldDirectory.com

GoldMoney is live at www.GoldMoney.com

Craig



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[e-gold-list] Re: Opportunities (was Re: GoldPouchExpress fund e-gold account fast by Visa for 13%

2001-02-01 Thread GoldDirectory.com

Hello!

> [DeLurking...]
> What about a 1-900-GET-GOLD funding method. I call the number
> from the phone I wish to have charged for the call. A recording prompts
> me for an E-Gold account number. I verify the account number with
> a yes or no. Then 100 dollars worth of Gold are spent to the account
> and charged to my phone bill. Done.

No disrespect intended, but here's the problem:

Mr. Scammer buys $2000 of e-gold with this method. Then, at the end of the
month, after he gets his phone bill, he calls the phone company and claims
he never made the call. Of course not! No legitimate operation would charge
$2000 for a phone call!

Craig



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[e-gold-list] Re: Gold-Age is Fine: Conclusion to the Credit Card Saga.

2001-01-30 Thread GoldDirectory.com

Hello!

> GD> Which is why we need a two-step handshake method to send an e-gold
> GD> payment, where, when using this method, the e-gold must be sent
> GD> and then PICKED-UP by the receiver, with a password of the
> GD> sender's choice, before the transaction is complete.
>
> Which should be done by a 3rd party.  A kind of escrow service.
> Using a public balance account.

What? I send e-gold to you and then you send it to my customer? What if I
miskey YOUR e-gold account number?

Craig



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[e-gold-list] Re: Gold-Age is Fine: Conclusion to the Credit Card Saga.

2001-01-30 Thread GoldDirectory.com

>  Also I've had quite a few complaints that I did not fulfill their
> order, even recently with our new payment system -- upon looking into
> their order I find that it was filled, only then does the customer
> realize that they gave me the wrong e-gold # (please people, check your
> information and facts before flying-off-the-handle).

Which is why we need a two-step handshake method to send an e-gold payment,
where, when using this method, the e-gold must be sent and then PICKED-UP by
the receiver, with a password of the sender's choice, before the transaction
is complete.

Sincerely,

Craig



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[e-gold-list] Re: Omnipay ready to sell gold!

2001-01-29 Thread GoldDirectory.com

> However, you have the get the 400 oz. of e-gold in the account in the
> first place. This usually involves an inexchange. This is where the
> inexchange fees come from.

OK, I got you. However, if you wanted to buy 400oz of e-gold, you could
probably get a better deal than 4% if you either called Omnipay, or either
Goldfinger, Gaithman's, GoldNow, or StandardReserve.

> > However, if you wanted to do this right, then join the network, get an
> > account with the Bank of Nova Scotia, and then sell the bar to them
after
> > it's transferred into your account. You should get close to spot. Right?
>
> Close but no cigar... From what I understand, it takes deals on the order
> of several thousand ounces to receive spot price.

Only when buying the bars to bail them in, right? If G&SR wanted to bail-out
a bar of gold and then sell it, they would get the spot price from the Bank
of Nova Scotia. Otherwise their OutExchange rate is set too high, because
they are offering the spot price on OutExchanges. Also, E-Gold LTD requires

a 1% premium to bail out a bar, so you would need around 404oz to get a
400oz bar, if you wanted to take redemption.

Someone needs to test this. I don't think anyone's ever redeemed a bar.

Craig



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[e-gold-list] Re: Omnipay ready to sell gold!

2001-01-29 Thread GoldDirectory.com

> I multiplied by 4% because that is what will be lost in InExchange fees.
> After you fill up an account to 400 ounces e-gold and redeem it for a bar,
> you will still have something worth over $100k. However you will have
> spent $4200 acquiring this bar.

InExchange fees don't apply here. If you have 400oz of e-gold, they will
send you a bar -- as outlined in the user agreement. There might be other
fees involved in the shipment of a bar, but, presumably, you would get it.

However, if you wanted to do this right, then join the network, get an
account with the Bank of Nova Scotia, and then sell the bar to them after
it's transferred into your account. You should get close to spot. Right?

Craig



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[e-gold-list] Re: Siamese Twins

2001-01-29 Thread GoldDirectory.com

> There is nothing wrong with spinning off units for all the reasons you
cite.
> There is something VERY wrong when the owner of those companies then
> misleads teh public by claiming that "we" (Omnipay) have no influence over
> "their" (egold) policies and "them lot" (Digigold) aren't even related to
> us.

Where did anyone at G&SR say that they were not related to DigiGold or
E-Gold LTD?

> I defy you to get anyone from egold, and I don't mean their offshore agent
I
> mean the office in Florida, to proclaim in public that they have de facto
> control over Digigold, egold and Omnipay. I don't mean legal fictions or
> nominee shareholders or trusts or any of that offshore rot.
>
> I mean decision making.

Why should they make this statement for you?

> When they are playing at being egold they won't roll back a transaction.
> When they are playing at being Omnipay they will. Same guys pursuing
> policies of convenience.

Two user-agreement with different provisions.

Hasta,

Craig



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[e-gold-list] Re: comingling

2001-01-29 Thread GoldDirectory.com

> These guys don't know much about privacy if they can't even mask the trail
> that connects their own offshore companies. [...]

E-gold was not set-up as a private, offshore haven. Why did you assume
otherwise?

Check out this part of their privacy policy:

"Unless (i) necessary for completing OutExchange payments, (ii) otherwise
approved by User, (iii) ordered by a court or arbitration body of acceptable
jurisdiction, as determined by G&SR, or (iv) required for the submission of
a U.S. Department of the Treasury Form 8300 *, G&SR shall not reveal User's
contact or identifying information or transaction history to any third
party."

Craig



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[e-gold-list] Re: To all market makers [2]

2001-01-24 Thread GoldDirectory.com

Well, the other question then becomes, "How is he going to convert his
e-gold to cash?"

The problem with setting up a front organization to take his third-party
checks and cash, and then convert them to e-gold, is that this is the sort
of thing that some fraudulent operations would undertake to enable
themselves to remain anonymous to the law.

Be warey.

Craig



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[e-gold-list] Re: To all market makers

2001-01-24 Thread GoldDirectory.com

> Sounds like it would be more practical to just set up his own e-gold
> account and an e-gold shopping cart for his website. www.Mals-e.com
> provides a free & easy to use hosted shopping cart system and can be
> configured for e-gold -- see www.gold-age.net for a simple example
> selling gold dust.

Shoot! ... Just look at hogeye's tip jars. It's VERY easy to develop a
website interface to allow merchants to accept e-gold at the click of a
button. Just copy this code straight into a website and modify the values in
the fields.

https://www.e-gold.com/sci_asp/payments.asp" method="POST">
  
  
  
  
  
  mailto:[EMAIL PROTECTED]">
  http://www.golddirectory.com">
  
  http://www.golddirectory.com">
  
  
  
  
  

  
  3 centigrams (about $0.25 USD)E-Gold
Gratuities
 Gladly Accepted
  




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[e-gold-list] Re: To all market makers

2001-01-24 Thread GoldDirectory.com

Why doesn't he accept the French Francs directly?

Craig

- Original Message -
From: "Mariman Center" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Sent: Wednesday, January 24, 2001 1:31 AM
Subject: [e-gold-list] To all market makers


>
> Hi All,
>
> First, thanks to those of you who replied to me about Paypal.
>
> A  Client will sell a CD online, and asked me to find a convenient way
> for  him  to  get  the payments. He doesn't want to accept CC for some
> personal reasons.
>
> Most  of  his  Clients  will  be  from  France, and will pay in French
> francs.  The CD will be sold 100 FRF (about $15), and he plans to sell
> between 300 and 500.
>
> We are looking for a marker maker who will accept:
>
> - FRF by cash (registered mail)
> - FRF by personal check
>
> Both to be converted to e-gold.
>
> Please email me your conditions (Fees, delay for checks, etc)
>
> Thanks,
>
> MC
> --
> Mariman Center
> www.mariman.net
> WebHosting - WebDesign
>
>
>
> ---
> You are currently subscribed to e-gold-list as: [EMAIL PROTECTED]
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[e-gold-list] Re: Fraudulent Activity ??? Come again?

2001-01-18 Thread GoldDirectory.com

> >It is against their policy to close accounts without cause relating to a
> >security breech. They will, however, close the account to new deposits,
if
> >they suspect that the account holder is engaging in fraudulent activity
in
> >an anonymous account.
> >
> Wow, this really smells. How the hell do they know a person
> is engaging in "fraudulent activity" and what evidence would they
> have to present to the owner of the account that it has been closed down?

Read the user agreement!

They don't close the account down. They restrict it from receiving payments
from other accounts. They can still send the e-gold to others and sell it.
It is my understanding that if the account owner provides adequate
identification, the account will be reopened.

Here are the relevant parts of the User Agreement.

"4.2. Value Limits

Issuer may set the value limit on the balance in an e-gold account based on
the sufficiency of the identifying information provided by User. Issuer may
restrict User's ability to use more than one e-gold account in an attempt to
circumvent this limit."

"4.6.2. Refusal without Cause

If Issuer refuses service to User without cause Issuer will do so by
adjusting value limit, but Issuer will not Freeze the account."

> And do they have a policy of closing down an account based on
> just suspicion? And do they close down an account without due
> process or notification so that one morning you go to access your
> account and you find "ACCESS FORBIDDEN" written across the
> computer monitor.

They do NOT close accounts unless they suspect a security breech.

Here is the clause:

"4.6.1. Refusal with Cause

Issuer will block any transactions that increment or decrement the balance
in User's e-gold account ("Freeze"), with cause:

4.6.1.1. Issuer will Freeze the e-gold account of User if User uses, or
attempts to use the e-gold service in connection with tampering, cracking,
modifying or otherwise corrupting the security or functionality of the
e-gold system. Additionally, User will be subject to damages and other
penalties, including criminal prosecution where available and the
notification of the general public of User's actions, at the sole discretion
of Issuer.

4.6.1.2. Issuer will Freeze or remove a Freeze from an e-gold account, if
ordered to do so by an order from a court or arbitration body of acceptable
jurisdiction, as determined by Issuer.

4.6.1.3. Agio Fee will continue to be assessed on a frozen account."

Craig



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[e-gold-list] E-Gold Security Issues (Was Hacking? ... )

2001-01-17 Thread GoldDirectory.com

> >Yes, e-gold is BIG business and as such it is utterly
> >INEXCUSABLE that they do not have 24/7 live tech support
> >and are not working their a**es off making our e-gold

> >accounts opaque to hackers. I know of one person
> >who had I5K removed from his account, and just
> >this week two people I know have had attempts at
> >hacking their e-gold accounts, in one case
> >rendering it useless for spends.
>
> If you click on every untrusted executable sent to you,
> there's nothing that e-gold [or anyone else] could do.
> It's called evolution in action.

Actually, it's something that could probably happen to any of us, if there
is such a thing as a trojan horse which will email our passwords to some
thief, somewhere.

In order to wire money from my CompuBank account, I need to do this:

1) Login with a 10-Digit UserID that only I know about AND a password of my
choosing.
2) Answer a random personal question.
3) Enter a second password to transfer the money.
4) Answer a call-back at my number.

Fundamentally, E-Gold should offer at least another two tiers of protection;
whereby small spends and balances use one password; larger spends use
another password; and the account information is protected by a third
password. The user could choose to set all passwords identically, or he
could choose separate passwords for these functions. The call-back function
is great, but I ask for too much. Another great security feature would be
positive handshaking, whereby a spend is allowed to be revocable until the
receiver picks it up with a password of the senders choice. This would
eliminate any concerns about sending a lot of money to the wrong e-gold

account. The sender could revoke the spend if the receiver doesn't have the
password to pick it up.

The way e-gold is now is that it's a one-password-uses-all type of system
and this is a bit unsettling for someone who wants to keep a lot of money in
it. I found myself just yesterday, checking my balance on a University
computer. Who knows where that's been?

Craig





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