from:"Sidd"

[e-gold-list] Re: gold price downturn and investment vehicles

2003-12-04 Thread Sidd

Hello Patrick,

Patrick Chkoreff wrote:

> Interesting.  You mentioned USD/AU and USD/NZD, but do you have a 
bottom line figure on NZD/AU?  I mean, how much has the price of gold 
in NZD dropped over the last two years?

Actually, from the data I have, in the same time period I quoted 
before, it appears the gold rose by just over 2% in terms of NZD... 
slightly better than the inflation rate of about 1.5%

I think the charts you want are at http://gold-price.net

Regards,

Sidd.



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[e-gold-list] Re: gold price downturn and investment vehicles

2003-12-03 Thread Sidd

Here's an interesting observation:

In the last 2 years, most people have been excited about the rise in 
the gold price. On this day in 2001 the gold price was $275/ounce
<http://kitco.com/scripts/hist_charts/daily_graphs.cgi>

Today the gold price is $403/ounce. 
<http://kitco.com/charts/livegold.html>

This shows an increase of 46.5% over the 2001 price.

To put this into perspective though, consider the devastation of the 
USD. My interest is in New Zealand, where I reside for much of the 
time. The USD/NZD exchange rate on this day 2001 was  2.41663
<http://www.oanda.com/convert/classic>

Today the USD/NZD exchange rate is  1.54696

This shows an increase of 56% over the 2001 price.

Thus, I have been MUCH better off keeping my money in a NZ bank at an 
interest rate of 6.5% than I would have been if I had kept it in gold.

You Americans must be really pissed at how your currency is being 
destroyed!

Sidd.



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[e-gold-list] Re: Ethical refunds

2003-12-02 Thread Sidd

Viking Coder wrote:

Yes, but is it a matter of ethics, or of business practices/methods?

When a transaction is made across
non-equivalent currencies, is there an *ethical* means of determining what
amount should be refunded?
There was no transaction across non-equivalent currencies, gold was 
paid, and gold should be returned.

If the customer had paid Graham 500 USD, Graham would be correct to 
return USD, but that was not the case, Graham was paid a weight of 
gold. It is impossible to "Spend" USD with e-gold, and this is 
clearly stated on the e-gold site.

Quote e-gold Account User Agreement:
1.12. “Spend” means the act of transferring value between e-gold 
accounts in fulfillment of a payment order entered by User. Spends 
are accounted by weight and convey title to that precise fine weight 
of metal. Spends may not exceed Available Balance.

How is this situation usually handled (fiat <-> fiat transactions)? Is the
merchant/payee's currency used as the basis for refund, or the
customer/payer's currency used?
This is not the issue under discussion, no exchange between different 
currencies had taken place.

Sidd.





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[e-gold-list] Re: Ethical refunds

2003-12-02 Thread Sidd

Viking,

Viking Coder wrote:
Why is that the case when the transaction was done in USD, and the
site/emails contain notices stating such an eventuality?
Please read my previous message explaining the situation.

If the reverse had happened, and the exact weight was returned, the client
would be raising hell that $580 was spent, but only ~$567 (minus fees) was
refunded.
It would be easy to explain the logic of the refund if it was done 
correctly as I explained.

A transaction should be unraveled in the same manner that it was entered.
No, that is not correct... see my other message.

Or do you mean ... 
"The ethical way is to always take the short end of the stick, regardless
of circumstances"

Which is an extreme version of "The customer is always right"
No, I don't mean that, I mean there is only one correct solution, no 
matter which way the USD value of gold moves.

Sidd.



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[e-gold-list] Re: default to USD/weight?

2003-12-02 Thread Sidd

Graham Kelly wrote:
I wouldn't normally disagree. However, the GoldNow terms of trade
specifically advises that we default to the USD value. 

Besides, that not an ethical error, just a trading reality.
No, you are incorrect, it is a matter of ethics. If someone gives you 
something and you wish to return it, you must return exactly what 
they gave you, not some arbitrary non-equivalent valuation of it.

You were paid a certain weight of gold... all e-gold payments are 
settled in weight of gold, as clearly stated on the e-gold web site. 
The exchange rates are merely for convenience.

In order to ethically return an e-gold payment, it is necessary to 
return the weight of gold.

Sidd.

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[e-gold-list] Re: Some reasons why you should do MUCH business with Graham Kelly/GoldNOW!

2003-12-02 Thread Sidd



Graham Kelly wrote:
This person wants me to refund the difference in the cost of the e-gold
when he delivered it to us, after he cancelled his order, and we refunded
him. He gave us $580 USD worth of e-gold, which was returned in *full*,
less the DMT transfer fees, plus an apology for the delay. Apparantly,
the value of gold reduced by some $13 odd! (Incidently, we would have
refunded his e-gold for EXACTLY the same amount had the ecurrency value
increased... he could have made $ on the refund!)
The ethical way to deal with a situation like this is to return the 
exact amount of gold by weight to the customer, not the USD value.

Sidd.

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[e-gold-list] Re: comglomerated gold

2003-11-29 Thread Sidd



Robert B.Z. wrote:
Sidd,

Untrue... 1g e-gold has ALWAYS been = to 1g Pecunix...
Try it for yourself <http://open2exchange.com/buy.sell...c2c>
What about the transaction fees on the deposit at pecinux?
It's free... Pecunix has a policy of offering preferred transaction 
rates to certain larger customers. It is available to all businesses 
that qualify, on application. see the bottom of the following page 
<http://pecunix.com/money.refined...ind.feestructure>

Regards,

Sidd.

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[e-gold-list] Re: comglomerated gold

2003-11-28 Thread Sidd

Robert,

Robert B.Z. wrote:

>> 1g e-gold = 1g pecunix = 1g e-bullion = 1g goldmoney
>>
> No it is untrue on two counts:
> (1) 1g e-gold = (1g sth else - minus exchange fees)
Untrue... 1g e-gold has ALWAYS been = to 1g Pecunix...
Try it for yourself <http://open2exchange.com/buy.sell...c2c>
Likewise for all the others...

> Either way, I think the main concerns are not two words I used and 
> their dictionary meanings, but the fact that for 1g comgold to be
> redeemable for gold, you need to look at it as 100/100g comgold

I think you have misunderstood Viking completely...

> Hence there has to be actual proof of the gold holdings
> for each currency,
That is what Viking proposed.

The simple proposal was that there would always be a 1:1 ratio of 
gold to comgold, but a user would need to take pot luck when redeeming...

In other words, if you wish to redeem 40g of comgold, and there is 
say 30g of e-gold in the system, and 20g of Pecunix and 10g of 
e-bullion etc, you are out of luck if you want it all in e-gold, you 
would need to take the 30g in e-gold and the balance in one of the 
others...

There is no fractional system...

Regards,

Sidd.

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[e-gold-list] Re: Pecunix security

2003-11-26 Thread Sidd

Sidd wrote:
Send the e-mail address to the person who must view the account. Once 
they have viewed the account, change the e-mail address in the account 
back to your normal one.
Er... and remember to turn public viewing off again.

Regards,

Sidd.

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[e-gold-list] Re: Pecunix security

2003-11-26 Thread Sidd

George,

Viking Coder wrote:
I wonder if it is possible for a user to make his account balance public, but
not to everybody?!


This is currently possible - somewhat; the read-only access level.
However, the password would have to be changed soon after to make it
temporary.
A better way to do it would be to put an obscure e-mail address as 
the Pecunix account identifier... any free e-mail address that you 
control would do...

Send the e-mail address to the person who must view the account. Once 
they have viewed the account, change the e-mail address in the 
account back to your normal one.

The public balance is viewed here:
<http://pecunix.com/money.refined...ref.balance>
Regards,

Sidd.





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[e-gold-list] Re: I need a host outside USA

2003-11-26 Thread Sidd

Try this:

http://garzoo.com/index.cfm?fact=searchresults&start=1&string=hosting

[EMAIL PROTECTED] wrote:
Sorry for posting on egold list but I can not find a good host. Thank you
for understanding !




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[e-gold-list] Re: monthly billing

2003-11-24 Thread Sidd

Dear Jeff,

Graham Kelly wrote:
Try Pecunix.com , I think they have a monthly billing solution, which MAY
fit the bill.
Pecunix doesn't have a "monthly billing" solution, but it does allow 
account holders to set up regular automatic payments... so if you 
encourage your subscribers to set up automatic payments  to pay with 
Pecunix, you will receive the payments like clockwork.

Regards,

Sidd.

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[e-gold-list] Re: Pecunix Login

2003-11-24 Thread Sidd

Hello George,

FileMatrix wrote:
Someone could still your wallet, or take a photo of your PIKs, or simply
copy the PIKs... and you would never know.
George, by far the greatest problem is the theft of passwords by
virus/trojan type keyloggers... In all my years in this community, I
have never heard of even one case of passwords being stolen because
they were written down and stored safely.

Remember again, the PIK is the equivalent of the e-gold/goldMoney
account number. In those systems you actually PUBLICISE the account
number. You are harping on the VERY SLIGHT risk that someone MAY get
your PIK. It doesn't matter George! It is just one half of the
puzzle, the Password is the SECRET part of the key... The PIK is
there to defeat the trojans, the password secures your account, just
as it does in e-gold and the others.

So, sorry to say, the security of Pecunix log-in is not better than others.
This is an entirely incorrect observation... you have missed so many
factors in the equation of security and usability.

If the password could be longer (the maximum set to at least 20 characters),
things would be entirely different.
Ok, that's no problem to change...

And even better if Sidd would put three
passwords (and one PIK), as he said.
Actually, we would need to have 3 PIKs and 3 passwords... the
password is vulnerable to keylogger attacks, and insider attacks with
keyloggers are VERY much easier than even the e-mail/virus/trojan
attack because insiders may have access to the machine. If I gave my
(one) PIK to my crooked bookkeeper and the read-only password... he
would merely need to log my keystrokes once to steal my full password
and get access to the account.

But anyway, Sidd, also think at the
"Bedazzled" log-in, with password images (those images can be copied only by
someone with access to the computer, unlike a printed PIK).
Its too complicated and too limiting George... imagine, if people
judge the current Pecunix system as complicated, how much more so is
"bedazzled"? I am a traveller, and I need to be able to access my
Pecunix account from various computers in various locations... I
don't need the problem of having to carry my login images around on a
disc (which could be stolen, and I don't even know the meaning of
encryption, so I am entirely vulnerable).

There are many people using DGC's, each of whom has an ideal for the
way he would like the system to work, and is blind to the needs of
others... we need a system that is secure and satisfies the majority
of users. I think we have a good start on that as Pecunix is now.
Change is a good thing, but too much change is very bad...

Regards,

Sidd.

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[e-gold-list] Re: Pecunix security

2003-11-24 Thread Sidd

Dear Jim,

Jim Davidson wrote:
One of the things I'm not clear about is how one goes
about logging into a Pecunix account with less than full
access.
Log in to your Pecunix account with full access and click "Account
Details" > "Access Levels"

Look for "Limited Access" and "Click here to view or update your PIK
for this access level"

This will reveal your limited access PIK... use the limited access
PIK to log in with limited access, and likewise use your read-only
PIK for read-only access.

You can also activate PGP security for your account by clicking
"Account Details" > "PGP Security"

For those who only use one computer and who have a fixed IP address,
the IP security is also available (George?)

Sidd, it seems to me that you should keep the high level of
security for full access. Perhaps lower-level access could
be obtained using PGP only?
The thing is Jim, despite what the detractors say, Pecunix does have
a much higher level of security than the competing DGC's and it is
NOT DIFFICULT to use! There is no need to have lower levels of access
security.

Or maybe those who want to risk the keystroke loggers and
clipboard loggers can set their accounts to a more open
approach. I don't know.
I think this is unnecessary, the Pecunix system works well, and is
really not difficult. There is enough evidence to suggest that we
need to help users to protect themselves, despite their best efforts
to the contrary.

If it were possible it would require running a program (such
as activex) from the browser... a definitely BAD idea.
Isn't ActiveX one of those dramatically bad ideas of the
Microsofties? I thought it was pretty much limited to
Internet Exploder?
Yes, I think so... the alternative would be Java... either way, it is
never a good idea to run any type of program from a browser... it is
open to all kinds of abuse... Imagine the fun that copycat sites
could have if the user was actually willing (and expecting) the site
to download a program to the browser!

Regards,

Sidd.

[e-gold-list] Re: Finding serious e-gold investors...

2003-11-22 Thread Sidd

Hi Gordon,

I suggest that it work by allowing the software to be installed onto a
server and when the company using it needs to dump the currency, they just
click send from the admin area and it does what yours does now.
Yes, that is an option with gold-cart, but it's easier than that...
use your own shopping cart/sign up forms on your server then send
only a TXN ID and payment info to gold-cart which converts the
currencies at Open2exchange, and confirms the payment with your
server...

I would not be willing to move our registration process to a third party.
The data is much too important and furthermore it completely breakes the
unbroken chain of privacy we are respected for having. Of course we are a
special case.
Yes, of course, that is an issue... note above though that the
registration process would still be done by you on your servers, only
the payment would be facilitated by gold-cart. The only privacy
concern could be that gold-cart would know that "e-gold account
number xxx paid Katz xx amount on xx date"

I have a ton of other sites/businesses that could make use of
something like this where the protection of the order process would not need
to be so high.
Yes, it's that ton of businesses that gold-cart is targeted at
Gordon... please let them know about it :)

If you give it some though Robert, I don't think you would appreciate anyone
having your client list for the next year. Would you?
There is no client list Gordon, it is simply a list of account
numbers paying your account... and as we all know, there is no way to
contact those account holders, or even find out who they are.

Also I see an oversight in the return email. There is no address field on
the form yet it is spitting it out in the email. There are a couple fields
like that.
Thanks for spotting that, I will look into it...

the
stories about Pecunix being too complicated are grossly exaggerated.
Yes, I see that now.
Wonderful news!

Regards,

Sidd.

[e-gold-list] Re: ?

2003-11-22 Thread Sidd

Dear Bob,

Thanks for your comments... you must be using a pretty old browser!

Bob wrote:
At:
http://pecunix.com/money.refined...ref.pgpkey
"-END PGP PUBLIC KEY BLOCK-"
is normally display on a separate line.
In the bowser view it's not.
The key should be displaying in a text area form field. All that 
should be necessary is to click in the form field, then go ctrl-A, 
ctrl-C to get the key on your clipboard.

If you have your "hotkeys" active in PGP, you should be able to 
simply click in the field where the key is and go ctrl-shift-D to 
import the key into PGP.

Finally, the keys are up on the server, so if you go to your PGP keys 
and do a server search for "[EMAIL PROTECTED]" you should find it.

Just another thing to add to your list.
Thanks Bob, I think I will add a link where you can click to download 
the Key as an armoured text file.

Regards,

Sidd.

PS Bug bounty on it's way!

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[e-gold-list] Re: Finding serious e-gold investors...

2003-11-22 Thread Sidd

Hi Gordon,

Katz Global Media wrote:
I would be more inclined to make use of something like this (Gold-Cart) if I
could install it on our servers rather than running all our transactions
over a third party server.
How would you suggest that could work? Would you then facilitate the
exchange of currencies as well? There is more to it than meets the eye.

I have not ever been able to get into our pecunix account since we opened it
8 months ago. If someone spent funds to it I would have to write it off.
Going through the process of access retieval seemed to be a waste of time
and a major effort.
Gordon, we have no log of you ever requesting to retrieve your
account access. If you have PGP, it takes less than 10 minutes to
recover lost login details... If you don't have PGP, it may take a
little longer. BTW, I just sent 10 grams to your Pecunix account as a
personal gift from me :)

Some things would have to change before we would use this with our daily
buisiness. It is not yet practical for the masses.
I wonder why you say that? Have you visited gold-cart and clicked the
link to buy a funny story? It's so easy its laughable.

One forgets that even using e-gold for a new person is scary and confusing.
Who to trust? How to get your money out? Using pecunix complicates that for
a person new to digital currencies 10 fold.
You have misunderstood Gold-Cart Gordon. Each customer only uses the
currency he is comfortable with, and never even has to know that
Pecunix exists. Merchants who are interested in accepting money are
ever willing to find new ways of doing it, and to tell the truth, the
stories about Pecunix being too complicated are grossly exaggerated.

I don't see how it could ever be more than a money tool for the techies, but
I am willing to be proven wrong.
Indeed, time will tell... so far it seems like a tool for the masses,
the techies are the ones having the problem ;)

Regards,

Sidd.

[e-gold-list] Re: Gold-Cart Article... & trusting e-gold/delayed payments

2003-11-22 Thread Sidd

Dear George,

FileMatrix wrote:
But the way Pecunix displays the PIKs makes it difficult if not
impossible to copy and paste them. So maybe Pecunix could also display
each PIK in pure text in a form somewhat like George suggests:
1-a 2-4 3-T 4-u 5-X 6-b 7-Q 8-N 9-e 10-j 11-Y 12-u 13-A 14-m 15-9 16-h
Absolutely!
This is a possibility, but of course that would be easy for a screen
scraper to steal... I will look into this more.

It is also possible to increase the number of elements in the PIK to all 26
letters from English. This would give a total combinations number of 10^26.
Yes, but there is a very good reason for leaving out the Zero, One,
Oscar, Lima, India, characters... they can be easily confused,
depending on the font the user chooses, and this creates a larger
customer service work load, sorting out "can't log in" queries.

The user would be
instructed to keep private the user name and all three passwords. The user
would also be instructed to keep them in an encrypted file, and to copy and
paste them in the log-in form. The method is both easy and secure. Of
course, as you say, it seems most people preffer to print them and that
would make it impossible for this method to work since it would require
users to type long radom strings.
George, your suggestion assumes that everyone only ever logs in from
their own computer where they have access to these encrypted files.
Sure you could carry them on a portable disc, but when using your
account from an insecure computer (such as an internet café) it is
far more secure to have the PIK printed and carried in your wallet.
The Pecunix system is still by far the most secure default login, but
your suggestions degrade the security substantially.

I was refering to beginners in computers. When I saw the log-in form I was
puzzled for a few (tens of) seconds (and I'm no beginner).
Perhaps your puzzlement was caused by the very fact that you are not
a beginner George. You had a preconceived idea about what to expect
and it was different. Remember beginners find everything about the
computer puzzling, even e-mail, but they work it out. As one becomes
more familiar with computers, one develops certain expectations, and
perhaps is irritated or frustrated if something one is not familiar
with is presented. This seems to be especially so if you consider
yourself to be "tech-savvy". I know I sometimes suffer from this. As
I pointed out before, it is invariably the "tech-savvy" or
experienced user who complains about the Pecunix login system, not
the beginner, who usually asks if he is not sure. Beginners are used
to "not knowing" what to do with their computers and are generally
more willing to click the "help" button.

The
existing password is too short, maximum 5 characters (plus the 4 from the
system) are not enough.
It is generally accepted that 8 character passwords are sufficient
security, and for a user on the move, not always using the same
computer, more than 8 are getting too difficult to remember.

Oh, and maybe you can find a good anti-key-logger program and put a link to
it in the download page. Even if the PIKs are safe (for being images), the
passwords are not.
We can think about that. Remember, even if the keylogger stole your
password, it still doesn't have the full picture and your account is
safe.

I was thinking to something else: isn't there any way to
check using the browser (basically, your log-in page should do this) if
there is any program (the key-logger) hooked to the keyboard handler, or a
text screen harvester? If it is possible, the log-in form could tell users
there is a security breach.
If it were possible it would require running a program (such as
activex) from the browser... a definitely BAD idea.

Regards,

Sidd.

[e-gold-list] Re: Pecunix Audit

2003-11-22 Thread Sidd

Hi Joris,

> Last time I checked the auditors were BDO International.

Yes, that is still correct.

> Is that the 4-monthly audit? If not, can you tell me where I can
> find the last audit done by BDO International?
It is here:
<http://pecunix.com/money.refined...ind.mintInstructions>
Click on the little red double arrow to see the latest report.

Regards,

Sidd.



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[e-gold-list] Re: Gold-Cart Article... & trusting e-gold/delayed payments

2003-11-21 Thread Sidd

Robert, JP,

Robert B.Z. wrote:
Pecunix is just *too* good to be convenient for heavy users ;o)
That's why we have such excellent automation Robert. I guess I am a 
heavy user of Pecunix but I rarely log in to the web interface... It 
is all done automatically by my account system backend, transaction 
history, payments, everything.

Robert B.Z. wrote:
By the way, how about adding a routine that calls Open2Exchange to convert
pecunix into e-gold?
[EMAIL PROTECTED] wrote:
So you could say . it's Sidd's pecunix system combined with Sidd's 
dgc<->dgc system amalgamated directly in to Sidd's pecunix system.
> Hence, I encourage Sidd to urgently integraate metal-escrow's
> dgc<->dgc system DIRECTLY IN TO pecunix.
> (The reason I address you specifically Sidd is you're the most
> can-do IG operator.)
Thanks JP... You guys are too fast for me! First Robert asks for 
Gold-Cart 2 days before I release it, now this... It is in the 
pipeline, but I have a life too :) (I also read Dowd, excellent).

Look for some big changes over the next few months. The next big 
thing is over at Open2exchange coming in a couple of weeks time... I 
think you will all love it, and it will help us to deal with the 
logistics of Robert/JP's idea above.

Next year we will see some dramatic enhancements in Pecunix 
functionality, and of course the escrow facility built into 
Gold-Cart... also, stay tuned to get into the action, private 
placement investment in many of these ventures will be offered on PVCSE.

Right now I'm off to go and have some weekend time with my family :) 
See y'all Monday.

Regards,

Sidd.

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[e-gold-list] Re: Finding serious e-gold investors...

2003-11-21 Thread Sidd

Dear Gordon,

Katz Global Media wrote:
> Robert is right, why put up a logo of a currency that supplies no
clients
and does not help us to protote to their clients? It just takes up valuable
real estate with no benefits.
No more problems there Gordon, simply use Gold-Cart
<http://gold-cart.com> and your problems are over... easy, cost
effective.

Most likely you are right. But as i said, where is our incentive and why
would we bother? It is in our vested interest as merrchants to have
clients focus on one or two DGC/IG and keep things simple for everyone.
This is no longer the case... now it is simpler for everyone if you
use Gold-Cart.

The more currencies that need exchanging,
the higher the fees, the lower the profit, while at the same time the
administrative work-load increases.
Agreed, that is why gold-cart is such an effective solution. You as
the merchant only ever deal with one currency.

I fear, the only way to change this would be if someone offered DGC > DGC
automatic exchange interface which merchants could implement into their
payment gateways.
I think that idea is something lacking in the market. I am not even sure it
would be possible...
It certainly is, and is available to you right now...
<http://gold-cart.com>

At the end of the day, we want to make
money with a minimum of unneccessary administration tasks.

Yes I agree. The formula is: More Money/Less Work and our job is to maximize
that formula until it is automatic.
You're going to love Gold-cart Gordon!

Regards,

Sidd.

[e-gold-list] Re: e-mail, Pecunix login (was Gold-Cart Article...)

2003-11-21 Thread Sidd

Hi Viking,

Viking Coder wrote:
 > Actually, the "ww." is very neccesary.
A quick check to your site shows that
  ww.pecunix.com/money.refined...ref.pgpsignature
is an invalid link, and
  pecunix.com/money.refined...ref.pgpsignature
is as valid as it's "www." counterpart.
The objective was not to create a non-valid link on the e-mail, but 
to create a non-clickable link... most e-mail clients will not create 
a clickable link from "pecunix.com/money.refined...ref.pgpsignature"

Regardless, *any* sign of "Please click/copy the following link
immeadiately" in an official-looking email is a serious security breach.
Agreed, but of course the Pecunix login is designed to effectively 
defeat password harvesting e-mails/trojans anyway, so it is slightly 
less of a concern for Pecunix.

Regards,

Sidd.

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[e-gold-list] Re: e-mail, Pecunix login (was Gold-Cart Article...)

2003-11-21 Thread Sidd

George, Patrick,

FileMatrix wrote:
I just created a Pecunix account. The system is great...
Indeed!

No way for a beginner to
complete the registration and log-in process.
Evidence suggests otherwise George :)

Here are my suggestions:
When an account is created, display all three PIKs as text to allow users to
copy and paste them into their (encrypted) files, without having to type
such complex strings in order to save them.
As Patrick pointed out, the idea is to print them... there is no need
to encrypt them. Remember, the PIK is the equivalent of the e-gold
account number (which is openly publicised). It is not the end of the
world if someone sees your PIK, you still have the secret password.
Pecunix is already much more secure than e-gold because the PIK is
not publicised, so you have 2 unknowns instead of only one. The
initial idea of displaying the PIK as an image was to prevent simple
"screen scraper" type trojans/bots from stealing the PIK. Arik
pointed out the slight security risk of the PIK image being cached by
the browser for long periods. This is also being addressed by
modifying the PIK image to be 16 separate images each randomly named.
They will be cached, but an intruder will not be able to construct
the correct order of characters if he accesses the cache.

BTW, an excellent encryption tool for storing passwords is
<https://sourceforge.net/projects/passwordsafe/>

Write how the user has to log-in, in the log-in form (don't make the user go
to the help page).
Yes, this change is in development at the moment.

Implement this method at least for the read-only and limited access levels.
Here is another change on the cards... Pecunix will be modified to
have only one PIK per account, but 3 different secret passwords...
The current system is not quite right, e.g. If I wish to give my
bookkeeper access to the read-only level, I must currently hand over
the read-only PIK and and my secret password. If she subsequently
comes across the full or limited access PIK my security is
compromised. By having only one PIK (which is not necessarily secret
but should be carefully distributed) and 3 secret passwords, I can
maintain my security.

2.
At the end of the registration process, display all user information in an
edit-box and put a button to copy the text to the clipboard, so that the
user could save it into a file:
An excellent idea... on the to-do list.

3.
In the merchant tools section it is very difficult to copy the HTML code
(since the cursor doesn't work in the edit-box). I think a button to copy
the code to the clipboard is required.
Good idea again... we will be integrating some kind of link to
Gold-Cart there soon as well.

4.
Have you thought at the "rebilling / payment request" idea discussed a few
weeks ago? (I know it is extremely complex.)
George, I am of the opinion that this should not really be a feature
of a DGC per se... rather it should be implemented by a third party
processor. Perhaps Open2exchange will work on something like this
sometime.

Patrick wrote:
> So I asked my wife what she thought about that whole PIK / combo
> box process. She understood it immediately, and instructed me to
> tell the list that if she can do it, anyone can.
Wonderful, that is our experience too.

> But certainly creating a new account is a horse of a different
> color, I'll admit.
The thing that seems to most confuse people is the e-mail
verification process... we are looking at ways to modify the process
so it is simple, and happens after the account has been created.

Thanks both of you for your comments.

Regards,

Sidd.

[e-gold-list] Re: e-mail, Pecunix login (was Gold-Cart Article...)

2003-11-21 Thread Sidd

Hi George,

Thanks for your comments/suggestions.

FileMatrix wrote:
Me either. Email is an insecure medium,
If the
currency operator informs the users about never including clickable URLs in
the emails they send, most users are protected. This would be a good feature
in Sidd's system, as he said Pecunix sends emails to users.
Good point.

Here is an example of how the signed emails could look like:

If you would like to verify that we (company X) are the sender of this
email, please copy (without the quotes) and paste the link between the
following qoutes in the address bar of your Internet browser:
"ww.checkingservice.com". Please make sure to add a "w" character before the
link.
Actually the last sentence is unnecessary, simply leave out the "ww."
completely.

For pecunix, ww.checkingservice.com should, of course, be
ww.pecunix.com/money.refined...ref.pgpsignature
Hence, the Pecunix link would be
"pecunix.com/money.refined...ref.pgpsignature"

Pecunix gives you 3 different access levels to your one account.

I guess there are 3 different passwords, one for each level, right?
Yes, sort of... see next e-mail in this thread.

By the way, on the "Downloads" page from Pecunix, there is a link to
http://winpt.org/. WinPT doesn't exist anymore.
Oops, thanks for the pointer... bug bounty in your Pecunix account.
they have moved to <http://winpt.sourceforge.net/en/>

And what's with
http://www.siddley.net/? It has no links, not even a contact email address?!
Heh, too many e-mails George! We are so busy we can't take on any
more work and it gets depressing always sending "sorry can't do"
e-mails to enquirers... The site is purely to inform the curious of
who we are and what we do.

Regards,

Sidd.

[e-gold-list] Re: Gold-Cart Article... & trusting e-gold/delayed payments

2003-11-20 Thread Sidd

Dear Robert,

> Garzoo, Inc. has launched a new shopping cart service that accepts
> multiple gold currencies.  Called "Gold-Cart", this shopping cart
> service currently allows merchants to accept payments from e-gold,
> GoldMoney, 1MDC, e-Bullion and Pecunix. <http://www.gold-cart.com>
Robert B.Z. wrote:
And the funny thing is that I said about 24 hours ago that something like
that was exactly what was needed - 
You did indeed, I had to work all night to create it for you :)

Would be great if it worked with evocash, but I guess that might be a bit
much to ask :o)
This caused us much contemplation... problem is, open2exchange is not 
really confident about performing exchanges in "unaccountable" 
currencies... sadly Evocash fits into that category.

Thanks Sidd.

You're welcome Robert.

> of course I suggested e-gold instead of Pecunix - but I will give
> this a try.
Thank you... There were many reasons why we chose Pecunix, besides 
the obvious. The security enhancements to e-gold (recent discussions 
about delayed payments and emails etc.) are all already successfully 
integrated into Pecunix, albeit in a more usable and effective way.

Danny suggested operating two different accounts... Pecunix gives you 
3 different access levels to your one account. The Full access gives 
you the ability to do everything, the limited access level has a 
daily spend limit (set under full access) and does not allow any 
modification to the account settings. The "read-only" access allows 
just that.

The Pecunix log in system is secure by default, and if a user only 
uses his limited or read-only access for general use, in the unlikely 
event that a scammer could harvest his login details, the victim 
would effectively be protected  from total loss and no delayed 
payment is required. Furthermore, the read-only access means you can 
give your bookkeeper access to the account records without giving 
access to the funds. Ideal for the Gold-cart type application.

Of course Pecunix also sends an (optional) e-mail every time a 
payment is made from an account or to an account, keeping the account 
holder informed about account movements. All these e-mails are PGP 
signed (and optionally encrypted) so account holders can ensure the 
e-mail is valid. They don't even need to have PGP or know how to use 
it, they simply visit 
<http://pecunix.com/money.refined...ref.pgpsignature> where they can 
verify the sig in a few seconds.

There are also numerous other advantages and features offered by 
Pecunix that made it an obvious choice for the Gold-Cart 
<http://gold-cart.com> target currency... "no storage fees" is just 
one of them that immediately comes to mind.

I hope you enjoy the benefits of Gold-Cart, your comments will be 
welcomed.

Regards,

Sidd.

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[e-gold-list] Re: IG by exchangers

2003-11-19 Thread Sidd

Viking Coder wrote:
>> MetalEscrow (now Open2Exchange) -> Pecunix
>
[EMAIL PROTECTED] wrote:
> that one was the other way around, though .. but yes, associated
> entities
That is quite correct JP.

Viking Coder wrote:
> [Sidd's response] Pecunix wasn't started under those circumstances.
Pecunix was conceived long before metal-escrow... check the domain 
registrations... in fact metal-escrow was mainly a research project 
to gain insider experience and knowledge in order to design Pecunix 
more effectively. Metal-Escrow was never big enough to reach that 
critical point Robert mentioned.

> However, I've never claimed to be quite sane either. In fact, quite
> the opposite.
You may be correct about the Goldfinger Coin & Bullion though I think 
they couldn't really be considered an "exchanger" in the sense Robert 
indicated, their main business has always been "Coin & Bullion". I 
hadn't considered coconutgold... Robert is correct there I guess.

Regards,

Sidd.



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[e-gold-list] IG by exchangers?

2003-11-19 Thread Sidd

Dear Robert,

Robert B.Z. wrote:
> Which is why so many exchangers are tempted to try their hand at
> issuing their own IG currency once they reach a certain size -
> which is why there is so many of IGs - which is why nobody uses
> them.
What a curious comment, which of the IG's was started by an exchanger 
under these circumstances?

Regards,

Sidd.

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[e-gold-list] Re: Finding serious e-gold investors...

2003-11-19 Thread Sidd

Dear Jim,

James M. Ray wrote:
According to the PGP
signed document, it was inspected in 2001, it's now 2003!
Huh? The document is here <http://Pecunix.info/gold_bars.htm> and
clearly states "AF2/ViaMat, Zurich has been sealed under Via Mat blue
seal number 0100601, affixed and sealed on 22nd July 2003". The
Certificate of deposit is dated 18th August 2003.

Heck, how can I trust Via Mat itself (or ANY bullion bank!)?
ViaMat is not a bullion bank, it is a secure storage facility. The
same comment could go for any storage facility James, even the e-gold
one. Reputation clearly is meaningful, as you stated in your previous
message.

James M. Ray wrote:
>>>I also think you discount the importance of personal reputation
>>>and integrity.
I think it might be possible to fool ME, even if I were flown to
the various vaults! I think it might also be possible to fool a
"real" auditor from a large, reputable firm. It might be easy,
in fact!
Yes, you may be right, but you need to establish an intent to fool
these entities. Clearly, by taking on reputable (see above)
independent third parties and storage facilities and being willing to
communicate, Pecunix shows the opposite intent.

No, you've elided the frustrating part. That had to do with your
yammering about how the TOTAL failure of Arthur Andersen etc...
No, you miss the point... 2 of the 3 independent parties who
scrutinise Pecunix are NOT accountants with large reputation (see
above) capital at stake.

Ok, so does e-gold currently have a trustee or not? Did the existing
trustee resign or not? Who is the current trustee?
Ask them! I see lots of rumors, but nothing from any actual
person, so I have my doubts about the various rumors.
I am asking, right now on the OFFICIAL e-gold list Jim.

e-gold is deadly-serious,
and has been since 1996. That's why it's Better Money.
Well Jim, that is your opinion, and certainly you have very good
reason to hold that opinion. I think JP May's message on this thread
clearly sums up my opinion, and possibly many others.

Enough of this, let's just agree to disagree.

Regards,

Sidd.

[e-gold-list] Re: Finding serious e-gold investors...

2003-11-18 Thread Sidd

Dear Jim,

James M. Ray wrote:
Can you prove to me that Via
Mat blue seal 0100601 is intact by alleging it on the internet?
No, not even ...
You can prove it yourself Jim... look up the escrow agent's phone
number and phone him... he will tell you. He personally inspected it.
If you like you can ask him to contact ViaMat and verify it right now.

I also think you discount the importance of personal reputation
and integrity.
No I don't. I have great respect for Doug, Jay and you. Remember I
merely said that I think Pecunix and Goldmoney are more serious about
doing things right. Obviously you disagree though your frustration
indicates this may be a sore point.

Pecunix has at least 2 other independent parties (who
aren't accountants) scrutinising the gold store. Each of these
Go read the user agreement, there are independent parties
involved in the e-gold system, too.
Ok, so does e-gold currently have a trustee or not? Did the existing
trustee resign or not? Who is the current trustee?

As for vague customer service allegations, see Frank's
comments.
Ok, I don't have access to the e-gold customer service records, I
talk from personal experience only. Five Months ago I changed
metal-escrow to open2exchange... I have sent 3 messages (with
attached image) at suitably polite intervals to e-gold customer
service and Randy, requesting my listing on the directory be updated.
I think I also sent you one message... to date I have not even had
the courtesy of a reply (except from you) and nothing has happened. I
am sure I am a very minor customer in the scheme of things, but heck,
I am still a customer.

The right of association is hardly weak if they
use it so often...
Yep, that's why I say it is weak. They use it so often and it appears
to be mostly ineffectual... hence the need to use it so often.

Many good suggestions have been made on this list about how it could
very simply be improved...

I am sorry to have caused you distress Jim, I simply offered my
opinion. I am an e-gold customer, and I earn some of my income
because e-gold is there. I would love to see e-gold get better,
because it would make life a lot easier. I truly wish there was an
e-gold representative who would listen and at least react, if not act.

Regards,

Sidd.

[e-gold-list] Re: Your perception is YOUR reality, again!

2003-11-18 Thread Sidd



Graham Kelly wrote:
In any case, real history has shown that there are fruadulent/crooked
admin in both gold based, and non gold based ecurrencies.
Yes, that is why it is imperative to have proof of the value 
underwriting the currency, and that the value is safe from either 
incompetent or dishonest operators.

It's simple isn't it?

Sidd.

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[e-gold-list] Re: Finding serious ecurrency investors...

2003-11-18 Thread Sidd

Hello Graham,

Graham Kelly wrote:
Sidd, I agree with you, but your argument doesn't even allow for non gold
backed ecurrencies, 
Sidd  wrote:
So let's re-word my original statement. IMO Pecunix and Goldmoney are 
 more serious because they have PROOF that they have the gold in a 
vault...
Ah, but the same holds true... if I was interested in non 
"gold-backed" currencies (which I am not), I would require to see 
proof of the value underwriting the currency before I could trust it. 
It's simple, either the value is proven to be there, or you have a 
potential OSGold.

Regards,

Sidd.



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[e-gold-list] Re: Finding serious e-gold investors...

2003-11-18 Thread Sidd

Danny makes a good point.

Danny Van den Berghe wrote:
> Well, I have to wonder about this trust when I look at the stats
> page. Of the 56 funded accounts, almost 50 have less than 
a > gram of gold in them (eq. to less than $12)

After Jim Ray and Robert babble on, pulling a red herring across the 
path about audits and trust, and completely ignoring the real issue.

Robert B.Z. wrote:
With over 1,000,000 accounts and the highest volume/turn-over in terms of
transactions, I believe the trust factor among users by far outweighs any
audits by now.
James M. Ray wrote:
> Now I say that I trust stats & examiner (and Jay & Doug) more
> than I trust any accounting firm.
So let's re-word my original statement. IMO Pecunix and Goldmoney are 
 more serious because they have PROOF that they have the gold in a 
vault. Furthermore the babble about accountants not being trustworthy 
is nonsense, Pecunix has at least 2 other independent parties (who 
aren't accountants) scrutinising the gold store. Each of these 
parties has substantial reputation capital at stake. I think 
Goldmoney also has at least one independent party who is not an 
accountant. The fact that e-gold can't provide proof of their gold 
store is not the fault of accountants, it is a shortcoming on 
e-gold's part.

Of course Jim also disregarded my other reasons for not considering 
e-gold as a serious currency, although he inadvertently confirmed one 
of them.

I said "Of course e-gold's lack of any official comment on these 
major points also gives the impression that they are not really 
serious about their business or reputation."

James M. Ray wrote:
> I don't speak for e-gold or make their decisions about how and
> where to spend money.
That's right, and nobody does! How can a business be considered 
serious if they have no official mouthpiece to answer valid concerns?

Then of course there is still the lax customer service and weak right 
of association policy to take into account...

Sidd.





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[e-gold-list] Re: Finding serious e-gold investors...

2003-11-17 Thread Sidd

Dear James,

James M. Ray wrote:
As you say, the e-gold type investor is frequently of the HYIP type.

I disagree. Many people who use e-gold (including investors
in such things as DBourse and other projects) eschew HYIP
scams.
True, a small percentage of e-gold users may eschew HYIP scams, but
if we compare the huge size difference between e-gold and the other
currencies I mentioned, it would appear that there is a much higher
percentage of "serious" investors in Pecunix, Goldmoney (and 1mdc).
This quote from <https://www.dbourse.com/faq/> seems pertinent:

"Which DGC system are people buying shares with?

At TGC, e-gold® is by far the most popular gold system. However,
Pecunix, GoldMoney, 1mdcGrams and e-gold have been equal in
popularity for funding DBourse accounts."

Serious investors probably lurk in the more serious currencies. Try
Pecunix or GoldMoney.
...

Exactly why are they "more serious"?
Thanks for asking... Patrick touched on one point, e-gold seem to
have a very lax attitude towards audits and governance, not to
mention the serious rumour that they currently have no trustee, which
IMO is a major concern. Of course e-gold's lack of any official
comment on these major points also gives the impression that they are
not really serious about their business or reputation.

Both Pecunix and GoldMoney also seem to take more seriously their
right of association. They appear to actively deter scams in a (so
far) more effective way than e-gold. Consequently they are not
plagued by the multitude of scams and HYIP.

In my experience e-gold also appear to lack in customer service,
whereas Pecunix and Goldmoney are very prompt and attentive. Size is
not an excuse for lax service, rather it is a reason for better
service. Any company that is not interested in looking after it's
customers (revenue) can't be considered a serious contender.

Of course this is all merely my opinion, and others opinions may
vary... I am sure other comments will be welcomed.

Regards,

Sidd.

[e-gold-list] Re: Finding serious e-gold investors...

2003-11-17 Thread Sidd

From: [EMAIL PROTECTED]
Our question is this: Where do we find legitimate e-gold
investors to get them interested in our deal? e-gold seems
to be the ideal system for automated dividend payments, and
we're quite sure that someone else has gone down this road
before.
You may be looking in the wrong place...

As you say, the e-gold type investor is frequently of the HYIP type. 
Serious investors probably lurk in the more serious currencies. Try 
Pecunix or GoldMoney.

<http://pvcse.com> has been used to raise some serious investment 
capital, all from Pecunix customers, and is rapidly growing as new 
offers prepare to be listed. PVCSE will soon accept currencies other 
than Pecunix as well for account funding.

 > A related question: Where can we advertise our site with
our banners? Virtually all of the e-gold related sites we
found that offer banner advertisements are HYIP related,
but again, we don't think this is the right market for us.
PVCSE has a banner advertising program...

Regards,

Sidd.

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[e-gold-list] DBourse is cooking!

2003-11-12 Thread Sidd

DBourse is showing as fair bit of activity today!

Latest price is 103.50 grams!

There are vast numbers of MCG shares available on <http://pvcse.com>.

If you wish to join in the exciting offer that TGC have made on
<http://dbourse.com> but don't wish to risk over $1300 worth of gold
per share, then MCG is the thing. Each MCG share is (exactly)
equivalent to 0.5% of a TGC share so you can get into the TGC offer
for as little as $7.00.

With the rising price of the TGC shares at the moment, MCG shares
look to be an excellent bet for the smaller players!

Sidd.



DBourse market activity:
Thu, 13 Nov 2003 00:58 +
From: [EMAIL PROTECTED]
To: [EMAIL PROTECTED]

Attn DBourse member: siddley
Regarding DBourse:TGC shares:
Message:


** One share (#284) has been sold at 103.50 grams


This email generated by the DBourse Trading Bot.

If you wish to not receive market activity alerts, please
email the DBourse service desk. By default all users who
have made one or more transactions receive market alerts.

SECURITY NOTICE: No email from DBourse will EVER include
a URL or styled or html text.  Beware of fake email scams.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

 DBOURSE Service Desk [EMAIL PROTECTED]

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -


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[e-gold-list] Re: Just when you thought it was safe...

2003-11-11 Thread Sidd

Dear Mike,

Mike Schneider wrote:
> What the world needs is a world-wide private-sector 24/7 stock-market 
> exchange which converts currency on-the-fly to e-gold and is not 
> enslaved to government edict or regulatory shenanigans.
> 
> Anyone out there trying to set one up?

Yep, see http://pvcse.com and watch this space for more to come very
soon.

Regards,

Sidd.

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[e-gold-list] Re: e-wine, e-land, e-gold, e-gyro, e-opinion

2003-11-10 Thread Sidd

Graham Kelly wrote:
However, wouldn't it be more appropriate to ask
> INTGold customers *their* opinion as well?
> 

No, they are as much in the dark as all the OSGold customers were...
Until it was too late!

Sidd.

>>
>>>However, of all these, I trust Gold.
>>
>>So, tell me, Craig, what is your view of INTGold?

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[e-gold-list] e-gold to e-bullion - FREE

2003-11-10 Thread Sidd

We are currently offering e-gold to e-bullion exchange at no charge
on the Open2exchange auto exchange.

This is a limited time offer so hurry over!






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[e-gold-list] Re: Free e-gold or Pecunix exchange!

2003-10-31 Thread Sidd

The offer for e-bullion is still running, but will end very soon...

Make your free swap from e-bullion to Pecunix or e-gold now before
it's too late!

<http://open2exchange.com/buy.sell...c2c>

Thanks all who participated in the GoldMoney swap offer, the free
swap is now closed and we are back to our normal (very reasonable)
rate of 1.5%

Sidd wrote:

> Open2exchange is accepting exchanges from GoldMoney or e-bullion to
> either e-gold or Pecunix at NO COMMISSION for a limited time.
> 
> In other words, you can do a straight swap, instantly...
> 
> <http://open2exchange.com/buy.sell...c2c>
> 
> Try it now, before the offer ends!

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[e-gold-list] Free e-gold or Pecunix exchange!

2003-10-30 Thread Sidd

Open2exchange is accepting exchanges from GoldMoney or e-bullion to
either e-gold or Pecunix at NO COMMISSION for a limited time.

In other words, you can do a straight swap, instantly...



Try it now, before the offer ends!



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[e-gold-list] Re: want trade e-silver +e-platinum for e-gold

2003-10-29 Thread Sidd

Hi Andi,

As always you can trade instantly between these e-metals(tm) at

<http://open2exchange.com/buy.sell...mtom>

Regards,

Sidd.
Open2exchange - Leaders in secure automated dgc exchange!

[EMAIL PROTECTED] wrote:
> e-silver 2046 grams
> e-platinum 9.7466 grams 
> to e-gold

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[e-gold-list] Re: TGC IPO Now Clear!

2003-10-26 Thread Sidd

Danny Van den Berghe wrote:
> It appears to me that TGC has done the only thing they could do to save this
> IPO, by taking away the oversupply of stocks that hung over the market.
> As I had pointed out, with 150 shares hanging over the market and sales
> apparently drying up in August, this stock could not go up and was likely to
> drop when people get inpatient.

This is utter nonsense... note that the Pecunix Venture Holdings
(PVH) initial offer took 2 YEARS to sell out... we are about to open
a second offer that we fully expect will take a year or so to sell out.

But I can still categorically state that the PVH offer was a TOTAL
SUCCESS! The share price is up +75% since the offer first started!

3 years later we still have a bunch of very happy investors, and PVH
has never even posted a dividend... although one is coming soon...

<http://pvcse.com/ex.change...04>

Regards,

Sidd.

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[e-gold-list] Re: TGC IPO Now Clear!

2003-10-24 Thread Sidd

Patrick Chkoreff wrote:
> The TGC IPO shares are now all sold.  The secondary market is wide open 
> now.
> 
> https://www.dbourse.com/guests/

With the lowest sell offers on dBourse now being 450 and 500 grams,
the OBVIOUS place to go if you still want to to get into TGC shares
is the PVCSE... 2995 microshares in TGC are still available there for
0.55 grams... that is an equivalent of 110 grams on dBourse!

<http://pvcse.com/ex.change...04>

Click the "Market Data" menu then view open trades...

The Microshares offer <http://microshares.com> gives you ownership of
smaller chunks of TCG shares and pays 95% of the dividend.

Sidd.

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[e-gold-list] Re: Do you trust asianagold.com?

2003-10-20 Thread Sidd

Asiana Gold is completely trustworthy in my experience.

Joel Bruce is a great guy.

Regards,

Sidd.

Tien Vo wrote:

> Hi,
>   Have you ever use asianagold.com to exchange egold
> to somethign else? How long will they execute your
> exchanege.
> 
>  Thank in advance.

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[e-gold-list] Re: Hero of the e-gold list

2003-10-03 Thread Sidd

Craig Spencer wrote:

> The e-gold list has a new hero: Patrick Chkoreff!  
> 
> For replying to the most egregious and ignorant economic and 
> monetary nonsense with patience that is truely superhuman.
> 

Hear hear! Give the man a tip!

http://fexl.2cw.org/

Sidd

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[e-gold-list] Re: PVCSE listings - http://pvcse.com

2003-10-01 Thread Sidd

Hello Arik,

Thanks for your comments.

Arik Schenkler wrote:
> What is PVCSE? do you have a web site?

Yes, http://pvcse.com... it is the Private Venture Capital Stock
Exchange.

>>We calculate that the costs of preparing the legal structures,
>>business plans, prospectus etc. and research on the viability of
>>the business would cost at least $5000.

Arik Schenkler wrote:
> It is custom that about 10% of funds is for expenses - so this sets
> a minimum for 50k.

Indeed, thanks for the confirmation, that is what we were working
on... our system is to charge an up front fee of 5-10k depending on
circumstances, and then approx. 5% of the listing value. Thus the
minimum moves to $100k or so... as I mentioned later in my message,
we are slightly cheaper than the 10% you quote, because we expect
minimums in the range of 150-200k.

> Sounds good. If they have an audited balance sheet - they need to
> present this as well.

Obviously, the success of the listing is entirely dependent on how
well the lister can convince potential investors of the value/merit
of their shares. Every bit of extra information is helpful.

FYI there are further PVCSE discussions taking place on the
[EMAIL PROTECTED] list.

Regards,

Sidd.

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[e-gold-list] PVCSE listings

2003-09-30 Thread Sidd

We have had numerous requests from businesses requesting details on
the rules of listing on PVCSE.

The predominant feature of these requests is that they are all very
small and we are looking for feedback from you about what you all
think. For example, one request was for a listing that would raise
$20,000, another for $15,000 and others for less than that. There
have however been a few that seek upwards of $250,000.

We calculate that the costs of preparing the legal structures,
business plans, prospectus etc. and research on the viability of the
business would cost at least $5000. Obviously, the businesses wishing
to raise tiny capital amounts find a setup/listing fee of $5000 to be
exorbitant and thus PVCSE appears to be impractical for their purposes.

Obviously the returns from such tiny businesses would be limited,
thus leaving us wondering what might attract investors to such a
small issue.

So the questions are; would people be keen to invest in such tiny
share offers? What kind of due diligence, documentation would
investors be looking for? Do you think it would be practical for
PVCSE to facilitate such tiny releases?

As a guideline, we at PVCSE are currently recommending that
businesses that wish to raise an absolute minimum of $150-200K would
probably be viable if they can produce an adequate business plan and
prospectus that can demonstrate reasonable risk and returns for
investors...

All comments will be welcomed.

Regards,

Sidd.





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[e-gold-list] Re: physical tokens

2003-09-30 Thread Sidd

[EMAIL PROTECTED] wrote:
> For physical real money solutions, there is always the American Liberty
> Dollar ( http://www.norfed.org )  While lacking the 1:1 ratio between

FWIW you misunderstood my reference to physical tokens. I was not
referring to physical "money", but a physical token for
authentication of transactions e.g. cryptocard, iKey, ATM card, smart
card etc.

Regards,

Sidd.

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[e-gold-list] Re: physical tokens

2003-09-29 Thread Sidd

James M. Ray wrote:

> [EMAIL PROTECTED] wrote:
>>Do you mean physical tokens?

James M. Ray wrote:
> Yes, he does. For most users, their computer is the *problem*,
> although telling them the truth about this isn't very much fun!
> JMR

Thanks Jim, you got there before me...

Regards,

Sidd.

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[e-gold-list] Re: The sky is crowded?

2003-09-29 Thread Sidd

Dear Jim:

>>Not really, the kiosk could easily become a "password
>>harvester"...
> 

Jim Davidson wrote:
> About as easily as any web site.

Not really Jim; I access the e-gold site from my personal computer
that I keep secure... accessing the e-gold web site from an untrusted
kiosk that could be loaded with all kinds of nasty loggers is a
different thing altogether...

>>e-gold needs some kind of token system before this
>>can be practical

Jim Davidson wrote:
> Sounds like a business plan.

:)

Regards,

Sidd.

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[e-gold-list] Re: The sky is crowded?

2003-09-29 Thread Sidd

[EMAIL PROTECTED] wrote:

>> "It would seem that any vending machine could have the same
>> capability. Then the kiosk could connect to the secure SCI page at
>> e-gold.com and tell me
>> 'You have requested to pay $0.75 of gold to' some e-gold account.
>> I put in my account number, SRK the password, and type in the
>> Turing number (Alan would be *so* proud) and out pops a soda."

Not really, the kiosk could easily become a "password harvester"...
e-gold needs some kind of token system before this can be practical

Sidd.

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[e-gold-list] Re: INTGold - Why let the facts get in the way

2003-09-05 Thread Sidd

I must add that in the past Jim Ray (the owner of this list) has
repeatedly stated that other currencies are welcome to participate in
discussions on this list and are on topic.

As the CEO of Pecunix, I have always found Jim to be entirely fair
and accepting of discussions relating to and involving Pecunix and
other gold currencies... even though Pecunix is much better than
e-gold ;-)

It would be excellent if an INTGold representative would participate
on this list. If anyone has contact with them, please feel free to
forward this message to them and encourage them to join us.

Regards,

Sidd.




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[e-gold-list] Re: INTGold - Why let the facts get in the way of a good story?

2003-09-05 Thread Sidd

I wholeheartedly concur with Jim Davidson on this issue.

BEWARE, Graham Kelly continually proves (see list archives) he has no
concept of what constitutes a legitimate, secure or trustworthy
currency. To accept his opinion on issues such as this is very
dangerous.

Jim Davidson wrote:
> INTGold hasn't provided proof of backing.  INTGold has
> faxed some pages indicating that someone, at some point,
> bought some gold.  So what?  How is that proof of backing?
> 
> How do we know the gold was ever actually bought?
> 
> What due diligence was performed to trace the gold sales to
> an actual seller?
> 
> How do we know that gold is still in the possession of INTGold?
> 
> How do we know that gold isn't encumbered by some other lien?
> 
> How do we know that amount of gold is equal to the amount of
> INTgold in circulation?

Until all these questions are answered by a trusted third party
source and all this information is available to the INTGold users,
INTGold must be considered as unsafe and a possible scam.

Graham Kelly wrote:
>>As far as INTGold is concerned, GoldNow is succesfully completing many
>>INTGold sales, exchanges & redemptions daily. Why not try it and 
>>see...?

As they did with OSGold. I say again, beware, Graham also actively
promoted OSGold on this and other lists...

Graham Kelly wrote:
>> the OSGold fiasco was a serious learning
>>opportunity. We learnt manifold lessons...

Under the present circumstances, it does not appear that this is true.

Sidd.

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[e-gold-list] Re: Unknown e-gold amount

2003-08-14 Thread Sidd

+0.002227 troy ounces...

x 31.1036768 = 0.069267 grams

http://dgcsc.org/goldprices.htm

11.3425USD/gram

looks like you have USD 0.79 (79 cents)

Ragnar wrote:

> Friends, 
> 
> Can anyone tell me how many dollars this is?
> 
> Payment Received 21542059 Gold +0.002227 952107 1,333.00 ITL
> 598,639.46ITL 
> 

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[e-gold-list] Sidd is gone!

2003-08-01 Thread Sidd

Dear list,

I am out of the office for a week as I visit sunnier climes, doing
both business and pleasure...

I will not be monitoring these lists while I am away.

Regards,

Sidd.


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[e-gold-list] e-bullion to e-gold SPECIAL!

2003-07-30 Thread Sidd

We are still paying you 1% MORE e-gold for your e-bullion!

   

   Exchanges are INSTANT!

 Give it a try now

You will be RICHER by 1% after you have made the exchange.

  
  




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[e-gold-list] open2exchange e-bullion special!

2003-07-25 Thread Sidd

The auto exchange is currently paying you


  1% MORE e-gold for your e-bullion



(exchange $100 e-bullion to e-gold and get $101 worth of e-gold)

Only for this weekend.

http://open2exchange.com/buy.sell...c2c




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[e-gold-list] Re: Gold Currency Cryptography Part II

2003-07-22 Thread Sidd

James M. Ray wrote:

> At 10:27 AM +1200 7/22/03, Sidd wrote:
> ...
>> Some of you will remember that I was
>>the first person ever (back in 1998) to automate e-gold spends.

>
> ...
> I think you did "CharityChase" in '99, but I came along in
> very-late '98. Do you know your earliest account number?

I think you are right Jim, sorry about the slip up. It probably was
1999 (how time flies).

My oldest working e-gold account number is 108164, but unfortunately
I have lost the login details for my earlier accounts. I had one
account that I opened possibly a year before that and never funded,
and a few more after that. I really wish I could recover them. If I
gave you a few e-mail addresses to look up could you possibly find
those accounts?

Regards,

Sidd.

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[e-gold-list] Gold Currency Cryptography Part II

2003-07-21 Thread Sidd

The Gold Economy wrote:

> Part II of the article rating digital currencies on their payment
interfaces
> is now posted on The Gold Economy:
>
> http://www.goldeconomy.com/ct/t.php?l=12
>

Hello Ken,

Thanks for an excellent summary of the different systems and features...

As the pioneer of automation in the gold currencies,and as the
designer of the Pecunix system, I have a few comments.

 Some of you will remember that I was
the first person ever (back in 1998) to automate e-gold spends. There
was no e-gold automation interface, I designed a clever script that
actually "spoofed" the e-gold forms and logged in to complete the
spends as if it were a person. I remember Jim Ray telling me it
"could" not be done  and Jay telling me it "should" not be done :).
Soon after I did it, JP may did it for thegoldcasino.com. Once
automation was a reality the e-gold system started to grow... 

Your assessment of the e-gold and GoldMoney systems seems accurate,
but there are a few places I disagree on the e-bullion and Pecunix
assessments.

First, e-bullion:
You mention "The e-Bullion Automated Transaction Interface Program
(ATIP) uses PGP/GPG keys to allow users to authenticate themselves to
the e-Bullion system"

This is unfortunately not true. The e-bullion system is absolutely
NOT compatible with PGP as it is currently implemented. The keys
generated by the e-bullion system are not PGP compatible.

Furthermore, you mention the fact that e-bullion generates the keys
as an "imperfection". This is a massive understatement! The fact that
the e-bullion system generates the keys goes against everything that
 public key cryptography stands for. It reveals a lack of
understanding by the designers of the system and leaves the e-bullion
system open to insider attacks. There are many other clues in the way
the e-bullion GPG is implemented that illustrate that the designers
of the system didn't really know what they were doing.

You also make mention of the e-bullion documentation. I disagree with
your assessment. The e-bullion documentation is poorly presented and
until I implemented the e-bullion interface a few weeks ago,
contained errors. Compare the Pecunix documentation at
http://pecunix.com/money.refined...ref.developer and the merchant
tools in the full access level of your Pecunix account.

One MAJOR shortcoming in the e-bullion merchant interface (not
manifested in any of the other currencies) is that there is no way to
 ensure verification of a "shopping cart" payment. If the user does
not click through to the merchant site after completing the e-bullion
payment, the merchant system is never notified of the payment. All
the other systems use a "status_url" system that notifies the
merchant system as soon as the payment is completed, no matter what
the customer does.

Pecunix:
You mention "The User has a passphrase as well as two
"Private Identification Keys" (PIK)..."

There are actually 3. One gives full access to the account, the
second gives limited access, allowing payments up to a daily payment
limit (set under full access) and no changes to the account details,
and the third level gives read only access to the account. This could
be useful for a bookkeeper or auditor to have access to account
records etc.

Pecunix is fully compatible with PGP *and* GPG :)

The Pecunix "shopping cart" interface is the only one that implements
an "input hash". This means that the merchant can ensure that the
exact amount required is submitted for payment to his account. All
the other systems require that the merchant check the amount received
is correct, or an attacker could easily submit a payment that
verifies correctly but is not the correct amount.

Again, thanks for the excellent assessment.

Sidd.

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[e-gold-list] Gold Currency Cryptography Part II (re-send)

2003-07-21 Thread Sidd

The Gold Economy wrote:

> Part II of the article rating digital currencies on their payment
> interfaces is now posted on The Gold Economy:
>
> http://www.goldeconomy.com/ct/t.php?l=12
>

Hello Ken,

Thanks for an excellent summary of the different systems and features...

As the pioneer of automation in the gold currencies,and as the
designer of the Pecunix system, I have a few comments.

 Some of you will remember that I was
the first person ever (back in 1998) to automate e-gold spends. There
was no e-gold automation interface, I designed a clever script that
actually "spoofed" the e-gold forms and logged in to complete the
spends as if it were a person. I remember Jim Ray telling me it
"could" not be done  and Jay telling me it "should" not be done .
Soon after I did it, JP may did it for thegoldcasino.com. Once
automation was a reality the e-gold system started to grow... 

Your assessment of the e-gold and GoldMoney systems seems accurate,
but there are a few places I disagree on the e-bullion and Pecunix
assessments.

First, e-bullion:
You mention "The e-Bullion Automated Transaction Interface Program
(ATIP) uses PGP/GPG keys to allow users to authenticate themselves to
the e-Bullion system"

This is unfortunately not true. The e-bullion system is absolutely
NOT compatible with PGP as it is currently implemented. The keys
generated by the e-bullion system are not PGP compatible.

Furthermore, you mention the fact that e-bullion generates the keys
as an "imperfection". This is a massive understatement! The fact that
the e-bullion system generates the keys goes against everything that
 public key cryptography stands for. It reveals a lack of
understanding by the designers of the system and leaves the e-bullion
system open to insider attacks. There are many other clues in the way
the e-bullion GPG is implemented that illustrate that the designers
of the system didn't really know what they were doing.

You also make mention of the e-bullion documentation. I disagree with
your assessment. The e-bullion documentation is poorly presented and
until I implemented the e-bullion interface a few weeks ago,
contained errors. Compare the Pecunix documentation at
http://pecunix.com/money.refined...ref.developer and the merchant
tools in the full access level of your Pecunix account.

One MAJOR shortcoming in the e-bullion merchant interface (not
manifested in any of the other currencies) is that there is no way to
 ensure verification of a "shopping cart" payment. If the user does
not click through to the merchant site after completing the e-bullion
payment, the merchant system is never notified of the payment. All
the other systems use a "status_url" system that notifies the
merchant system as soon as the payment is completed, no matter what
the customer does.

Pecunix:
You mention "The User has a passphrase as well as two
"Private Identification Keys" (PIK)..."

There are actually 3. One gives full access to the account, the
second gives limited access, allowing payments up to a daily payment
limit (set under full access) and no changes to the account details,
and the third level gives read only access to the account. This could
be useful for a bookkeeper or auditor to have access to account
records etc.

Pecunix is fully compatible with PGP *and* GPG

The Pecunix "shopping cart" interface is the only one that implements
an "input hash". This means that the merchant can ensure that the
exact amount required is submitted for payment to his account. All
the other systems require that the merchant check the amount received
is correct, or an attacker could easily submit a payment that
verifies correctly but is not the correct amount.

Again, thanks for the excellent assessment.

Sidd.

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[e-gold-list] What's up?

2003-07-21 Thread Sidd

Is the e-gold list broken?

There is very little traffic and messages I sent this morning have
returned DNS errors. Robert seems to be getting through though.

Sidd.



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[e-gold-list] Re: [dgc.chat] Auto open2exchange supports e-bullion!

2003-07-15 Thread Sidd

Hello Patrick, thanks for your comments!

Patrick Chkoreff wrote:

> Excellent!  I just exchanged 10 grams of Pecunix for some e-bullion
> and it
> worked great.

> I have one slight issue though.  I noticed that both the Pecunix and
> the Open2Exchange emails are encrypted in a "two-layer" style.  First,
> the cleartext message is signed.  Second, the signed message is itself
> encrypted.  

True, it is like that at the moment... you see we sign all messages
by default, then encrypt the ones that request encryption after
that... I am looking at improving on that soon.

> That is OK, I don't have a problem pressing a button twice, but I
> notice that on both of those emails the signature validation is coming up
> "bad."...

> ...So Sidd, are you getting any other reports of bad signature
> validations?

Actually, no Patrick... perhaps other people don't check? I
personally think it is an issue of the mail clients you are using, or
perhaps the plugin.

Try this, copy the encrypted message to the clipboard and then
decrypt the message there using the PGP tray utility to decrypt the
clipboard... after the first decryption, you will see the signed
message... click "copy to clipboard" then use the tray utility on
that again to verify the sig...

If this all works fine then you need to see why your e-mail client is
corrupting the message... e-mail clients are nasty these days, they
add all sorts of formatting to the text to make it nicer for you to
read, but of course they break the sig.

If you are ever in doubt about a sig, view the source of the e-mail
in a plain text editor (like notepad in windows) and decrypt/verify
that...

Let us know what you find, all e-mail verifies fine on my 4 different
OS's with different software, but I must admit the only client where
the plugin works effectively is in outlook express.

Cheers,

Sidd.

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[e-gold-list] Auto open2exchange supports e-bullion!

2003-07-15 Thread Sidd

-BEGIN PGP SIGNED MESSAGE-
Hash: SHA1


The world famous, *automatic* gold currency exchange at Open2Exchange
now supports:

   e-bullion e-bullion e-bullion e-bullion e-bullion e-bullion

Along with:

   Pecunix e-gold Pecunix Goldmoney Pecunix e-bullion Pecunix


http://open2exchange.com/buy.sell...c2c

Enjoy,

Sidd.



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[e-gold-list] Re: Buying / Selling e-gold? Exchange Provider DailyRates.

2003-07-07 Thread Sidd

Excellent Mark, well done!

Sidd.

Mark wrote:

> Buying or Selling e-gold?  Get the best possible rates on your exchanges.
> 
> Daily Rates on 40+ popular exchange providers.
> 
> http://www.gold-pages.net/E-gold_egold_Daily_Exchange_Rates.htm
> 

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[e-gold-list] Re: A tale of Exchangers, Merchants and Markets

2003-06-28 Thread Sidd

-BEGIN PGP SIGNED MESSAGE-
Hash: SHA1

:
: Sidd wrote: "As far as I can see, "e-gold spot" is some arbitrary
figure
: that e-gold periodically simply "choose", based (perhaps) on the
movement of
: the international markets"
:
: Am I in the dark here??? Have I completely misunderstood things?
The egold
: "spot" is the forex spot for whatever currency you use to buy/sell
GOLD! How
: can you say it's an "arbitrary figure"?
:

George,

What is a "forex spot for whatever currency you use to buy/sell
GOLD"?

Are you talking about the latest published bid price on the
international markets quoted in your chosen currency?

If so, whose published info will you believe?

http://kitco.com USD 344.90
http://www.thebulliondesk.com/default.asp USD 344.90
http://money.cnn.com/markets/commodities.html 345.50
http://www.goldcentral.com/ USD 345.50,
http://www.e-gold.com/currentexchange.html USD 345.20

Like I said, e-gold spot is simply an arbitrary figure that e-gold
have chosen at the time, that is somewhat similar to the published
market rate. Note the market rate is changing constantly, so unless
e-gold has a live feed from all the markets, at best they will have
an approximation of current market bid.

The whole point being, that if "spot" is the current market bid rate,
and e-gold is "gold itself", then it must have the value of gold and
should sell at the market bit rate... it is not possible to "straddle
spot", spot bid is the bottom figure in the "straddle".

Sidd.


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[e-gold-list] Re: [e-gold-list]Spot price (was recent discussions)

2003-06-27 Thread Sidd


-BEGIN PGP SIGNED MESSAGE-
Hash: SHA1

This spot price discussion is important:

E-gold wish to give their customers the perception that they have
real gold in their accounts (gold itself, circulated electronically),
but then Omnipay tell you they are not willing to honour that fact,
and offer to buy it back from you at less than what they themselves
have told you it is worth!

Robert says we should buy gold currency at spot, but only be able to
sell it at spot -4% (or so), but this means that the currency is no
longer worth the spot value, it is worth spot -4%... there is no way
to look past this, the value of a thing is set by it's buying power,
as John explained. IOW the price paid by the exchange-of-last-resort
(in e-gold's case Omnipay) sets the value of the currency, not the
published spot price... In e-gold's case, the spot price published by
e-gold is a lie, because they do not honour that value.

What I see is a gross misunderstanding here (where's JP May when you
need him?). Some time ago JP had a rant on this list about spot
prices... in short, he insisted there is no "spot price"... so what
is spot price?

We have markets, where people buy and sell gold... they offer to buy
at a certain price (bid) and offer to sell at another (usually
higher) price (ask). So again, where's the "spot" price? As far as I
can see, "e-gold spot" is some arbitrary figure that e-gold
periodically simply "choose", based (perhaps) on the movement of the
international markets. It really has no meaning whatsoever except
that users of the e-gold system "agree" to accept this "spot" as the
value of the e-gold when they trade.

Obviously to set a value on the e-gold currency like this, then not
to honour that value simply does not make sense, and is misleading...
this whole fiasco really illustrates the confusion at e-gold on some
things (note: they also list the gold stored in the e-gold gold xxx
trust as an asset of e-gold :-)).

In short is seems e-gold arbitrarily choose a value for e-gold, then
their own exchanger dishonours that price. It would be far more
sensible (and honest) to simply set their spot price at 2% lower, and
buy back for spot and charge the spread above that spot price.

Goldmoney, do an equally silly thing... they use the rates from
Kitco.com... Kitco publish a bid and an ask price
(http://dgcsc.org/goldprices.htm) and goldmoney use the bid price as
the "spot" price in their system... Note that the bid price is the
"buy" price, that is the price that kitco will pay for gold, so it is
correct to value your goldmoney at this level. BUT then when you try
to sell your Goldmoney, they offer you 2% BELOW BID! How silly is
that?

The whole point is that SPOT IS AN ARBITRARY FIGURE, so to treat it
as if it were some finite "ordained" value and then to base your buy
and sell either side of that because "that's how everyone does it" is
just silly. That is NOT how everyone does it, they have a bid and an
ask rate, and at any time, the bid rate is the likely rate you will
settle at if you sell... that is the true value of the currency and
is what should be reflected in the account value.

Note Pecunix bases it's price on the bid and it appears that
e-bullion also understand this (I wonder why... experience?). Thus we
at open2exchange still buy all Pecunix and e-bullion at the quoted
Pecunix/e-bullion price, as do e-bullion's in house exchange.

In order to help reduce the barriers to entry, Pecunix subsidises the
exchangers for all larger purchases and they get their Pecunix at the
Pecunix published price (spot). That is why you can still sell your
Pecunix at spot and buy it for less than 3% above "spot".
Ultimately I hope all will see the non-sense in doing things the way
e-gold/goldmoney does, and we will again have sanity...

Sidd.

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[e-gold-list] Re: stock market confusion

2003-06-25 Thread Sidd


-BEGIN PGP SIGNED MESSAGE-
Hash: SHA1

From: "Danny Van den Berghe" <[EMAIL PROTECTED]>
: You miss my point. It is nothing to do with absence of regulation
here.
: Now, TGC is on record that the 400 shares they issue have right to
vote.
: OK.
: What does that mean?

Danny, clearly you have misunderstood the voting rights attached to
shares. The fact that these shares have voting rights does not mean
that you can "practically" vote if you have one of these shares.

Generally, you get votes "pro rata" the number of shares you own. For
example, if you own 51% of the shares, you effectively control the
company and can "out vote" any other shareholder. Likewise if there
are 3 shareholders each with 33% shares, it would require 2
shareholders to agree in order to carry the vote.

Now look at the TGC offer... The shares on offer are less than 10% of
the total shares. Even if you owned them all, your vote would be
insignificant. Imagine how much less your vote is worth if you only
own a few of these shares! IOW, it is pointless discussing how and
when you will be able to vote, and that you need information on which
to base your vote... your vote is insignificant.

That is not to say that the voting rights on the shares are
worthless. Ultimately, all 4000 shares may be sold, and investors
will be able to acquire enough shares to actually have a real say in
the management of TGC. In the meantime though, your discussion is
pointless.

Regards,

Sidd.

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[e-gold-list] Metal-Escrow Announcement

2003-06-25 Thread Sidd


-BEGIN PGP SIGNED MESSAGE-
Hash: SHA1

Metal-Escrow has made a name change... henceforward we will be known
as

http://Open2Exchange.com

This decision was made because the directors considered the name
Metal-Escrow was not appropriate for the business we were performing,
and will be used more appropriately soon as an online "gold" escrow
service.

Open2exchange is still the same business and the same people, but
encompasses a few major enhancements:

Support for e-bullion (soon to be automated)
Fully Integrated PGP support for absolute privacy
Integrated affiliates program

And still we offer the old favourites:
Automatic "instant" currency to currency exchange
Automatic "instant" metal to metal exchange

Since 2000 Metal-Escrow has offered outstanding service to the
members of the gold economy...

as Open2Exchange we continue this tradition as we enhance the
service, privacy and security we offer our customers.


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[e-gold-list] Bamdex -was "free storage"

2003-06-23 Thread Sidd


 -BEGIN PGP SIGNED MESSAGE-
Hash: SHA1

John wrote:
: Someone could set up a futures exchange using e-gold. People could
loan
: $1000 of e-gold out to the shorts, who would take possession for
let's say a
: 1 month contract, then at the end of the month the shorts pay back
the
: e-gold. If the price is up, they lose, if it is down, they win.
This could
: be automated with software to automatically match buyer/sellers of
: contracts, and a central authority would be established, the
clearing house,
: that would hold the gold to ensure performance of the contract,
including
: holding the funds for margin calls.

John, this has already been done, JP built bamdex.com... nobody used
it so he had to close it down :-(

Sidd

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[e-gold-list] Re: gold ETF and GDC

2003-06-23 Thread Sidd


-BEGIN PGP SIGNED MESSAGE-
Hash: SHA1

- - Original Message - 
From: "Danny Van den Berghe" <[EMAIL PROTECTED]>

: For me as an e-gold user it doesn't matter what it costs e-gold to
store the
: gold, what matters to me is how much I have to pay for the storage,
which
: 1.2% annually.
: Compounded over a couple of years this becomes quite significant,
as I have
: calculated in the other message.
: 
: A DGC which would use this gold ETF as backing, would be able to
offer much
: lower fees.

Danny,

Pecunix charges ZERO storage fees, as does 1MDC... you can't go lower
than that!

Sidd.

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[e-gold-list] Re: Metal-Escrow and Stephen Stowell

2003-06-22 Thread Sidd


-BEGIN PGP SIGNED MESSAGE-
Hash: SHA1

Ian,

: We have just received notification from PayPal that the person
claiming to
: be Stephen Stowell has attempted to open a PayPal account using our
: [EMAIL PROTECTED] address.

This may be so, but as I have repeatedly told you, Stephen Stowell
has NOTHING to do with this. I could just as easily attempt to go and
open a paypal account and give my name as "Ian from Privagold"... 

: I have just hung up the phone with PayPal Fraud Dept. they have
informed me
: that this person may be trying to utilize a 3rd party email service
to gain
: access to this account.

Of course, this is obvious, I constantly get notifications that
someone is trying to transfer my domain names, open accounts etc... I
simply ignore them.
 
: We do not have a PayPal account nor will we ever.
: Sidd - You had mentioned that you thought this might be an unhappy
client of
: yours and if so I think now would be a great time to share this
information.

This is not an unhappy client of ours, I already told you what it
is... it is a thief who tried to steal money from a bank account in
Australia and buy e-gold from us... we contacted the bank and
returned the $15000 to it's rightful owner... this thief is now
angry. The police have all the details and we are giving them all the
info we can get, but of course these thieves hide behind public proxy
IPs and similar tricks, so it is very difficult to find them,
especially for the largely incompetent police.

: At this point the only names I have is Stephen Stowell and that
person works
: for you so any "new" light you can shed would be great.

Once again, Stephen Stowell has NOTHING to do with this, in fact he
does not even know about this! The thief has taken his name from the
domain records and is using it.

: In addition this person has cancelled a payment the payment that
they tried
: to send us via your systems at metal-escrow and it seems to me that
you
: should be able to access this information and let us all know who
this
: person is.

My goodness Ian, you are naive, and you seem unable to read very
well! The Payment that was cancelled was a PAYPAL PAYMENT! It has
NOTHING to do with me or my systems, I also got that cancellation.
ALL metal-escrow exchange services are non-repudiable obviously,
because we only implement the automation interfaces of non repudiable
currencies, so they CAN'T BE CANCELLED.

I can access all the information about any exchange made through
metal-escrow... but you already have the info of this person. His
name is unknown, he uses Stephen Stowell's name in place of his own,
he uses the e-mail address of [EMAIL PROTECTED] (we have
sent them an e-mail requesting they close that account) and the IP
address he used for the exchange was 198.104.131.196. He made the
exchange from e-gold account 311166 to your Pecunix account
[EMAIL PROTECTED] and the payment has NOT been reversed, you
still have it.

So now you have all the info, please tell us who this person is. It
seems like you may know this person, because they are obviously
intent on involving you in this, and why would they send you a real
gold payment? Tell us what you know please.

Sidd.
PGP Key: http://metal-escrow.com/pgp_key.cfm

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[e-gold-list] Re: gold ETF and GDC

2003-06-22 Thread Sidd


-BEGIN PGP SIGNED MESSAGE-
Hash: SHA1

- - Original Message - 
From: "Danny Van den Berghe" <[EMAIL PROTECTED]>

: I don't mean the ETF will replace the paper currencies.
: But somebody can build a DGC with the gold ETF as a backing, and
thus avoid
: the storage costs that normally come with setting up a gold backed
currency.

Hello Danny,

I think that many people are under the misapprehension that the
storage component in a digital currency system is a significant cost.
This is simply not the case. The storage costs are miniscule in
comparison to other normal operating costs. For example, e-gold
currently store 1,702,593.19 grams of gold... the value of this is
approximately 19.5 million dollars... storage runs at about 0.5% per
annum on stored value (much better rates are available by
negotiation)... thus the total storage costs for e-gold for a year
are approximately $100,000 (max).

To put this into perspective, e-gold stats page shows 40,000 spend's
in the past 24 hours... multiply by 365 days to annualise this and we
get 14.6 million spends... The total storage cost per spend works out
at $0.007 per spend! IOW the cost of storage is entirely
insignificant!

This is why it is ridiculous (as some have done) to claim that a
system that does not charge storage fees (such as Pecunix) has no
gold. Obviously, the spend fees can be easily modified to take into
account the storage, without the customer even noticing the
difference...

If you are looking for ways to make IG more economical, the storage
component is not the place to look... Security and good governance at
dramatically more expensive, and they are the essential part of the
equation IMO. The ETF raises some serious questions in this regard.

Sidd.

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-END PGP SIGNATURE-


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[e-gold-list] Re: Metal-Escrow

2003-06-21 Thread Sidd

: On Friday, June 20, 2003, at 06:10 PM, PrivaGold wrote:
: > Just curious if anyone knows anything about Metal-Escrow.com?
:
: Patrick Wrote:
: I know that their automated currency exchange ROCKS!
:
: http://metal-escrow.com/c_c.cfm
: You can swap between Pecunix, Goldmoney, and E-gold.
:
: They also have a metal to metal exchange:
: http://metal-escrow.com/m_m.cfm
:
: This lets you swap between e-gold, e-silver, e-platinum, and
: e-palladium.
:

Yes, thanks Patrick, they do ROCK! Metal-Escrow has the longest running auto
exchange on the internet (although it was not the first one). It is THE
FAST,RELIABLE, ECONOMICAL AND SECURE WAY TO INTERCHANGE CURRENCIES. We are
currently working to add e-bullion to the currencies on offer, and soon
after that 1mdc.

Metal-Escrow is also about to re-launch with integrated PGP security
(another world first)... and other enhancements. We are currently also
planning another major innovation to the IG exchange paradigm. This will be
finalised after our feasibility studies are completed in a few weeks, and
could become reality before the end of the year.

The recent dbourse discussions have been interesting... as you may know,
Pecunix was funded through the Private Venture Capital Stock Exchange
http://pvcse.com beginning over 2 years ago. It was in fact exactly what The
Gold Casino are doing now on dbourse, the only difference being that there
was no web trading floor, the trades were done manually.

Pecunix has been planning a second round of share sales to raise capital for
marketing and business development. This is to be done through an online
trading floor such as dbourse. Perhaps we will approach dbourse and ask them
to list Pecunix ...

The PVCSE platform will also allow funding directly from your Pecunix
account...

Regards,

Sidd.


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[e-gold-list] Re: Metal-escrow

2003-06-21 Thread Sidd

- Original Message - 
From: "PrivaGold" <[EMAIL PROTECTED]>


: Well another message received - Sidd, thought you might want to see this.
: Has anyone else received emails like this?
:
: ***
: Dear [EMAIL PROTECTED],
:
: You've got cash!
:
: Stephen Stowell just sent you money with PayPal.
:
: --
: Payment Details
: --


Yes, we also received this, even though we don't have a paypal account... if
you received this message, and do use paypal, I would suggest you contact
paypal and refuse the payment (if any). There is no doubt that the money for
the payment comes from stolen credit cards and if you accept the payment you
will find your account frozen soon. The moral is "Don't Use PayPal!"

It astounds me how much time these idiot thieves and scammers waste trying
to upset the business of the various exchangers they attack! It shows how
very stupid they actually are.

We stopped this thief from completing a fraudulent transaction and now he
wastes immense amounts of his time with this nonsense... Obviously he is too
stupid to realise that all the time he spends on this ridiculous attack is
time he could be setting up other scams and stealing money... our business
is not really affected by this nonsense, and we will certainly not stop
preventing theft if we see it, so what can the thief possibly gain from this
attack?

I guess we should all be glad he is so stupid, as long as he is wasting his
time on us, he can't be stealing from the rest of you... Metal-Escrow is
happy to provide this service to the gold economy :-)

Regards,

Sidd.




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[e-gold-list] Re: Metal-escrow

2003-06-21 Thread Sidd

- Original Message - 
From: "PrivaGold" <[EMAIL PROTECTED]>


: OK Now it is getting interesting.
: I just received 3 different emails.
: 1 supposedly from Metal-Escrow and the others supposedly from Pecunix.

Looking at the headers of the e-mails you posted, it is clear that the
messages did come from metal-escrow and pecunix... note that they originated
on the siddley.net network.

If you take the time to read the e-mail, you will see that the messages
tells you that you have received a pecunix payment... check your pecunix
account and you will see the payment there...

The payment was made through the metal-escrow auto exchange and came from EG
account 311166... I am sure that e-gold will be taking a look at that
account soon, since this person is violating the e-gold antispam rule.

So yes, you did receive those e-mails from our network, but you have
actually been paid to receive them... it is unlikely that the criminal will
continue to pay to send you e-mail, and if he does... well perhaps you will
get rich...

OR, here is an interesting fact:

The initiating IP address for the exchange in question was 198.104.131.196,
and the privagold IP address is 161.58.223.246. These are both on the Verio
network... is this merely a coincidence? Network Whois records below.

Sidd.


Network Whois record
Querying whois.arin.net with "198.104.131.196"...

OrgName:Verio, Inc.
OrgID:  VRIO
Address:8005 South Chester Street
Address:Suite 200
City:   Englewood
StateProv:  CO
PostalCode: 80112
Country:US

NetRange:   198.104.0.0 - 198.104.255.255
CIDR:   198.104.0.0/16
NetName:VRIO-198-104
NetHandle:  NET-198-104-0-0-1
Parent: NET-198-0-0-0-0
NetType:Direct Allocation
NameServer: NS0.VERIO.NET
NameServer: NS1.VERIO.NET
NameServer: NS2.VERIO.NET
Comment:ADDRESSES WITHIN THIS BLOCK ARE NON-PORTABLE
etc.


Network Whois record
Querying whois.arin.net with "161.58.223.246"...

OrgName:Verio, Inc.
OrgID:  VRIO
Address:8005 South Chester Street
Address:Suite 200
City:   Englewood
StateProv:  CO
PostalCode: 80112
Country:US

NetRange:   161.58.0.0 - 161.58.255.255
CIDR:   161.58.0.0/16
NetName:VRIO-161-058
NetHandle:  NET-161-58-0-0-1
Parent: NET-161-0-0-0-0
NetType:Direct Allocation
NameServer: NS0.VERIO.NET
NameServer: NS1.VERIO.NET
NameServer: NS2.VERIO.NET
Comment:
Comment:Reassignment information for this block is
Comment:available at rwhois.verio.net port 4321
Comment:


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[e-gold-list] Re: pool for a share

2003-06-21 Thread Sidd

"Patrick Chkoreff" <[EMAIL PROTECTED]> wrote:

: Damn, I gotta fund my Dbourse account again and you have to go through
: an actual human at the service desk.  I don't dare just spend into the
: Dbourse account without giving them a heads-up first.  Besides, they
: still have to fund my share account manually anyway.

Patrick, use Pecunix and give them the heads up in the payment field... they
will receive the payment notification e-mail and fund your account... their
payment address is: [EMAIL PROTECTED]

Cheers,

Sidd.


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[e-gold-list] Re: Metal-escrow

2003-06-20 Thread Sidd


 -BEGIN PGP SIGNED MESSAGE-
Hash: SHA1

Marco, and all the others who have made positive comments about
Metal-escrow, Thank you!

I apologise to all of you who have been involved in this nasty
attack. We
recently had a hand in preventing a rather large fraudulent trade and
the
thwarted criminals are now having a go at us... this recent attack
was
intended to damage our good reputation.

Ian from Privagold, you should really make sure you understand the
headers
of an e-mail before you accuse others falsely. You have a business in
this
industry now, but you are a relative newcomer and it is often best to
listen
and learn until you know the ropes. No doubt if you are a legitimate
business who actively fights fraud you will eventually be the victim
of a
similar attack. Metal-Escrow is one of the longest established
exchanger's
in the world (since 2000) with an impeccable reputation...

Steven Stowell is a sysadmin for the siddley.net network, as you can
easily
see from the domain records. He is not employed by metal-escrow and
has no
access to the metal-escrow systems. As you can see the abusive
e-mails were
forged to look like they came from Stephen Stowell
([EMAIL PROTECTED]). This is an incredibly easy thing to do.
Obviously a cursory glance at the headers of the e-mail show that the
message did not originate on the siddley.net/metal-escrow domain. The
headers of this e-mail have our legitimate headers :-)

Once again, our apologies to anyone who has been inconvenienced (or
disgusted) by this attack.

Regards,

Sidd.

My PGP key is here:
http://metal-escrow.com/pgp_key.cfm



- - Original Message - 
From: "Admin" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Sent: Saturday, June 21, 2003 5:26 PM
Subject: [e-gold-list] Re: Metal-Escrow


: Metal Escrow's integrity is not to be questioned, that email is
BOGUS, it
is
: NOT
: originated by Metal Escrow: some idiot is targeting several
exchangers by
: doing this and simlar despicable actions!
:
: marco
: www.paybygold.com
:
:
:
:
: Well based on the recent emails I have received from Stephen
Stowell I
: would say he is about 12 and his company is a completely
unprofessional.
: Now mind you I have never dealt or spoken to this person but
received the
: following email from them.  Thought it was worth sharing.

: - Original Message - 
:  From: Stephen Stowell
: To: [EMAIL PROTECTED]
: Cc: [EMAIL PROTECTED]
: Sent: Friday, June 20, 2003 10:15 PM
:
: Subject: Thou villainous heavy-handed gull-catcher.
:
: fu** you !
:
:
: -
:  This is the edited version
:
:  Others I can share off list if interested.
:
:  Doesn't seem like a very professional company.  Plus we have
received 9
:  reports for them in the last month and 6 were negative 3 neutral.
:
:  PrivaGold
:

-BEGIN PGP SIGNATURE-
Version: PGP 8.0.2

iQA/AwUBPvP82VPF8g1gRyamEQLnEwCfTBax7PrGz9Iy9h8XJWxCDWW5sLcAnj8Y
+CoVcsAkagionWL1HSKrLuLJ
=tJb7
-END PGP SIGNATURE-



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[e-gold-list] Re: DebitGold

2003-06-16 Thread Sidd

>> From: "Gabrielle Leon" <[EMAIL PROTECTED]>
>> Check out the details at www.debitgold.biz - including 'Why We Can't Run
>> With Your Gold'. We have high standards of security and privacy, and
>> guarantee that your gold will remain your gold unless you give it away!

From: "Cambist.net" <[EMAIL PROTECTED]>
> It is possible to run with the gold. If Pecunix makes up the reserves,
> Debitgold could sell the Pecunix it holds in trust for its customers and
> run. That's probably very unlikely, but it is possible. This is also true
> for 1mdc.

Actually John, it doesn't work like that at all! They do not hold the
Pecunix in trust, each debitgold account is in fact a Pecunix account in
it's own right. DebitGold is merely a new and independent "client" to the
Pecunix server. This is in fact similar to e-gold/e-dinar arrangement.


> The debit card looks good. I also found the Pecunix organizational tree
> helpful; I don't think there is anything like that at the Pecunix site.

Yes, the  Pecunix organizational tree is a "must see" in order to get a
clear picture of the depth of the Pecunix governance. The original can be
found on the Pecunix site in the "Pecunix In Depth" section here:
http://pecunix.com/money.refined...ind.companyStructure

Regards,

Sidd.




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[e-gold-list] Re: DebitGold

2003-06-15 Thread Sidd

Jim Davidson wrote:

: Some comments from Pecunix on this very interesting
: service would perhaps be in order.


Thanks for the invitation Jim,

Debitgold have been working with us for over a year, developing their
service... the Founder is Dai Leon, whom many people may have met on these
and Bob Hettinga's list over the last few years... Dai has strong ties with
the gaming industry and has developed DebitGold to be a customised interface
catering directly to the "legitimate" online gaming industry.

Debitgold is an industry first, in that it is an entirely independent entity
that has licensed the right to create their own client for the Pecunix
system. When you open a DebitGold account, you are in fact opening a Pecunix
account through the DebitGold Client... all this is driven by the Pecunix
xml-x interface. Thus a number of advantages for DebitGold become apparent:

The Pecunix system governs the "DebitGold Currency".
The Pecunix system ensures the security of the account data.
The Pecunix system manages all the transaction and validation.

Customers of DebitGold get a number of advantages too:

The DebitGold interface is customised to their exact needs, often integrated
into the gaming site where possible.
DebitGold accounts can pay any other DebitGold account OR any Pecunix
account, and vice versa...
Peace of mind, knowing the integrity of the currency is managed by Pecunix.

Pecunix currently has at least one other business considering opening their
"currency" as a client to the Pecunix system to cater to their niche market,
in the same way that Debitgold has done... This will mean that there will be
free payments between all 3 of these different "currencies"... the potential
to reach different segments of the market in this way is immense, while
still maintaining a universal payment ability.

Congratulations on your launch DebitGold.

Regards,

Sidd.


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[e-gold-list] Re: Pecunix

2003-06-15 Thread Sidd

Dear Mark,

Thanks for your comments...

- Original Message - 
From: "Mark" <[EMAIL PROTECTED]>

: We like Pecunix very much, I have just found these documents:
:
: http://pecunix.info/Pecunix_pxi.htm

You may also find http://pecunix.info/Pecunix_pri.htm to be very useful,
this is the "shopping cart interface".

: I will try to have it integrated by the end of this week.

Excellent, if you need any help you may wish to join the Pecunix developers
mail list... instructions here
http://pecunix.com/money.refined...ref.developer

: When will --www.garzoo.com-- be operating?

We expect it to be ready to go in August.

Regards,

Sidd.


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[e-gold-list] Re: INTgold (was:Re: OSstuffing The Fifth)

2003-06-12 Thread Sidd

Patrik Isacsson wrote:

"...some people has asked me specifically about
INT gold - and I would like to know what the name is of this other list
you mentioned - and what information was given on that list regarding
INT gold."

It is a private list, and the people who posted there are also on this
list... if they wish to post the info here, I am sure they will.

Sidd.


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[e-gold-list] Re: OSstuffing The Fifth

2003-06-12 Thread Sidd


Robert S.Z. wrote:

: I'm not sure what you would do as an exchanger, but if I was an exchanger
: and three customers would come to me seeking to buy a new currency for
: their e-gold, I'd be getting an account there right away and try to figure
: out how to fund it fast enough to get the deals the three clients want to
: make.

Perhaps you are unaware that I am an exchanger, or is this a rhetorical
question? As an exchanger, in the case of a scam currency, it is well known
that I refused to exchange it and warned any customers asking about it. I
believe other responsible exchangers (like cambist and icegold) did the
same...

I continue to do the same for other new scam-like currencies.

Thus we are not the biggest exchanger in the world, but we are also
litigation and bad conscience free.

Sidd.


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[e-gold-list] Re: INTgold (was:Re: OSstuffing The Fifth)

2003-06-12 Thread Sidd


: I know! Can someone tell the list about this new "INTgold" thing?
:

Snowdog and a couple of other helpful people did some research and posted
some very interesting web site connections about these guys recently on
another list. Perhaps they will be kind enough to repost here?

Sidd.


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[e-gold-list] Re: Graham Kelly thinks fast and dishonest is better (was: Who IS this "sage"? LOL)

2003-06-11 Thread Sidd

Graham Kelly wrote:

: Why not ask the hard
: questions, like how in heck did Reed get such a large customer base?

Why is this a hard question? The answer is obvious... offer 35% per month
returns to stupid gullible people and they will jump at it... then cry like
babies when they lose their money.

: When you figure out the answer to the
: question, Pecunix will be a winner; and not a minute before.

Pecunix is already a much more successful "winner" than OSGold ever was...

Furthermore Pecunix will never operate a ponzi scheme in order to increase
the customer base

Furthermore, Pecunix will actively discourage ponzi's and other criminals
from using the system.

e-gold started slowly, and is now big and strong... it is infinitely more
successful than OSGold
Goldmoney started slowly and is growing well... it is infinitely more
successful than OSGold
e-bullion started slowly and is going well... it is infinitely more
successful than OSGold

Pecunix started slowly and continues to grow well... it is infinitely more
successful than OSGold. Pecunix is already growing MUCH faster than e-gold
did in the beginning, this sounds like a winner to me.

OSgold started fast and FAILED
BrightPay started fast and FAILED

Watch INTGold... started fast and there is ample evidence as to the
reason for the rapid growth of INTGold. It will be interesting to see how
long it lasts. Just because the ponzi(s) aren't called "INTOpps" doesn't
mean they don't exist.

Don't you believe in fairy stories Graham, never read the story of the
tortoise and the hare?

Sidd. 


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[e-gold-list] Re: Who IS this "sage"? LOL

2003-06-11 Thread Sidd

It never ceases to amaze me how after all these years, Graham still has such
a limited understanding of how these internet currencies and ponzi scams
work!

he says:

: The single and only REASON why it [OSGold] failed was CEO Reed
: eventually scarpered with the bucks.

Can't you see Graham, there were NO BUCKS LEFT to scarper with! The ponzi
scam had used up all the money... all the issued OSGold was worthless for a
LONG TIME before the fiasco crumbled. The only thing that kept it alive as
long as it lasted was because people were not redeeming their OSGold, but
were putting it back into the ponzi... as soon as enough people decided to
pull their cash out, that was the end.

: OSGold, as an ecurrency, was very successful.

Nonsense, as an e-currency, OSGold was an absolute disaster. As a payment
mechanism to extend the life of the scam it was highly successful.
Certainly, for the vast majority of the time that OSGold operated, the
currency was probably almost worthless, because there was no substance
behind it, the people holding OSGold simply didn't (want to) realise this.

: Indeed, what amazes me is that Reed was getting 50c from every spend.
: Potentially, he was not only sitting on a gold mine, he actually had a
: licence to print serious money! I wonder why he scarpered with only the
: few millions he stole? Obviously, he was thinking sort term gains only.

Nope, again you demonstrate your lack of understanding of the situation. The
money was gone on the payouts to the early winners... then reed saw the
wheels were falling off and he ran... I bet he had very little money left to
run with. How do you know he got away with a few million?

I doubt very much whether you will understand this because I have explained
this to you at least twice before. I too share Craig's wonder at your
motives, do you really not understand this, or is it merely convenient to
"pretend"?

Sidd.


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[e-gold-list] Its all in the charts?!

2003-06-08 Thread Sidd

Hey JP, anyone,

Is the IAITC (its all in the charts) newsletter (or was it a subscriber web
site)?

Can anyone give me info on how to find out more about this.

Cheers,

Sidd.


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[e-gold-list] Re: www.repudigold.com

2003-06-03 Thread Sidd

- Original Message - 
From: "Danny Van den Berghe" <[EMAIL PROTECTED]>
:
: It is much more than just an escrow service.
:

No it's not. It is simply an "automated" escrow service. It does exactly the
same as any other escrow service. The way you plan to implement it may have
some "new or automated" aspects, that is all.

: It would be like saying to the person who built the first automobile:
"hey, that's a
: combustion engine in there, you have not created anything new..."

No Danny, the first automobiles are all out there and working fine and full
featured... all you are doing is trying to design a new model.

: There is indeed an escrow account being used to facilitate my reversible
spend
: system, but my 'car' has also wheels , seats and so on...

So do the other escrow services, and they are already working.

: The service I am proposing does not exist as a complete package.
: If you want to prove me wrong , just ahead and do a reversible microspend
into my
: e-gold account #102468

Are you saying that I will be able to do a reversible payment into anyone's
e-gold account with your system? I thought you were going to use an
intermediary account? So far your descriptions do not explain how I can do a
reversible spend directly to your e-gold  account.

I have just spent a reversible payment to you of 1 gram... you must
demonstrate a reversible spend directly to the seller's e-gold account
within 1 week or I will reverse the spend.

The payment is sitting in the trusted intermediary e-gold # account of John
Polzer at Electrumor.com who provides an escrow service, and I have proven
that you are wrong!

It think it is a good idea you have... to build an "automated" escrow
service... I actually had the same idea 2 years ago and bought the domain
name "metal-escrow.com"... it has been operating as an exchange for the last
2 years... I have written the code for most of the escrow system, but have
never got around to completing it...

I will certainly release my version soon, but you go ahead as well,
excellent!

Sidd.



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[e-gold-list] Re: www.repudigold.com (was: Re: repudiable payment system)

2003-06-02 Thread Sidd


: Would it not be simple to make all repudiable payments go into
: a trust account only, or possibly even the users account only but
: without the power to exchange to others at all until cleared?
: Seems easy enough.

Why even make the payment then? The recipient has no access to the funds
until the time expires, and the payer can repudiate at any time... Why not
use the e-gold system as it is, and send the goods to the buyer, and ask him
to pay once he receives the goods... it's the same thing!

: > It is simply an unworkable system if you think it through... if you
start to
: > allow credit, you must carry that risk... and then you are competing
: > directly in teh same market as credit cards... you will lose.
:
: I dont see any need for credit at all. The purchaser/spender
: has paid with real e-gold which is either held in trust for 15 days
: or totally unspendable until cleared. Much the same way as Credit
: Card payments can be held until cleared within many systems.

Now you are not talking about repudiable payments, you are talking about a
trusted intermediary or escrow system... there are many legal ramifications
in acting as a trusted intermediary.

It is a viable solution to the problem of trusted payments, but is not
repudiable payments.

Sidd.


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[e-gold-list] Re: www.e-cadillac.com

2003-06-02 Thread Sidd

Danny,

What you are trying to do is build an escrow service... you have not
invented anything new. Study some existing escrow services, then design your
system...

Sidd.




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[e-gold-list] Re: www.repudigold.com (was: Re: repudiable payment system)

2003-06-01 Thread Sidd


 Danny,

Your repudigold cannot work without credit...

For example, if I charge back a merchant for a credit card payment I have
made, the bank takes the money away from the merchant. If the merchant does
not have any money in his account at the time, the bank creates a "negative
balance", and as soon as the merchant receives further payment it goes to
paying off the debt.

Now with your repudigold, what happens if I am a clever merchant, and I set
up my site so that every payment I receive through the sci is immediately
paid to another account. Now you as a distressed customer come to charge
back and find there are never any funds available.

It is simply an unworkable system if you think it through... if you start to
allow credit, you must carry that risk... and then you are competing
directly in teh same market as credit cards... you will lose.

Sidd.


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[e-gold-list] RE: Account Freeze

2003-04-04 Thread Sidd

I agree, It appears Steve Renner has acted extremely badly... my
commiserations to Danny, I wish you the best in getting your pound of flesh.

Sidd.



: While it is disturbing that it was so easy, what leaps out at me most was
: that CashCards clearly made no good-faith gesture to attempt to recover
: these funds...

: I am not interested in doing
: business with anyone who handles his affairs in such a manner, and nor
: should anyone else be, except others who run to the courts every time they
: want something done and don't want to be bothered with effort, the truth,
or
: common courtesy.


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[e-gold-list] Re: PGP 8 - Not impressed

2003-03-31 Thread Sidd

Dan,


: Did you know that the new version 8 of PGP freeware does not include any
: mail encryption/decryption.

This is not really true! The freeware version simply does not include the
mail client plug-in. For most people that is not a problem, I personally
never use the plug-in anyway. All you need to do is use the hotkey
combination to sign/encrypt/decrypt your message, or you can use the
clipboard to do it.

It's VERY quick and easy.

Regards,

Sidd.



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[e-gold-list] Re: [e-gold-list] WIN the entire balance of e-gold® account # 500001 FREE!

2003-03-26 Thread Sidd


: You can now view the http://gold-price.net account
: balance at the e-gold® web site.
: Look for e-gold® account number :
: 51 (GOLD PRICE POOL)
: http://www.e-gold.com/pub-bal.asp

Did you know you can also do this?
http://www.e-gold.com/publicbalance.asp?pubid=51

Sidd.



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[e-gold-list] Re: thoughts on 22 March digest

2003-03-24 Thread Sidd

: I note for the record that
: Simon "Sidd" Davis has an automated exchange at
: Metal-Escrow which he seems to preferentially
: set to convert his GoldMoney to e-gold.  This
: rate setting behavior suggests that e-gold may
: carry a small premium to GoldMoney.

Thanks for the mention Jim... Mostly it is a result of supply and demand
pressures... we have frequent large exchanges from GoldMoney to e-gold, and
very few small exchanges from e-gold to GoldMoney.

The GoldMoney wholesalers will only pay a percent or 2 below spot for
GoldMoney so to ensure we don't get overwhelmed with large volumes of low
value GoldMoney, that is very difficult to dispose of, we encourage people
to exchange their e-gold for GoldMoney, and to not exchange their GoldMoney
for e-gold.

To illustrate how difficult it is to sell GoldMoney, we recently advertised
on this list that we were selling GoldMoney for spot +0.5%. This is an
incredibly low price, and as yet we have not had one order for GoldMoney. In
comparison, we can easily sell all the e-gold we get at rates of spot +3.75%
or more.

https://online.kitco.com/sellprice/selling.html
http://goldmoney.com/

GoldMoney spot price $10.58
Kitco GoldMoney sell price $10.79 (2% above spot)
Kitco GoldMoney buy price $10.39  (1.8% below spot)

Regards,

Sidd.



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[e-gold-list] Re: Time to buy Gold : NOW

2003-03-11 Thread Sidd


Patrick wrote:
:
: If anybody was considering buying Gold, NOW is the
: time to do so at low prices


And the best place to get cheap gold is at http://metal-escrow.com, where
you can buy GoldMoney at ONLY spot plus 0.5% or exchange your e-gold for
Goldmoney for free at http://metal-escrow.com/c_c.cfm

Regards,

Sidd.



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[e-gold-list] Re: exchange e-gold for Goldmoney - FREE

2003-03-10 Thread Sidd

Hello Matthew,


: Does Metal Escrow have any plans to provide e-currency exchange with
E-Bullion
: as well?  If so, what is the timeframe looking to be at this point?
:

Yes, now that e-bullion has released a secure automation interface, we will
add e-bullion to our range of currencies... look again towards the end of
this month.

regards,

Sidd.




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[e-gold-list] exchange e-gold for Goldmoney - FREE

2003-03-10 Thread Sidd

Dear Goldcurrency users,

You can exchange e-gold for Goldmoney at no charge at all!
http://metal-escrow.com/c_c.cfm

Metal-Escrow is also selling GoldMoney at Spot plus 0.5% until further
notice... get yours now!
http://metal-escrow.com

Regards,

Sidd.



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[e-gold-list] Re: new: quickly accept e-gold payments

2003-02-17 Thread Sidd


: a new shortcut method to accept e-gold payments is available
: to e-gold account holders. any e-gold account holder can now
: use a link similar to:
: 
: http://100998.e-gold.com
: 
: this example allows e-gold account 100998 to accept 2 centigram 
: gold payments.

Excellent Jay!



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[e-gold-list] Re: e-gold audit

2003-02-15 Thread Sidd

From: "Bernard von NotHaus" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Sent: Sunday, February 16, 2003 11:16 AM

: Let me explain. With all due respect to Doug Jackson of
: e-gold, James Turk of GoldMoney, Jim and Pam Fayed of e-bullion and Terry
: Neal and Sean Trainor of Crowne Gold (whose work I appreciate and
friendship
: I enjoy), let me point out that The Liberty Dollar is the only
value-backed
: currency that has been audited from day one.

Bernard,

This is not correct. Pecunix has also been audited from day one, and not
only that, the proof is offered (digitally signed) on our web site. I
absolutely agree that the audit process is the single most important factor
in gaining credibility for a value backed currency.

Regards,

Sidd
Monetary Architect
Pecunix Inc.

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[e-gold-list] e-gold --> GoldMoney still FREE!

2003-02-09 Thread Sidd

Remember, if you have e-gold and want GoldMoney, exchanges are still INSTANT
and FREE at

http://metal-escrow.com/c_c.cfm

Sidd.



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