[e-gold-list] Re: 1mdc LODGEMENTS to take over from Euro?

2002-01-17 Thread don . raymond



On Thu, 17 Jan 2002 16:45:15 +1100, [EMAIL PROTECTED] wrote:
Don't forget, 1mdc Lodgements have utterly nothing to do with 
investment or risk

Very simply, you're just moving your e-gold from one account to 
another (indeed, the 808080 1mdc account).  And 1mdc pays a bonus to 
you, as a marketing cost.

JP,
I still dont get it. I still dont understand how 1mdc
wants to pay a bonus for customers. A customer is one that purchases a commodity or 
service. What commodity or service is 1mdc providing?
Companies will pay a bonus because they know they can clean up with
future sales. Is there some hidden fee for using 1mdc, like a 5%
withdrawal fee? I just dont get it, sounds to good to be true like
Ponzi's postal coupon scheme (http://www.mark-knutson.com). Please,
dont take offense, I mean none. I want to cut costs like everyone
else, I just know there are no free lunches.

don


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[e-gold-list] Re: 1mdc LODGEMENTS to take over from Euro?

2002-01-17 Thread jpm

Don asks:

JP,

I still dont get it. I still dont understand how 1mdc wants to pay a 
bonus for customers. A customer is one that purchases a commodity or 
service. What commodity or service is 1mdc providing?
...
Is there some hidden fee for using 1mdc, like a 5%
withdrawal fee? I just dont get it, sounds to good to be true like
...
  Please, dont take offense, I mean none. I want to cut costs like everyone
else, I just know there are no free lunches.

don


Hi Don!!

Thanks for asking!

Don, firstly there is a long essay about this at the bottom of 
https://www.1mdc.com on the left side, and at the bottom.

In short, the 1mdc BRAND is now very famous -- for a relatively small 
cost!  Eventually other 1mdc products in the group (such as 1mdc 
Grams) could generate vast profits.

However, yes, 1mdc LODGEMENTS are quite literally a free lunch. 
What you pay into the 1mdc brand is your very interest, attention, 
the fact that you tell others, etc etc. What 1mdc Lodgements builds 
is absolute trust, reputation and so on.

Yes, it is a completely novel business concept.  It is so unlike 
BANKS which are a rip off from A to Z that it is hard to grap!  As it 
explains in the long essay it is an anti-Bank, much as e-gold is an 
anti-money.

Try it!  The lowest lodgement size (10 grams) will be raised 
eventually (probably to 20g).

I hope that helps!

JP May



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[e-gold-list] Re: 1mdc LODGEMENTS to take over from Euro?

2002-01-17 Thread Patrick Chkoreff

 However, yes, 1mdc LODGEMENTS are quite literally a free lunch.
 What you pay into the 1mdc brand is your very interest, attention,
 the fact that you tell others, etc etc. What 1mdc Lodgements builds
 is absolute trust, reputation and so on.

Very neat, JP.  The agio fees are simply your marketing costs.  On the
$100,000 lodged, that works out to about $1000 a year.

-- Patrick



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[e-gold-list] Re: 1mdc LODGEMENTS to take over from Euro?

2002-01-17 Thread Craig Spencer

On 17 Jan 2002, at 9:06, [EMAIL PROTECTED] wrote:

 JP,
 I still dont get it. I still dont understand how 1mdc wants to 
 pay a bonus for customers. A customer is one that purchases a
 commodity or service. What commodity or service is 1mdc providing?
 Companies will pay a bonus because they know they can clean up with
 future sales. Is there some hidden fee for using 1mdc, like a 5%
 withdrawal fee? I just dont get it, sounds to good to be true ...
 I want to cut costs like everyone else, I just know there are no 
 free lunches.

I'm with you Don.  I trust JP like he trusts Paul Vahur but what
he is doing makes no sense whatsoever.  And his explanations just
make him sound like a phoney (which I know he is not!).

Best,

CCS

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[e-gold-list] Re: 1mdc LODGEMENTS to take over from Euro?

2002-01-17 Thread Craig Spencer

On 17 Jan 2002, at 10:18, Patrick Chkoreff wrote:

 Very neat, JP.  The agio fees are simply your marketing costs.  On the
 $100,000 lodged, that works out to about $1000 a year.

But marketing costs for what?  !!!

Best,

CCS


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[e-gold-list] Re: 1mdc LODGEMENTS to take over from Euro?

2002-01-17 Thread Ragnar

 
 I'm with you Don.  I trust JP like he trusts Paul Vahur but
 what
 he is doing makes no sense whatsoever.  And his explanations
 just
 make him sound like a phoney (which I know he is not!).
 

I have a theory.  This is just theory and speculation, of
course.

If I had me a brick of gold in digital format, I would lend it
out to some trusted currency exchange providers who are low on
e-gold inventory in exchange for a fee (interest).

That's what I would do.  I do not know what JPM is doing.


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[e-gold-list] Re: 1mdc LODGEMENTS to take over from Euro?

2002-01-17 Thread Patrick Chkoreff

From: Craig Spencer [EMAIL PROTECTED]
Sent: Thursday, January 17, 2002 12:19 PM


 On 17 Jan 2002, at 10:18, Patrick Chkoreff wrote:

  Very neat, JP.  The agio fees are simply your marketing costs.  On the
  $100,000 lodged, that works out to about $1000 a year.

 But marketing costs for what?  !!!

For building a group of people to whom they can sell FUTURE
revenue-generating services.  JP has mentioned a possible 1mdc-grams product
with a transaction fee.

I'm not saying I definitely foresee a complete return on this initial
investment, but JP and company are betting it's there.  Maybe part of the
return is just the fun of doing it, but I'm sure they're counting on real
money streams.  We'll see.  If they decide to go out of business they'll
just let all the lodgments expire and all the funds will return to the
users' e-gold accounts.  Because they're honest.

In the movie Field of Dreams, Kevin Kostner builds a baseball field on the
premise that if you build it, they will come.  Well, I guess JP is
building 1mdc on the premise that if they come, he will build it.

-- Patrick





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[e-gold-list] Re: 1mdc LODGEMENTS to take over from Euro?

2002-01-17 Thread Patrick Chkoreff

- Original Message -
From: Ragnar [EMAIL PROTECTED]
Sent: Thursday, January 17, 2002 12:33 PM

 I have a theory.  This is just theory and speculation, of
 course.

 If I had me a brick of gold in digital format, I would lend it
 out to some trusted currency exchange providers who are low on
 e-gold inventory in exchange for a fee (interest).

 That's what I would do.  I do not know what JPM is doing.

Good idea, but the 1mdc site says they're not doing that.

I'll tell you who is, though.  Graham Kelly at http://www.goldnow.st (click
the faq tag).   I haven't tried it yet, but he's offering a 5% return
specifically to overcome the inventory problems you mention.

-- Patrick



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[e-gold-list] Re: 1mdc LODGEMENTS to take over from Euro?

2002-01-17 Thread David Beroff

Craig Spencer [EMAIL PROTECTED] said,
 I'm with you Don.  I trust JP like he trusts Paul Vahur but what
 he is doing makes no sense whatsoever.  And his explanations just
 make him sound like a phoney (which I know he is not!).

I'm not entirely sure that his business model will succeed,
but the  *concept*  certainly does make sense to me.

Let's say that I'm an advertiser (which I am).
I may want to place this ad in front of JP's members:
http://LeadFactory.com/pub/example.php?d4b_e-gold

Granted, there may not be enough traffic or value in the
equation to make this work, but the basic idea is still there:
Eyeballs have some positive value.

-- David Beroff [EMAIL PROTECTED]   Founder/CEO, LeadFactory.com
P.O. Box 234, Jenkintown, PA 19046-0234 (USA)   http://LeadFactory.com
Voice: +1 (215) 576-6800   Fax: +1 (215) 576-6853   ICQ: 3652887
Toll-free: 1.800.668.3163   Home page: http://David.Beroff.com


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[e-gold-list] Re: 1mdc LODGEMENTS to take over from Euro?

2002-01-17 Thread Craig Spencer

On 17 Jan 2002, at 12:58, Patrick Chkoreff wrote:

 For building a group of people to whom they can sell FUTURE
 revenue-generating services.  JP has mentioned a possible 1mdc-grams
 product with a transaction fee.

Except, correct me if I am wrong, that product (as currently in 
use) has no fee!
 
 I'm not saying I definitely foresee a complete return on this initial
 investment, but JP and company are betting it's there.  Maybe part of
 the return is just the fun of doing it,

Actually, that is my suspicion...

 but I'm sure they're counting
 on real money streams.  We'll see.  If they decide to go out of
 business they'll just let all the lodgments expire and all the funds
 will return to the users' e-gold accounts.  Because they're honest.

Yes.  Of that I have no doubt.
 
 Well, I guess JP is building 1mdc on the premise that if 
 they come, he will build it.



Best,

CCS

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[e-gold-list] Re: 1mdc LODGEMENTS to take over from Euro?

2002-01-17 Thread David Beroff

Patrick Chkoreff [EMAIL PROTECTED] wrote:
 If they decide to go out of business they'll
 just let all the lodgments expire and all the funds will return to the
 users' e-gold accounts.  Because they're honest.

I suspect I am going to ignite a flame war, but this  *does*  bring 
up a very valid question which is one of the major concerns when 
I try to get others to use e-gold:  Yes, let's assume that everyone
on  *this*  list implicitly trusts the backers of 1mdc and e-gold.  
But what exactly do I tell someone when they ask what happens if
1mdc goes under?  Or e-gold.com, themselves?  I mean, it's not
exactly like I can go to one of the vaults with a recent printout of 
my balance and demand that they scrape on one of the gold bars 
to give me my few grams.

Please don't flame me.  This is a real issue that comes up when
I am talking to potential members of our e-gold economy.  I suspect
that mistrust is ultimately the  *primary*  detractor.

 In the movie Field of Dreams, Kevin Kostner builds a baseball field on the
 premise that if you build it, they will come.  Well, I guess JP is
 building 1mdc on the premise that if they come, he will build it.

If you think about it, the latter is a much better way to build a business.
Assess the demand first, and then rise to meet it.  This is precisely how
I started my first successful Web-based business; I saw that people
were searching for something like Freedback.com, but couldn't find
any site to meet the need, so I started one. :-)

-- David Beroff [EMAIL PROTECTED]   Founder/CEO, LeadFactory.com
P.O. Box 234, Jenkintown, PA 19046-0234 (USA)   http://LeadFactory.com
Voice: +1 (215) 576-6800   Fax: +1 (215) 576-6853   ICQ: 3652887
Toll-free: 1.800.668.3163   Home page: http://David.Beroff.com


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