At 12:45 AM 7/6/2001 -0400, you wrote:
Michael Moore wrote:
this has been an ongoing problem in commerce and banking and part of
the answer (not the right one perhaps) has been to introduce the 'know
your customer' policy. Unfortunately this also tends to cut across the
rights of the
e-gold because e-gold is unfortunately turning out to be a crook
magnet.
Sad...but true. I must agree with you.
Crooks are using e-gold for the exact same reason that legitimate user do.
The ability to do world-wide commerce without fear of the transaction
being cancelled. Legitimate
Any payment system, not just electronic ones, that allows non-repudiable
payments will be fraught with scams and crooks until it goes mainstream. A
payment system going mainstream doesn't reduce the number of scams
crooks using it. It actually dramatically increases the number. What
decreases is
Any payment system, not just electronic ones, that allows non-repudiable
payments will be fraught with scams and crooks until it goes mainstream. A
payment system going mainstream doesn't reduce the number of scams
crooks using it. It actually dramatically increases the number. What
decreases
Eric,
For market makers to try to become thought police does not do this.
Agreed. Unfortunately, Law Enforcement does not view it this way. The
act of completing an exchange for a criminal (even if you do not KNOW it
is a criminal) can be used against your business by Law Enforcement.
Viking Coder wrote:
Crooks are using e-gold for the exact same reason that legitimate user do.
The ability to do world-wide commerce without fear of the transaction
being cancelled. Legitimate users don't want to deal with fraudulent or
boucing payments while crooks don't want to deal with
Very cogent analysis. So, in view of this, what can be done to
differentiate
the crooks from the honest people? The difficulty arises because both
are
using the system in the same ways for superficially similar
purposes.
The
crooks hide in this ambiguity. But fundamentally there is
SnowDog wrote:
Very cogent analysis. So, in view of this, what can be done to
differentiate the crooks from the honest people? The difficulty
arises because both are using the system in the same ways for
superficially similar purposes. The crooks hide in this
ambiguity. But
Michael Moore wrote:
this has been an ongoing problem in commerce and banking and part of
the answer (not the right one perhaps) has been to introduce the 'know
your customer' policy. Unfortunately this also tends to cut across the
rights of the individual. So the problem is where do you
The problem:
a) If you do business with unidentified people, you can be dragged into
their crimes, you can be swindled, and you can help crime in general
prosper.
b) If you force identity and audit trail of all people, you leave people
no way to bypass pseudocrimes such as being unwilling to be
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