Dear Friends,

Someone inquired with me about "seven dozen Texans"
dead at Mount Carmel.  I guess 1993 was a while ago.
As Casey Stengel used to say, "You could look it up."

It has long seemed to me that people seeking copies
of driver licenses and passports are just begging to
have their customers send them fake IDs.  It seems
even easier to put together a "utility bill" given
what graphics tools are readily available.  What
possible purpose do these requirements serve?  I
guess there are many ways to write "CYA."

Does anyone in the e-gold community perform .ca
registrations for gold?

Dale Pond laments the lack of a Global Digital Currencies
Association to track reputations, provide accountability
procedures, establish dispute resolution processes, and
help get things sorted out.  The last I heard, and this
statement was last week, the new GDCA will be launching
in a week's time.  (For the record, I heard the same thing
two weeks ago, three weeks ago, and four weeks ago, but,
what the hey!  If NASA can hold its countdowns, so may
the GDCA!)

Curiously, Cambist.net is very transparent about the
names of our principals:
 http://goldbarterholdings.com/principals.cgi
as well as photos of us (ain't we handsome?;-) and
curricula vitae on each.  We also provide details on
our site as to our locations.  We operate across a
broad array of jurisdictions.

We aren't exchange agents of e-gold.  We are an
independent exchange provider, and we are not affiliated
with e-gold.  We aren't their agents in any sense of
the term.  And, we are a documented "Authorized
Gold Interchange Operator" (AGIO) which became an
acronym some time after I pointed out that the word
"agio" expresses the difference in value between
two metal monies.  (The term in English for "exchange
provider" is "cambist.")

Now, it just so happens that to become an AGIO, we
provided e-gold.com with paperwork to satisfy their
"due diligence" requirements.  Included were valid
identity papers and valid utility bills, because
that's who we are in the matter.  No fake IDs here.

Now, there are non-listed exchange providers who
do not carry the e-gold "AGIO" logo, and aren't
listed on the e-gold site.  What to do in a free
market?  People are free to offer exchange services.
Maybe users should have an opportunity to rate these
independent unlisted services...which the GDCA means
to offer.  I think there is already a currency
registry doing something similar.

E-gold has in fact done an excellent job of setting
up a network of exchange providers who are verified
by them and validated in various ways, and under
special terms of obligation to e-gold, Ltd.  You
can follow the links on the e-gold site to find
out what the terms are all about.

We are actionable in every way.  I live for action.

In fact, a whole raft of exchange providers who were
selling OSGold have been named in an action brought
before the Federal District Court for Southern NY.
(Cambist.net never sold that stuff, so we were not
cited in the civil action.)

Most of what are identified by outsiders as problems
with e-gold are in fact problems with any currency.
People scam cash, checks, and credit cards, too,
but they don't seem to post here about those
issues, for some reason.  Oh, yeah, it isn't all
that relevant to this list.  Auction fraud can take
place whether the user spends e-gold or credit card
money to satisfy the auction payment.  Escrow fraud
has the same features, no matter what money is used.
More Ponzi schemes have been run by governments and
private parties involving currencies other than
e-gold than have been operated using e-gold.  The
longest running of these is called "Social Security."
(More people of my age believe that they will be
abducted by aliens than believe we'll ever see a
penny of the money diverted into Social Security.)

That's why the GDCA will be important.  It will help
provide recourse for those who have been defrauded,
no matter what the cause, no matter what the currency.
Next week, I'm sure.  <grin>

By the way, there is no e-gold, Inc.  It is e-gold, Ltd.

Jefferson went way outside constitutional bounds by
operating undeclared wars on various pirate groups.
This behavior on his part has led to today's civil
asset forfeitures, which threaten individual liberty.
The Supreme Court, in ruling that a woman whose ex-husband
"borrowed" her car to cruise for prostitutes should lose
her car because it was used in a crime, cited the piracy
history of what became asset forfeiture.  Isn't that
cool?  Jefferson acts unconstitutionally two hundred
years ago and some poor woman loses her car as a result.
Even the "good politicians" aren't to be trusted with
political power.  ("The Ring of Power must be destroyed!")

SnowDog points out:
The exchange service in question, is not listed on their
website.
Yeah, but eForex is a reputable exchanger nonetheless.
I've done exchanges with Vlad, and he's a good guy.
(Not to be confused with Vlad the Impaler of late
medieval Transylvania!)  So he's fixated on wanting
IDs from his customers?  Big deal.

the eCTA was an attempt to establish accountability
Well put, and precisely correct.

shortly there will be
Next week, I'm told.  <grin>

another exchange association developed just for this
purpose, with arbitration procedures outlined.
Nope.  The Global Digital Currencies Association is not
just an association of exchangers.  It is open to
currency providers, it is open to merchants, it is
open to individuals.  It will attempt to list and
rate all businesses in our economy.  If you want
to know whether someone listed is reputable, you'll
look for the seal of approval.  Platinum and gold
seals indicate high levels of trust and will be
backed by funded guarantees of the GDCA.  Copper
will be the standard run-of-the-mill setting where
everyone starts off.  Chlorine will be for those
with many demerits and unresolved disputes.

What's more, the GDCA will provide a dispute resolution
service.

Bruno types:
FBI and Police is on the case,
Oh, well, what a relief.  <smirk>

These are the same guys that did such a great job
catching that outlaw Eric Robert Rudolph, right?
And they kept all those planes safe on 11-Sep-01.
Yeah, with them on the case, there should be no
worries.

Regards,

Jim
 http://cambist.net/


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