Jay Wherley is the head tech guy at e-gold.com so wwe can rely on his views below. The incentive payments and the payment receive fee are not counted as "spends" for the statistics on the e-gold.com/stats.html page.
One correspondent suggested to me that there may be one or more "spread spectrum" accounts. The way such an account would work is that a 'bot would create 10,000 e-gold accounts. Other software for bulk payments would be used to spend one ten thousandth of each payment from each of these accounts to the intended recipient. Why do so? Doing so would diversify the risk of any one account being closed, make the process of tracking the account history data much harder for prosecutors and others with court orders, and generally enhance privacy to some extent.
Of course, this idea was indicated as a chimera, something that has been discussed but no one knows if anyone has ever implemented it.
Meanwhile, I suggest a few games of poker at http://8715605.thegoldcasino.com
I hope this message has been helpful. Jay's detailed response below.
Regards,
Jim http://www.ezez.com/
From: "Jay W." <[EMAIL PROTECTED]>
Date: Sat Jun 7, 2003 06:19:33 US/Central
To: [EMAIL PROTECTED]
Subject: Re: [dgc.chat] Micropayments and the incentive program at e-gold
I realize you have explained this at least 10 times, every time it comes up every few months, but I alwasy forget and like hearing it over and over :-)
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then hopefully this post is a paroxysm of joy for you JP! ;) :
the deduction of the e-gold spend fee is not included in velocity numbers.
the distribution of any incentive payments per
http://www.e-gold.com/unsecure/incentive.htm
is not included in velocity numbers. the *only* thing counting as a "spend"
in "e-metal spends" is an e-metal spend (aka payment) from one account to
another initiated by a user doing one of:
a) manually signing into his account and performing a "Spend"
b) checking out at a merchant using e-gold SCI
c) using phone access to make a spend
d) using a program and the e-gold Automation Interface to make a spend
those velocity numbers are totals for the amounts users are spending to other users. they do not include any other thing like fees, storage charges, or incentive payments.
http://stats.e-gold.com
possibly the most informative, accurate and timely economic statistics on earth - possibly the universe!! ;) -----BEGIN PGP SIGNATURE----- Version: PGP 7.0.4
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