I have been personally selling to GM for a number of months. Something like
this does not happen overnight. We have yet several developments to make
this attractive. They include the release of the Debit Card which started
this week.
Selling cycle to these giants is about 9 to 12 months and then we have to be
written into their mode of operation. They also want to see that we are not
a temporary dotcom and so have held off for awhile.
We have amongst the large companies, five who have accounts today in
Standard Reserve. They are leading the charge to encouraging us to rename
ourselves "Standard Transactions" and to become an offshore company
providing services to the world.
So far, the Standard Reserve project has taken 12 months to get going. This
has been because we have laid foundations for dealing with very large
corporate clients. In essence, however, before we can actually provide
services for them we need a source of more than USD5m as a trading balance
to cope with their volume of transactions.
It will come. Not this month. Not next month. But between here and 18
months. What we need are people who will move their entire balances to
Standard Reserve who will use it as their USD current account, use the Debit
Card as their method of payment in supermarkets, and withdraw cash from the
ATM as needed. Get your employer to pay your total income into your SR
account. Connect your employer with a professional market maker such as
Eric. Get your employer to give you a benefit -- ask for your salary in gold
and have him/her bear the in-exchange fee.In turn this will encourage the
likes of GM to connect with and become a major user of the system.
The believers must demonstrate their belief in use of this, and not just toy
with it as a game. Before we get the GMs we need 200,000 believers who will
use Standard Transactions and E-Gold as their financial center.
This all starts with us.
Dr Elwyn Jenkins
Standard Transactions
Standard Reserve
The Gold Economy
++
-----Original Message-----
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On Behalf Of Eric Gaither
Sent: Wednesday, February 28, 2001 8:55 AM
To: e-gold Discussion
Subject: [e-gold-list] Re: and wouldn't TWC be to die for!
Craig,
I agree with your points. And it appears, even so if indirectly, you are
also supportive of the notion that the effort to promote e-gold's acceptance
for big ticket items seems to have stalled.
No wait: ..."patient appears to be in a state of non-response to verbal
stimuli. Life supportive interventions have been implemented. Vent support
initiated. IV fluids with a gtt rate 150 cc's per hour. Nourishment via Peg
tube 250 cc bolus q 6 hours. Foley cath. Ted hose. Oral care q 2 hours. At
this point, we have done all we can. It is up to the patient now..."
There comes a point when outside efforts do well to maintain, but an
internal desire to thrive and grow must come from the "patient". Once a
"patient gives up the will to live, imminent death is soon to follow.
E-gold "users" are growing, "accounts" are growing, but as you pointed out,
there is a backsliding in people ACCEPTING e-gold. That is, until you
consider the games/schemes/ponzis. Like a virus, they seem to multiply at
an alarming speed.
Perhaps a new desire for growth WILL come from within now that some
competitors have joined the field. GoldMoney, Wise Assets, who is next?
Eric
----- Original Message -----
From: "SnowDog" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Sent: Wednesday, February 28, 2001 8:16 AM
Subject: [e-gold-list] Re: and wouldn't TWC be to die for!
>
> > Once again, I applaud your rationalizations! Too little effort
appears
> > to be aimed at attracting the larger merchant organizations to accept
> > e-gold. As a fellow Market Maker, it appears that the bulk of e-gold
use
> is
> > still limited to the many investment games/ponzis/pyramid programs out
> > there.
>
>
> I believe there will always be two kinds of money in this world, because
> there are two fundamental types of transactions:
>
> 1) Consumer controlled transactions, where the Consumer will demand the
> final say in the transaction;
>
> 2) Seller controlled transactions, where the Seller will demand the final
> say in the transaction.
>
> Transactions which are driven by consumers include relatively small value
> items with large price mark-ups. With consumer merchandise, sellers can
> accept some charge-backs and bounced checks, and still make a profit,
> because their mark-up is high, and their sales increase substantially when
> they allow the consumer to use his credit card. For these types of 'soft
> money' transactions, people can use credit cards, personal checks, money
> orders, and the new third party payment services, like PayPal.
>
> However, one would never consider using a credit card to purchase a new
car,
> or a house, or to make a payroll, or make a B-2-B payment. These types of
> high-dollar transactions, where the seller cannot afford to have a payment
> reversed, will be controlled by the seller, and he has a need for 'hard
> money' which he can rely on to fulfill the transaction without the
> possibility of a reversal. This is where e-gold comes in. E-gold is TOO
> expensive to be used to purchase consumer merchandise, and will probably
> NEVER be used for this purpose. However, it is PERFECT for a large-value,
> low-markup transaction, and will probably find its niche here. A consumer
> will not want to spend his e-gold on a new toy, but he will be glad to use
> it for a new car, a vacation, perhaps a new house, to make a payroll, and
> perform other business transactions.
>
> Do you realize that the average number of listings on eBay, which accept
> e-gold, have FALLEN in the past year, even though e-gold is now 5 to 10
> times larger than when I started counting the number of eBay auctions
which
> take e-gold?
>
> Craig
>
>
>
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