Michael, For the sake of not missing any of your points, I included your text along with my replies in ( ) There is no email on the site, no names or anyway you can establish who is behind it. (On the front page, it lists the two corporations behind it. More contact information will be added tomorrow, as the service just launched) No indication of where 'the gold' is. Just says in an 'offshore bank' (There are two banks involved, one in Panama, where the company home office is, and another in Latvia) The osgold site has their own e-gold account number which is: 273002. I opened a test account with osgold and attempted a spend from one of my e-gold accounts of 50 cents. The transaction went through as there was a 50cent deduction from my e-gold account. It did not appear in the osgold account and an error message came up encouraging me to 'try again' When I saw that I rolled on the floor laughing. (Our technicians are working on this difficulty. 99% of transactions have gone through and credited the customer's account. The 1% that have not have been credited to a customer's account within 16 hours) I then went to their support page which has a feedback form on and filled that out with the complaint that my 50 cents had disappeared. I got an auto responder come back from a [EMAIL PROTECTED] which I located came from Malaysia (It may be from elsewhere of course and bounced). (The server is in Malaysia) My conclusion from this, 1) Is that osgold is an attempt to collect spends from e-gold accounts. There is no apparent way you can spend the osgold to any merchants, only to other osgold account which I imagine would be very few. (You would be VERY wrong on this statement, as in the last 24 hours, over 2200 new accounts have been created. When e-gold first launched, I don't remember seeing a list of merchants waiting to accept e-gold as payment either. We have actually already set up several service providers who will accept OSGold for payment. The site just launched, and these things take time.) 2) Looks like osgold is piggy backing off e-gold. e-gold might want to have a look at that. Osgold is not professing to be a market maker but an 'e-gold' in its own right. (OSGold is a clear alternative to e-gold. We do not wish to "piggyback" off of anyone. We merely provide e-gold exchange as a benefit to our customers, much the same way many offshore banks now do the same. many of the market makers, whether approved by e-gold or private, are now accepting exchanges from different payment alternatives.) (It actually amazes me that one would suggest that e-gold might want to have a look into what we are doing. By all means, everyone should have a look. But, the mere statement you made does imply a certain impropriety on our part, which is unfounded. E-Gold provides payment services. OSgold is just one step in a whole suite of services which will be offered to the public over the next several months.) 3) I would steer clear of Osgold until their bona fides can be established if possible. (Bona fides can, and will, be established. Like I said befre, the site is young, and just launched officially yesterday. There is much work still to be done. If a person would feel better waiting until that work is done to create an account with OSGold, then by all means that is what they should do.) I know what is in store for the future of One Groupe International, but it takes time to prove it and that is what will be done. We will prove it day by day. David --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
