[e-gold-list] e-gold Server Down

2003-11-24 Thread SnowDog
How long do you anticipate that the e-gold servers will be down?

Craig



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[e-gold-list] Re: e-gold for stocks

2003-10-30 Thread SnowDog
 So when tallying up the money supply, I would not count both a gold 
 coin in a vault AND a paper note redeemable for that coin. 

That's the difference between M1 and M2 isn't it? 

Both terms are relevent to an economist.

Sincerely,

Craig (SnowDog)



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[e-gold-list] Re: e-gold for stocks

2003-10-30 Thread SnowDog
  So when tallying up the money supply, I would not count both a gold
  coin in a vault AND a paper note redeemable for that coin.
 
  That's the difference between M1 and M2 isn't it?

 I don't see the analogy with warehouse receipts.  M1 itself is a
 mish-mash created by printing presses and fractional reserve lending;
 M2 is an additional mish-mash involving short-term money market
 investments of the aforementioned mish-mash.

[...]

 Please explain.

I wasn't making such a detailed observation. I am simply pointing out that
there are several definitions for 'money', each of which has use. If gold
were widely used as money, would you ever have a reason to include all the
gold in all the vaults as part of the money supply? Sure you would, if you
were trying to get a measure of the overall size of the money supply and
subsequently its growth from year to year. Likewise, would you ever have a
reason to include only notes redeemable for the gold? Again, the answer is
'yes', if you were trying to find total money in circulation, since the
notes circulate as money, too.

I seem it as similar to the difference between M1 and M2. M1 is the total
amount of cash circulating in society and M2 includes other types of liquid
assets like checking account balances, which are directly convertable to
cash. Monitoring the size and growth of each are valuable to economists.

Sincerely,

Craig




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[e-gold-list] Re: paypal to e-gold service

2003-10-10 Thread SnowDog
 A colleague of mine read the TC around 6 months ago, when we though of
 providing this service to our clients and haven't found any cautions
 against this kind of service.

When PayPal seized my money, they had a 'Guarantee that All PayPal Payments
are Good'.

 Did anyone actually try to cut a deal with PayPal, explaining the kind
 of business you were trying to do?

Yes, but the problem is that PayPal allows fraudulent money into their
system by giving their buying customers access to credit cards. There are
dozens, if not hundreds, of thieves which have access to stolen credit
cards. These people will use stolen credit cards to buy gold. Then, when the
paying customer discovers this, they will cancel their credit card, leaving
PayPal with a fraudulent transaction, who will try to recover the money from
where it was spent. This would be the exchange service.

What makes this business model impossible to use is that it becomes very
popular. You will literally have thousands of dollars in your PayPal
account, everyday, if you do this. You won't be able to stop PayPal from
locking your account, locking the accounts of several of your customers, and
telling the rest of your customers that you are being investigated for
fraud. Then, they'll try to reverse the money in your bank account to cover
their loss. Don't be fooled into thinking that you'll only take money from
people who pay with cash, because you can't really know the source of the
PayPal money.

This business model is a walking stick of dynamite, and the best advice I
can offer is to stay away from it.

Sincerely,

Craig



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[e-gold-list] Re: paypal to e-gold service

2003-10-10 Thread SnowDog

 You will need to insist on an ISP mail address and even then you have no
 protection against thievery from PayPal itself. Millions of people never
 have a problem with PayPal, tens of thousand get ripped off by PayPal
 themselves. There seems to be no pattern though about who they steal from
 and whom they don't.

I don't agree with this. While it is true that millions of people never have
a problem with PayPal, everyone that offers a direct exchange with another
currency DOES have a problem. Thieves want to funnel money into their
offshore bank accounts. They don't want to buy Stuffed Animals on eBay. So,
if you're selling stuffed animals -- you're good. If you selling gold,
you're a target.

Craig



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[e-gold-list] Re: paypal to e-gold service

2003-10-09 Thread SnowDog


 We are opening a new service allowing users to buy e-gold using their
 PayPal funds with fees lower than 10% (from 8 to 10% depending the amount
 transfered).
 For more informations, please write to @netcourrier.com

Unless something's changed, this will be the course of events:

1) Within a few weeks you'll be making thousands of dollars a day.

2) Then, on a Monday, with 4 days of sales in your PayPal account, (maybe as
much as $20,000), PayPal will lock your account and hold your money for 6
months to a year.

3) Afterwhich they may, or may not, give you back some of it.

SnowDog



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[e-gold-list] Re: gold itself

2003-08-20 Thread SnowDog

 Redemption should mean

 I think that should says it all! In the case of E-gold redemption =
 exchange because the value is the same in both cases (of course, I have
no
 proof that the gold really covers 100% of the egold).

I don't agree with this. Redemption is the process of removing gold from the
e-gold system. Anything else is a third-party exchange.

The redemption process is essential to the function of a system like e-gold.
Without the ability to remove gold from the system, all confidence in the
system would be lost, and no exchanges would be possible.

Sincerely,

Craig (SnowDog)



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[e-gold-list] Google

2003-08-14 Thread SnowDog
I haven't been reading this list for about a week, but have you guys noticed
that if you go to Google, and type in 'gold', then click 'I'm feeling
Lucky', instead of 'Google  Search', that the E-Gold site comes up? How does
that work?

Craig



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[e-gold-list] Serious Vulnerability in Microsoft Windows OS

2003-08-01 Thread SnowDog
I don't know if this has been seen, but it would bode well for various
account users to read this.

20030716 (Wednesday)

The Last Stage of Delirium Research Group has discovered a critical security
vulnerability in all recent versions of Microsoft operating systems. The
vulnerability affects default installations of Windows NT 4.0, Windows 2000,
Windows XP as well as Windows 2003 Server. The LSD Research Group was able
to create proof of concept codes for this issue, which allowed for remote
attack resulting in execution of any commands on vulnerable Windows systems
with SYSTEM privileges (the highest level of access in Windows). The
vulnerability is also exploitable in the case of Windows 2003 Server,
regardless of the buffer overflow prevention mechanism it has been equipped
with. 

http://lsd-pl.net/news.html

Here's the patch:

http://microsoft.com/technet/treeview/default.asp?url=/technet/security/bull
etin/MS03-026.asp

Craig (SnowDog)





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[e-gold-list] Re: VirtualGold link

2003-08-01 Thread SnowDog
 Like Marco  Patrick in EU, GoldNow has decided to trade in VirtualGold.

Anybody ever ask why they call it 'Virtual' Gold?

Craig




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[e-gold-list] Re: Data on gold system usage

2003-07-31 Thread SnowDog

 Inspired by the indubitable SnowDog, DGCWorld has prepared a simple 
 one page report using Google.com search results to indicate the 
 possible usage of 4 popular gold currencies for goods and services:
 
 http://www.dgcworld.com/googling.pdf

See how far behind I am on my email? This is excellent!!

Craig (SnowDog)




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[e-gold-list] Re: Regarding crooks!!! Very Interesting! I think :)

2003-07-30 Thread SnowDog

 And all because the old couple lives in a country with foreign exchange
 controls and can't legally deal in e-gold and hence decided to use a bogus
 address for their domain registration...

So they broke the law... I was almost feeling sorry for them.






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[e-gold-list] Re: Gold Bulls' Big Gamble (Forbes.com)

2003-07-02 Thread SnowDog
 Yes, the Dallas Fed has on their site some preposterous
 ideas about imposing negative interest rates on the
 economy.  But, the reality is that most of these are
 very impractical and even the Dallas Fed says these
 arrows aren't very straight.  Who knows where they
 might fly.

Jim, do you have a link to these ideas from the Dallas Fed.

Craig





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[e-gold-list] Re: Don't let the facts get in the way of a good story!

2003-06-30 Thread SnowDog
 GoldNow IS a HYIP, in the truest sense. High Yield Investment
 *Project*... for ME  my family! It's a legitimate, honest, hard working,
 customer serving business... otherwise KNOWN as a High Yield Investment
 *Project*! (Well, that's at least the goal, anyways!)

GoldNow is not an HYIP in the usage that is prevalent. HYIPs take money from
later investors to pay returns to earlier investors, (though they may not
say it).

I believe that we, as an industry, need to rid ourselves the best that we
can, of scams and businesses which carry bad reputations. One of the first
steps is to establish criteria and terms for those businesses we consider
improper. If we believe that HYIPs are unethical and improper businesses
with which to align ourselves, then the words we use to describe these types
of businesses should be clear and unambiguous. An HYIP is a pyramid scheme.
GoldNow is not a pyramid scheme. Confusing such a term with a legitimate
business hinders us in our attempts to fight such scams.

Sincerely,.

Craig (SnowDog)



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[e-gold-list] Re: New Bourse - a few notes

2003-06-16 Thread SnowDog
 Jim (of cambist fame) and I were discussing the idea about a year ago and
 at the time my main concerns were to find a small enough government that I
 could convince to let me write their Securities and Exchange act for them.

And so we begin, yet again, the slow ride to tyranny...

[No nation needs a 'Securities and Exchange act'.] Strong laws against fraud
are all that's necessary.

Craig





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[e-gold-list] Re: New Bourse - a few notes

2003-06-16 Thread SnowDog
 Maybe the nation of Sealand has a comment on this subject? I'm
 still just pleased that this event has finally happened, because of
 problems with the NYSE-style markets which make many sensible
 investors shy away from stocks.

Problems with the NYSE-style markets??

Craig




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[e-gold-list] Re: New Bourse - a few notes

2003-06-16 Thread SnowDog
 Of course TGC is honorable and all, but how about the next company that
 lists? CyberFrontier U2Networks may be a viable applicant, GoldNow
 another. What if Privacity wants to list? No rules means everyone gets a
 go - or is there an undemocratic, tyrannical system in which the
 proprietors of DBourse get to pick and choose as they feel like?

Capitalism and Freedom are derived from a legal and ethical system which are
derived from the principle of Individual Rights. As private property, the
propietors of DBourse get to pick and choose at their own discretion, and
must abide by whatever contracts they have with other people. You can't just
'pick and choose' which laws you put into place to control this. To do so
would simply be arbitrary.

Sincerely,

Craig




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[e-gold-list] Re: New Bourse - a few notes

2003-06-16 Thread SnowDog
  Capitalism and Freedom are derived from a legal and ethical system which
are
  derived from the principle of Individual Rights. As private property,
the
  propietors of DBourse get to pick and choose at their own discretion,
and
  must abide by whatever contracts they have with other people.


 Absolutely! But then they aren't a bourse.
 A bourse is: An exchange, or public place where merchants, traders, etc.,
 meet for business.

No, it's a private company, perhaps open to the public, but only at its
discretion.

 If the operators get to pick who trades and who is traded with no rules,
 then it's a private gambling den ;)

But if a private company is not allowed to make its own rules, and try to
attract people to use its services voluntarily, then why should an outside
party be allowed to write a 'Securities and Exchange Act', and require such
a private company to follow the act by force?

Force vs Voluntary Cooperation? That's really the choice, isn't it?

Sincerely,

Craig




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[e-gold-list] Re: New Bourse - a few notes

2003-06-16 Thread SnowDog
 Nothing wrong with that at all. Untill three HYIP crooks who read this
 list put their heads together, that is.

 Then it's still free market and nothing wrong with that either. Then a few
 hundred investors get burned. Free market, tough luck.

Here's where we disagree, and probably where I disagree with some
anarcho-capitalists: When HYIPs take someone's money by promising them high
returns, and then failing to deliver -- that's fraud, and should be
punished. Right now, no government agency, (or any other private agency, I
might add), is prosecuting criminals in this area, and hence the criminal
element flourishes in this area. It's not a free market. A free market is
one where people voluntarily associate. To voluntarily associate, these
things need to be observed:

1)  The right to private contract shall not be infringed. From the US
Constitution: No state shall ... pass any bill of attainder, ex post facto
law, or law impairing the obligation of contracts ...

2) Violations of contracts need to be punished and compensated. When some
HYIP promises 45% return per month, and then fails to deliver without any
caveats, then this should not only be a violation of contract law, but also
of criminal law, and the people behind such scams need to be tried in a
criminal court and then make restitution to their victims.

If you enforce and uphold the contracts that private stock exchanges make
with their customers, then you don't have HYIP crooks, and you don't have
people getting burned.

Sincerely,

Craig




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[e-gold-list] Re: New Bourse - a few notes

2003-06-16 Thread SnowDog
 Can I see Sealand's constitution please?
 Ooops, sorry. I meant, can I see the terms and coditions of listing on
 Dbourse?

 Hmmm. Isn't that what I said from the beginning was lacking and you said
 wasn't needed?

No, it's fundamentally different. If someone can open a company, and write
the contracts by which he will associate with others, then this is fine and
good. If some third party writes a 'Securities and Exchange Act' by which
everyone is forced to comply, then this is wrong.

 I think we both want the same thing. Protect investors against fraud, kick
 the living electrons out of scam artists and not interfere with free trade
 more than absolutely essential.

And with this I'll agree!

 The reason I raised the concerns was simply because I felt that once they
 were addressed there would be a great platform in place and nobody else
 needed to trade elsewhere, making the viability of scam copycat operations
 questionable at best. That in itself would give investors protection.
 After all, why should they trade on a shady no-name exchange if there was
 a large endorsed bourse operating in Sealand?

And once a reputable firm establishes its credibility, why would anyone want
to go someplace else? :)

Sincerely,

Craig




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[e-gold-list] Re: New Bourse - a few notes

2003-06-16 Thread SnowDog
 Witness the recent SEC conviction of StockGeneration.

 SEC wrote:
  According to the SEC's complaint, the website described the
  StockGeneration program as a virtual stock exchange in which
  participants could buy and sell virtual shares in several virtual
  companies at prices set by SG. The website stated that the share
  price of one company, identified as Company #9 or the Privileged
  Company, would generate a risk-free, guaranteed return of 10% per
  month, or 215% per year. The complaint alleged that in April 2000,
  SG unilaterally reduced the virtual share prices by nearly 100% and
  stopped honoring investors' requests to redeem their virtual shares
  and recover their money.

Just FYI, Stock Generation was a game -- it was never a serious stock
market. They had a gambling license displayed on their website. All the
companies were fictitious, and they made no pretense otherwise. Their
violation came when they 'promised' certain profits when the players did
certain things. Then, they reneged on the promises, and took money out of
players 'cash balances'. These were the accusations against Stock
Generation.

Unfortunately, there were no criminal prosecutions, and the people are back,
making money in another game at http://www.magicmoneygame.com/ .

Craig




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[e-gold-list] Re: OSstuffing The Fifth

2003-06-13 Thread SnowDog
 Imagine you have $100,000 and find a way to make $500,000 but you need
 $250,000 to start with. The 'way' is sending shipments to somewhere and
 you know that if you can't tie up suppliers and buyers in a matter of
 days, someone else might step in.
 But you don't have the $250,000 - you only have $100,000.

[...]

 Dealing with the loan shark will not only reduce your profits, his demands
 continue to grow as he realizes how much you are making and how much you
 depend on him. then your nephew who knows his way around the net and has
 agmbling habit tells you about HYIP...

You're just encouraging people on this list to trust these HYIPs. The
problem is that NONE of the HYIPs on this list, (or any other list), are
valid. The power of exponential growth is overwhelming. If someone needs
$150,000, that would be a one-time thing. Someone offering 45% interest
every three months is compounding 442% interest over a year. Over two years,
$100,000 will grow to 2 million. Over 3 years: 8.6 million. Over 4 years: 38
million.

If anyone could make this kind of return, they wouldn't need anyone else's
money, and they couldn't use the amount of money that people put into these
things.

Sincerely,

Craig (SnowDog)



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[e-gold-list] Re: Waay too much spare time!

2003-06-11 Thread SnowDog
Graham, I have to respond to this. It rubs me the wrong way. :)

 The issues are; We had 1000's of customers using OSGold... and nobody
 forced them to. We had multiple 1000's orders, IN/OUT/EXCHANGE, and
 nobody coerced/forced, or in anyway stood over these people. The
 ecurrency was real (in spite of what Jim Ray claims, and that laughter he
 mentions he was enjoying, was a direct result of OSGold failing, no
 doubt!)

1) No way. No how! There was no POSSIBLE way that OSGold was anything but a
scam, because they were running OSOpps, which paid 45% return on principle
every 3 months. Any and EVERY business which makes a claim like this is a
SCAM -- period.

2) They claimed to be 150% backed by gold!!! There is no way, no how, that
this is possible. This means that every time someone deposits $1000 into
OSGold, that the owners put in $500 of their own money. What would be the
point?

 Hey, OSGold had a dud CEO... so did Standard Reverse, in SPITE of all the
 good input by a part owner, e-gold. The issue is Reed scarpered with a
 sizeable amount of loot, and we all lost $$$. So did Elwyn Jenkins. So
 what! What do we learn here... ? Is the lesson to AVOID dealing in
 ecurrencies, altogether?

1) The Owners of OSGold were thieves, for the reasons outlined above. Plain
and simple.

2) IF Elwyn Jenkins is a thief, then he is by far a less obvious one. Elwyn
Jenkins may simply have been irresponsible. Same result -- different reason,
and if we could determine those who will be irresponsible before they lose
our money, then the better. However, there was no doubt with OSGold.

 The main point is the OSGold demand was customer driven. MANY existing
 ecurrency providers  pending ecurrency providers have spent 1000's of
 hours racking their brains over this issue... HOW did he get the people
  turnover?. The ones that can up with the answer, They were a scam,
 or, they were just a ponzi, or similar, are barking up the wrong tree,

Why are we barking up the wrong tree? They were a scam. They advertised a
scam. They gave the appearance of stability. They promised 45% return on
investment, every three months. What else do you think it was? Customer
service?!?

 but believe erroneously that they are right (is this the place to quote
 the bible verse, PRIDE goes before a fall?) Recently, e-gold hit
 records for numbers of spends per day. How many of those spends were for
 scams, ponzi's? Is e-gold exempt from scams, ponzis, just because they're
 gold backed? Gimme a break!

E-Gold does not run the scams. Big difference. Honest people do not steal
your money, and scams do. E-Gold is trustworthy. Those running scams are
not.


 Incidently, crazy failed BrightPay generated 21,000 customers in their
 first 5 weeks... e-gold took YEARS to get to the same level. BrightPay
 *were* on the right track. Pity about the weak CEO, had no business
 sense, we poured 1000's of hours trying to re-educate him in how to
 operate.

Graham, it's not possible to run a non-repudiable e-currencies which
supplies easy access to money, and you can't have a PayPal without the
repudiation headaches. The two are inseparable, and they always will be.

 Guys, find out what the customer wants, and give it to him. We are
 working on this ourselves, and e-gold definately needs to work on it as
 well. e-gold could certainly take a lesson from OSGold re: their MM
 customer service reps. OUTstanding service, nice folks, and good to deal
 with. AND very surpised when their boss ran off with the loot.

You can't have your cake and eat it too. Don't push a currency unless you
have confidence in it.

Take care,

Craig





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[e-gold-list] Re: Waay too much spare time!

2003-06-11 Thread SnowDog
 But  e-gold  also  allows  the  scams,  in the same way that those who
 helped  OSGold  to  withdraw their money by supplying debit cards, for
 example. Not more, not less.
 In other words... NO e-gold, NO scam.

 So,  IMO, if Graham or anybody else should be crucified, e-gold should
 be too.

In all fairness, I have to admit that this is a good point. Why didn't
E-Gold 'balance-limit' OSGold's account? I don't know.

Craig




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[e-gold-list] Re: because humans have 10 fingers ...

2003-06-05 Thread SnowDog
 on or about June 4 2003 7:29:04 PM GMT, the e-gold
 system had performed - for the first time in its
 existence - over  ** 100,000 ** e-metal spends in 
 the preceding 24 hours.

And the server didn't crash!!!

Craig




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[e-gold-list] Re: Surge in velocity

2003-05-30 Thread SnowDog

  Now it is 3:1 to 4:1.  I think this is a clear indication
  that something is changing in the way e-gold is being used.

[...]

 Come to think of it, a 2:1 ratio would make most sense, wouldn't it? The
 person who transacts and the person who checks to confirm the receipt.
 That would mean, that when e-gold first started either transactions
 consisted mainly of e-gold purchases - or alternatively, that people knew
 they can trust each other...

You have it reversed. There are 3 or 4 times as many transactions as there
are accounts being accessed.

Craig




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[e-gold-list] Re: Surge in velocity

2003-05-30 Thread SnowDog
 It is, as I said, dozens of companies who wish to make thousands 
 of very small payments to recipients, who want a wide variety of
 currencies.

Jim, can you explain how this process works? 

Craig




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[e-gold-list] Re: how to?

2003-05-30 Thread SnowDog
 Please will someone be kind and tell me how to reply to individual
 messages by email and how to create them via email instead of having to
 login to the list each time...

Log in to the list. Go to 'Your Settings', and change the settings so that
you receive email.

Craig




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[e-gold-list] Re: FUNDING MADE EASILY AND QUICKLY

2003-03-25 Thread SnowDog
  Prominence Bank (www.prominencebank.com)now offers funding and exchange
  services for E-Gold and Evocash customers.
 
  ALL FUNDS ARE TRANSFERED OR PLACED WITHIN 14 HOURS AFTER FUNDS ARE
  RECEIVED

 About 161 hours ago I placed an order through their website. So far I have
 not even received wire instructions, even after sending a reminder e-mail.

I bet you'd receive a quick reply if you were outexchanging.

Craig



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[e-gold-list] Re: A nonhuman player snags 70g of e-gold at TGC!

2003-03-22 Thread SnowDog
 What I did was for every possible initial hand, determine the best
strategy by
 adding up the payouts for all possible continuations and choosing the
strategy
 with the best average payout. This took quite a lot of computer time
(about 120
 hours on a pretty fast machine), but in the end I ended up with a list of
 strategy's that has a net advantage of 1.2%.

Thanks for the clarification!

Craig



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[e-gold-list] Re: A nonhuman player snags 70g of e-gold at TGC!

2003-03-21 Thread SnowDog
 Well... it's still queens or better, though they did implement some sort
of
 delay preventing a bot from playing too many hands too fast. They also
fail to
 mention that I also lost money from time to time, but overall the bot did
 indeed win.

There's no reason a bot should win. Even their version of Jacks or Better
takes more than the Vegas versions. There are no profitable games there.

They should be happy to have a bot play as many hands as possible, even if
every hand gives the bot an additional chance to win the bar. The bar is
only being given because they hope to win more money from those playing. The
more a bot plays, the more they should win -- bar or no bar.

 In fact, the expected payout given optimal play is about 101.2%. Of course
a
 human would not play perfectly, bringing it below 100% (and that's why
they
 probably offer it), but of course a computer can... And playing lots of
hands
 minimizes the risk of loosing money.

It's only 101.2% if played with the payouts in Vegas -- not at
TheGoldCasino.com.

Craig



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[e-gold-list] Re: theft from e-gold account

2003-03-20 Thread SnowDog
 What operating system do you have installed? What browser? What email
 client? Do you have a virusscanner? Is it updated frequently?
 Do you only visit the e-gold site only by manually entering
 https://use.e-gold.com/ in your browser address box? Do you have a
 secure password?

The only other thing I would add is that I always access my account through
the SRK mouse-click entry system, without exception. There are some trojans
out there which can log your key strokes and send them across the internet
to the thief who wrote the trojan, but I can't imagine how anyone could
capture your mouse-clicks using the SRK.

Craig



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[e-gold-list] re: Funding

2003-03-17 Thread SnowDog
 I have found their service to be very good and without flaw. They are very
 professional and I have never had a problem within their network.

How did you find them, since they are new to the internet?

Craig




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[e-gold-list] E-gold Usage

2003-03-14 Thread SnowDog
For the first time, the number of e-gold accounts with over 10 grams of gold
have exceeded 14,000. I count accounts with 10 grams or more, because I
think that 10 grams is an amount of e-gold which will definitely NOT be
abandoned by the owner as insignificant. Note, also, that there are now over
56,600 accounts with over 1 gram of e-gold. These are record high numbers,
though the bar count is still at 126, well below it's maximum.

Craig




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[e-gold-list] Re: E-gold Usage

2003-03-14 Thread SnowDog
 At 8:01 AM +1100 3/15/03, [EMAIL PROTECTED] wrote:
 If only thse 14,000 users could be reached,

 Reached how?

Jim, you shouldn't have asked! You know he's going to come back with, We
need to put pop-up ads on the login screen!

Craig






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[e-gold-list] Re: GetGoldNow - New Site Launched

2003-03-10 Thread SnowDog

 Dear Sir - Let me make a few things clear.  First off your order was with
 Akasha Gold Exchange, NOT GetGoldNow.  We are a completely different
 company.  We simply acquired Akasha Gold Exchange to shut them down.

When you acquire a company, you acquire their debts, as well.

Craig



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[e-gold-list] Re: Fraud Report

2003-03-06 Thread SnowDog
 The following People have been confirmed for illegal activity and
 fraudulent funds via E-Gold, PayPal and Brightpay
 
 1) Walter Cavanaugh - E-Gold # 756547
 2) Tove Morris - E-Gold # 717260
 3) James Anderson - E-Gold # 713430

How do you know these aren't stolen identities?

Craig



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[e-gold-list] Re: PayPal flaws

2003-03-02 Thread SnowDog
 the interesting thing is the mirror statement is true:

  4.  The value of my holdings doesn't fluctuate as it does with Paypal.
If
  I have AUG 100 in e-gold, it remains as AUG 100. And I don't have to
calculate
  dollars to grams.  As a retailer I have a simple process: I have a
product;
  you want a product; I sell you that product; you pay me for that
  product.  I don't want to know about USD, price fluctuations, etc.

However, as a US resident, I have to pay taxes is US dollars. When selling
products for gold, I have an incredibly difficult tax procedure to follow. I
have to calculate the value of gold in US dollars for each sale, when the
sale is made, as this is considered income on my income tax form. THEN I
have to enter the gold into a capital gains table so that when I sell the
gold and take payment in dollars, I can calculate the correct capital gains
tax.

It's very complicated.

Craig



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[e-gold-list] Re: PayPal flaws

2003-03-02 Thread SnowDog
 It is very easy to purchase a money order at the post office or grocery
 store and mail it to an exchange provider.  I don't understand why
 people think it's so difficult to fund an e-gold account.

It's a pain when you can buy the product from someone else who takes credit
cards. You don't have to buy the money order, wait for it to arrive at the
exchange service, (and sometimes it takes over a week), then take a loss of
a couple of percentage points when buying the e-gold.

 Many people
 do balk at the 2% - 5% fees, though.  Funny thing is, they're paying
 these fees all the time when they use a credit card -- merchants merely
 pass their merchant account fees onto their customers in the form of
 higher prices.

But it doesn't matter because merchants aren't allowed to offer discounts
for cash or other payment methods, when they accept credit cards. So there's
still a 2% - 5% additional fee when purchasing something with e-gold.

 I remember when gas stations offered cash discounts,
 but that doesn't happen as much now because people have adjusted to the
 hidden fees of credit cards, much as they have adjusted to hidden
 gasoline taxes and withholding of income taxes.  If they don't see it,
 they don't complain.

Not the case. Credit card companies have written into their contracts a
provision which requires merchants to offer their products for the same
price, regardless of whether it's purchased with a credit card or otherwise.
Those of you who sell e-gold for credit card payments should read your
merchant contract a bit closer. It should be in there.


 Generally, all you have to do to put $100 in an e-gold account is buy a
 money order for $105 and send it to an exchange provider.  If you don't
 like spending the extra $5, try bringing a sandwich for lunch one day
 instead of going out to a restaurant.  That'll put you about $2 ahead.

$105 for the $100 money order will yield what? About $95 of e-gold? It's not
a bargain.

There are places where revocable payments will rule the market. Such sales
involve relatively inexpensive items with high mark-ups. There are other
places where irrevocable payments are required: high value items like cars,
boats, and houses. These items require irrevocable payments. E-gold has a
chance here. Another area of interest is international trade. It is very
difficult for people living in third-world countries to sell their products
internationally, because no one wants their local currency. So banks charge
a high exchange spread to trade currencies for small countries, thereby
effectively imposing a huge tax on every purchase made for items in these
countries. E-gold has a chance here, as well.

E-gold's strengths are that it is irrevocable and international. It has a
chance for people who require payments with those attributes.

Craig



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[e-gold-list] Americonn.com

2003-02-23 Thread SnowDog
RJ, why are you bailing on Americonn.com? Not enough business?

Sincerely,

Craig



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[e-gold-list] Re: JP not posting??

2003-02-18 Thread SnowDog
 Also, if this is the case, could someone please post an accurate summary
 of the circumstances involved? I guess I missed it.

If I might hazard a guess... It's a pain to use. How many times do you make
a post and forget to put your password in place, or accidentally send your
password to someone whom you've cc'd, or accidentally quoted too many lines
in your post, or sent too many emails in one day. I get so many rejects from
this list, that I try to avoid posting to it.

I also try to avoid any email list these days which includes my email
address in my post. The GoldMoney list does this too, but my spam level is
now so high, that I'm probably going to have to abandon my favorite email
address. I have other email addresses, which I've had for years, through
which I have received NO SPAM -- ever -- because I don't post them on the
internet. It all comes from here and my website.

Craig



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[e-gold-list] Re: JP not posting??

2003-02-18 Thread SnowDog
 Craig, are you saying the archives of this list display e-addresses?  Or
 are folks grabbing e-addresses as members?

I can find your email address in your original message, and in the archive
here, (without loggin in):

http://www.e-gold.com/unsecure/lists.html

Craig



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[e-gold-list] E-gold SRK Broken

2003-02-02 Thread SnowDog
I'm trying to log-in to e-gold for the first time after maintenance
yesterday, and the SRK appears to be broken.

1) Using 6.0.2800.1106, Cipher Strength 56-bit, Update Versions SP1;
Q324929:

Using this version, the SRK refuses to come up and hangs the browser,
requiring me to kill it.

2) Using Netscape 7.01, everything appears to work, but the SRK box is too
small to accommodate all the numbers and letters, and it can't be stretched.
So, it's effectively useless if I have to select a letter or a number on the
right side, beyond the edge.

Anyone else? I use the SRK religiously. I think it's an ingenious tool. I
would hate to see it go. The login works fine when keyed.

Craig



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[e-gold-list] Re: E-gold SRK Broken

2003-02-02 Thread SnowDog
Thanks, Jay. A couple of notes:

1) I login everyday using IE, so it's seems quite a coincidence that it
would stop working immediately after your upgrade.

2) I don't usually log-in using Netscape, so that problem may have been
there for a while. However, I cannot resize the SRK window, and the
'maximize' button is disabled. I CAN, however, use 'ctrl-' to make the
letters smaller. That works!

3) I'm not sure how to upgrade IE to 128-bit encryption. I tried searching
the Microsoft site a couple of weeks ago, but could not find it.

4) After logging-in to e-gold, the security level reads 128-bit, green, so I
didn't think it was a problem.

Craig





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[e-gold-list] Re: E-gold SRK Broken

2003-02-02 Thread SnowDog
 1) I login everyday using IE, so it's seems quite a coincidence that it
 would stop working immediately after your upgrade.

It seems to be working fine now with IE. Maybe it was some kind of glitch.

Craig



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[e-gold-list] Re: E-gold SRK Broken

2003-02-02 Thread SnowDog
  3) I'm not sure how to upgrade IE to 128-bit encryption. I tried
searching
  the Microsoft site a couple of weeks ago, but could not find it.

 i thought any IE6 would be 128-bit, so that is a good question. maybe you
 are running under win2k and need this:
 http://www.microsoft.com/windows2000/downloads/recommended/encryption/

That's it! Jay! Thanks!

 before you do that, it might be interesting for you to report which
 internet gold related secure sites allow you to switch up to 128-bit mode
 and which
 ones leave you stuck at 56-bit mode :)

hehe... e-bullion doesn't step-up. The others do.

Thanks, again! You might want to put these references on your website.

Craig



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[e-gold-list] Re: Testing gold

2003-02-01 Thread SnowDog
 ... What I am
 wondering is, is there some easy test I can perform to tell if they
 are probably gold or partly gold? I don't want to look like a
 complete idiot if I take in lumps of brass or copper to be tested at
 a jewellers.

Measure the density. Measure the volume by inserting the gold into a
measured beaker. Then measure the weight, and calculate the density.

This is almost a sure test, since it would take a deliberate forgery, of
high quality, to fake the density.

Craig



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[e-gold-list] Re: How exchange providers do outexchanges (ESPs are buying the e-gold).. Is it normal to ask you copy after my passport ???

2003-01-27 Thread SnowDog
 Wasn't it normal to ask BEFORE receiving my e-gold? On which rules they
don't want to send my money now?

Why don't you just ask them to send the e-gold back to your account? Will
they do this?

Craig



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[e-gold-list] Re: Costagold,

2003-01-26 Thread SnowDog
 Yes, that could very well be !
 However, who would that have been paid out to ?

 According to information I just got following verification, the people
 who were defrauded by Costagold have not received anything...

This is one of those questionable operations. Didn't Costagold advertised
itself as a gambling game? If so, how could anyone have been defrauded?
Don't get me wrong; I can't stand those people who lie and defraud people,
but I have no problem with those who are honest and operate in jurisdictions
where this type of activity is legal. I don't know where the e-gold went,
but I think Omnipay was simply holding the gold for identification, before
completing the wire. I could be wrong.

Craig



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[e-gold-list] Re: Costagold,

2003-01-26 Thread SnowDog
I may have to stand corrected on Costa Gold. From reading some of the emails
in this user group,

http://ca.groups.yahoo.com/group/Global-Recovery-Group-how-to-join/

it looks like the money held by e-gold was recovered by the victims of the
Costa Gold operation. If true, that would be welcome news.

Craig




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[e-gold-list] Re: government devlops anti-IG weapon!

2003-01-23 Thread SnowDog
  Um, e-gold IS money. Just think about the nature of money. e-gold is
 money.

 We all agree on this, but it sure would not be considered as such in a
court
 of law,
 and therefore, ADL's argument would fall flat on its face

The Patriot Act considers it money, and references it as 'stored value'.

http://www.pfma.org/legislative/PatriotActArticle.pdf

Incidentally, the Patriot Act also requires reporting transactions involving
'stored value'. Wouldn't this apply to e-gold, for all US-based exchangers?
If so, the ADL's argument falls short here, because it's already regulated.

Craig




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[e-gold-list] MSBs

2003-01-23 Thread SnowDog
Here's a link describing a Money Services Business from the US government
website. It looks to me like exchange services qualify.

http://msb.gov/msb/index.html

Craig (Houston)




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[e-gold-list] Re: Crowne Gold

2003-01-14 Thread SnowDog
 The response was to Craig on why we do not give notice before the site may
 be down. When this thread started the site was down for 23 minutes. Hardly
 something to be warned about by a technician prior to this to warn the
 digital gold community who is not involved with Crowne Gold anyhow, except
 for the fraudsters who use the community to accomplish their fraudulent
 schemes.

When I made the post, I hadn't been able to access it for several days. The
reason it disturbed me was because I was considering buying some Crowne
Gold!

Craig



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[e-gold-list] The E-Gold Economy

2003-01-11 Thread SnowDog
Last year at this time, I did a Google search to try to determine which
areas of the general economy are using e-gold. Well a year has passed, and
now we can compare how the uses for e-gold may have changed throughout the
general economy.

General

1) I didn't do this generic search last year, but this year, the number of
results from the search term (e-gold) returns 101,000 hits.

2) (money e-gold)

2002 Results: 37,900 Now 39,600 (4% increase)

3) (web e-gold)

2002 Results: 32,600 Now 34,700 (6% increase)

Now, let's look for HYIPs:

4) (hyip e-gold)

2002 Results: 345 Now 2,150 (523% increase)

5) (investment e-gold)

2002 Results: 3,950 Now 8,850 (124% increase)

Casinos:

6) (casino e-gold)

2002 Results: 3,160 Now 3,940 (24% increase)

7) (game e-gold)

2002 Results: 4,340 Now 7,340 (69% increase)

Web Hosting:

8) (web hosting e-gold)

2002 Results: 2,440 Now 3,610 (48% increase)

9) (hosting e-gold)

2002 Results: 13,700 Now 10,900 (20% DECREASE)

Computer Related:

10) (hardware e-gold)

2002 Results: 1,870 Now 2,660 (42% increase)

11) (software e-gold)

2002 Results: 9,850 Now 15,400 (56% increase)

Now Shopping:

12) (shopping e-gold)

2002 Results: 6,130 Now 10,800 (76% increase)

13) (coins e-gold)

2002 Results 1,970 Now 2,190 (11% increase)

14) (crafts e-gold)

2002 Results: 606 Now 1,920 (216% increase)

15) (hobby e-gold)

2002 Results: 475 Now 1,950 (310% increase)

156) (auction e-gold)

2002 Results: 2,550 Now 3,870 (52% increase)

Books:

17) (books e-gold)

2002 Results: 8,690 Now 21,200 (144% increase)

18) (publishing e-gold)

2002 Results: 1,440 Now 1,930 (34% increase)

Commentary:

I'm disappointed to see the number of HYIPs increase so much. However, it
still appears that HYIPs and Investments are not the largest category. Using
these numbers strictly, Web Hosting is a larger category. Hardware and
Software sales are a larger category, as are Books, and Shopping. I was
particularly interested to see the number of references to Books increase so
much, as did Specialties and Crafts.

Please understand this is NOT scientific, but simply represents an
observation. The total amount of money transacted with e-gold cannot be
determined by category using this method.

Craig



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[e-gold-list] Re: Crowne Gold

2003-01-09 Thread SnowDog
 This is the final two weeks in this process. If the site is down it is due
 to the technicians need to have the site down during their construction
 process.

I don't have any gold in my Crowne Gold account -- but this is why!
Down-time, especially significant down-time, needs to be conveyed to the
users well in advance, and not just appear, out of the blue, with a message
following several days later.

Sincerely,

Craig



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[e-gold-list] Re: Return to gold standard

2003-01-08 Thread SnowDog
 GoldMoney and e-gold maintain this ratio at exactly 1 digital gram / 1
 physical gram.  The old US gold standard maintained this ratio at exactly
1
 dollar / 23.22 physical grains.

A gold standard, and fractional reserve banking are two different things.
The US has always had fractional reserve banking. I can't imagine that any
future gold standard would restrict banks from loaning out money. If banks
loan money, there's going to be fractional reserve banking, because the
people who borrow the money will put it in a bank and increase the reserves
in the second bank, though the money also exists in the accounts in the
first bank.

Craig



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[e-gold-list] Re: Return to gold standard

2003-01-08 Thread SnowDog
 Let's say I want to start a company that lends out actual e-gold grams on
a
 fractional reserve basis.  I take in e-gold deposits, and I then I lend
out
 ten times as much e-gold as I have on deposit.

 I can't really do this, can I?

That's not fractional reserve banking, (nor any kind of banking that I've
ever heard). In fractional reserve banking, you take in deposits, and then
loan-out 90% of those deposits, (say). The borrowers deposit the money in a
bank, (either same bank, or another bank), allowing THAT bank to loan-out
90% of the redeposited money, etcetera... Pretty soon, you have numerous
multiples of actual deposited money, held in various accounts.

Craig




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[e-gold-list] Re: Less-annoying settings (still somewhat-annoying...)

2002-12-17 Thread SnowDog
Hello Jim!

How about taking the sender's email addresse out of the message header, and
setting the message to both reply-to, and reply-from, the e-gold list, so
that the scammers can't identify with us? :)

Craig




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[e-gold-list] Re: Malaysia

2002-12-16 Thread SnowDog
 Are there any e-gold exchange providers in Malaysia? Also anyone providing
 exchange between e-gold and e-Dinar and other DGCs? Yes I know that e-gold
 and e-Dinar accounts used to be synonymous, but that is not so anymore.
Any
 information on how e-Dinar is progressing would be appreciated. Was the
 endorsement by Malaysian Prime Minister Mahatir Mohammed of the gold Dinar
 some months ago referring to the e-Dinar (or another gold Dinar which he
is
 sponsoring)? I see from the web site e-Dinar has incorporated in Malaysia,
 but still wants payments sent to USA for payment for credit to a Malaysian
 institution!

No exchange between e-gold and e-Dinar is needed. While each account cannot
be viewed on the other's website, Spends can still be done between any two
accounts. Right?

Craig



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[e-gold-list] Re: spacegold.com

2002-12-09 Thread SnowDog
 Yes, I understand that PayPal is a dangerous system...

I'm curious, though, why you are going to accept PayPal payments? Do you
believe that your security checks will be adequate to prevent any thieves
from sending you bad money, or do you simply disagree when we say that
PayPal is run by Beelzebub incarnate?

Craig



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[e-gold-list] Re: BAD EXPERIENCE: PAYPAL

2002-12-05 Thread SnowDog
I do however have ALL the funds in my account, did not pay the scammer his
last payment so I still have a 33% profit on this deal. I do not like my
paypal to be blocked though.

Note that PayPal will reverse the ACH transactions to your bank account, as
well. To stop this, you need to go to your bank.

Craig



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[e-gold-list] Re: [dgc.chat] no trick

2002-12-02 Thread SnowDog
 Leaving aside for a moment the fact that there are no
 Norfed Dollars, but there are Liberty Dollars which have
 a relationship to the NORFED organization, let's ask
 what you think a US dollar is: what do you think a US
 dollar is?

When I used the term 'Norfed dollars' and 'US dollars', I'm merely trying to
draw a distinction between the two different currencies, leaving aside the
precise definitions.

 If you mean by US dollar the item circulated by the
 Federal Reserve System, then you should perhaps use
 Federal Reserve dollar.

Incidentally, are there not US dollars in circulation which were not created
by the Federal Reserve System? I thought that all treasury notes, and coins
were also considered US dollars, but were not on account at the Federal
Reserve.

Craig



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[e-gold-list] Re: Norfed Disclaimer

2002-12-01 Thread SnowDog
 There is a law against uttering money.  There is also the Civil
 War circuation tax with which Lincoln drove private money out of
 circulation.

I don't think those laws exist anymore. I spent about 15 minutes looking
through the US Code -- Title 31 is the relevent section -- and could not
find any reference.

http://www4.law.cornell.edu/uscode/

Craig (SnowDog)



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[e-gold-list] Re: Norfed Disclaimer

2002-12-01 Thread SnowDog
 TITLE 18 , PART I , CHAPTER 25 , Sec. 486.
 Sec. 486. - Uttering coins of gold, silver or other metal
 Whoever, except as authorized by law, makes or utters or passes,
 or attempts to utter or pass, any coins of gold or silver or other
 metal, or alloys of metals, intended for use as current money,
 whether in the resemblance of coins of the United States or of
 foreign countries, or of original design, shall be fined under
 this title or imprisoned not more than five years, or both.

Fascinating, but it looks to me like the key clause is 'intended for use as
current money'. If the money is being passed-off as US Dollars, then it
looks like the law is being broken. All of Chapter 25 is concerned with
counterfeiting and forgery.

 On the circulation tax, David Hillary seems to have been closer
 to right than my poor memory.

 TITLE 12 , CHAPTER 4 , SUBCHAPTER II , Sec. 541.
 Sec. 541. - Tax on circulating notes generally
 In lieu of all existing taxes, every association shall pay to
 the Treasurer of the United States, in the months of January
 and July, a duty of one-half of 1 per centum each half year
 upon the average amount of its notes in circulation

In lieu of all existing taxes... ??? Doesn't this just apply to national
banks?

Craig



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[e-gold-list] Re: Goldnow privacy

2002-11-30 Thread SnowDog
I'd like to add my opinions to Ben's comments:

 I have to agree with Steve here. Who are you to claim that people who
 want to buy e-gold from you 'might' be 'laundering' money (whatever
 that means) without some clear proof.

Because if they are laundering stolen money, then the bank will probably
reverse the charge, or threaten to close your bank account if you do not
return the money.

 And how would them identifying
 themselves stop the laundering from happening? Do you think that
 organised crime, terrorists, spies, crooked accountants etc. can't
 fake documents or acquire them illegally or legitimately? If (as
 seems to be the case) most market-makers seem to accept faxed copies
 of IDs, that is no protection at all from fraud in these days of
 desktop publishing.

Most thieves aren't good at faking documents, surprisingly. Moreover, if the
thief is in a civilized country, the police there will likely cooperate if
you can identify the thief's address. My experience has been that thieves do
NOT want to be identified.

 Are you prepared to identify yourself to customers to the same
 levels? After all, you are the one accepting funds from your
 customers. Can you send me a notarised copy of your drivers license,
 passport, birth certificate and voter's registration papers? I might
 want to do a police check on you to see if you are reliable enough to
 send my funds to, would you sign an authority to allow me to do so?

The customer is not at a serious risk. If the customer sends his money to a
bad exchange service, then the customer will lose the money he sent. If the
exchange service fails to identify his customers, he will lose THOUSANDS,
and could be financially ruined.

Craig (SnowDog)




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[e-gold-list] Norfed Disclaimer

2002-11-30 Thread SnowDog
Check out this disclaimer, from the Norfed website:

Disclaimer: Gold  Silver Libertys are neither legal tender, money,
current money nor coins; they are not minted, issued or approved by any
government agency; do not generally circulate; are not intended to
circulate; and do not relate to taxation or avoidance of taxation. They are
privately minted one-ounce gold  silver examples of the goods on deposit
for the NORFED warehouse receipts.

What is legally wrong with saying that a Silver Liberty is:

1) money?

2) a coin?

3) minted?

4) intended to circulate?

Isn't a Silver Liberty minted as coin money, and intended to circulate? Is
there some law against creating coin money for this purpose?

Craig



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[e-gold-list] Re: Moderator message, please read. Re: ahahahahaha !!!!!!!!!

2002-11-29 Thread SnowDog



 Folks, I know the emotions are high these days, but if we could
 leave off the profanities I won't be forced to moderate. Thanks
 in advance for expressing yourselves strongly-but-civilly. Also,
 I hope that few-not-many messages to this list will become the
 last-not-first resort, when people have issues with exchange
 services. Thanks to all for your cooperation in remembering
 this is a family list.
 JMR -- wearing my moderator-hat.

Jim, you should kick that guy off of the list for impersonating Graham
Kelly. That's illegal behavior.

Craig



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[e-gold-list] Re: [dgc.chat] Liberty Dollar Debuts Online!

2002-11-22 Thread SnowDog
 Just to bring this thread back to its subject heading, for fits
 and giggles, I learned today from Bernard von NotHaus that the
 Liberty Dollar has now exceeded $3 million in circulation in
 silver pieces, paper warehouse receipts, and digital warehouse
 receipts.  Still places third among free market money, behind
 e-gold and e-Bullion.

How so? Their last audit only shows about 45,000 ounces of silver, and 25
ounces of gold, in circulation.

http://63.126.1.222/audits/2002%20Audits/September%20Audit%202002.asp

Craig



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[e-gold-list] Re: [dgc.chat] Scope of the Free Market Money Economy

2002-11-21 Thread SnowDog
 The audit represents a count of the silver and gold in the
 warehouse against which any form of warehouse receipt, paper
 or digital, has been issued.  The audit does not offer to
 account for any of the gold or silver pieces which have been
 purchased and placed in circulation separately.

Are you sure, or are you speculating?

[This question is not meant to detract from the otherwise excellent
analysis.]

Craig



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[e-gold-list] Re: Promoting the gold economy/CAPULIN for Grams

2002-11-01 Thread SnowDog
Hello again!

Can you elaborate on this please? I am curious.

 I'll never ever make up the losses incurred using e-gold's very flimsy
 security for shortwits, but I'm still here and enjoy reading the mostly
 idle chatter.

How is the security with e-gold flimsy?  and How have you lost money?

Thanks,

SnowDog



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[e-gold-list] Re: Promoting the gold economy/CAPULIN for Grams

2002-10-31 Thread SnowDog
 So if you could even come up with an actual dollar amount conversion
 such as $'s for net grams in Net $'s out. I'll deal with the
 greatly fluctuating cost factors of shipping and ?

 Is this making it more complicated or less?

Now you've gotten me interested in the problem, but I can't seem to figure
out what the problem is. If a customer sends you $100 in e-gold, then note
that E-Gold will remove (1% of the transaction, up to 50 cents USD maxium).
Then if you have Omnipay send you a check, they will take one dollar USD. So
your check will be about $98.50, if the price of gold does not change.

If the customer sends you 10 grams of e-gold, then convert this to ounces
with the ratio '1 oz. troy = 31.1034768 grams', and then multiply by the
price per ounce,

10 / 31.1034768 * $317.10 = $101.95

From $101.95, subtract the 50 cents, and then the $1 for Omnipay's check,
and the final total will be $100.45.

Note, that the price to the customer will generally be just 1 percent less
than what he sends to you, if you compile several payments into one before
taking Omnipay's check.

SnowDog


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[e-gold-list] Re: Promoting the gold economy/CAPULIN for Grams

2002-10-31 Thread SnowDog

 Almost there was a $6.20 drop per and I don't know what storage was
 either?

Well, the $6.20 drop per ounce will lead to:

.38022 * 6.20 = $2.36 (but you may not want to include this calculation
since it could have gone the other way, too, and increased your return)

The storage fee is only 1% per year, so that would be $1.21 per year.

So the total is $119.30 - 2.36 = $116.94 (not including the storage fee of
1% per year)

SnowDog



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[e-gold-list] Re: New Merchant to E-gold but I have a question.

2002-10-21 Thread SnowDog

 We are a new merchant to E-gold.  Are you saying that if we accept E-gold
 for payment on our website for our services, we won't be able to take that
 e-gold and get a check for it?

Sure, there are a host of exchange services which will buy e-gold from you.
I keep a list here:

www.golddirectory.com/e-gold.htm

Also note that www.omnipay.net is an exchange service run by the same people
who founded the e-gold system, and they'll send you a check for only a $1
postage and handling fee.

Craig



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[e-gold-list] Re: X-changer promoting chain letter??

2002-09-02 Thread SnowDog


 London Gold Exchange is sending out a newsletter
 promoting some chainletter deal.
 I do not care what gimmick they promote as long as they do
 not push it to their exchanger client list.

How do you know it's from London Gold Exchange? There is at least one
scavenger out there sending out spam disguised as being from legitimate
entities.

Craig



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[e-gold-list] Re: problems connecting to egold servers

2002-08-21 Thread SnowDog

 I am not able to spend  e-gold right now.
 Some of my referrals even can not see the balance.

It's been getting worse the past few months. I have a very difficult time
checking my balance, and doing spends, these days.

Time for a new Server? Maybe a Distributed Processing Rewrite?

Craig



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[e-gold-list] Re: [dgc.chat] localised tax systems the Jews

2002-08-16 Thread SnowDog

 Concentration camps?  Surely you don't mean the types used in
 Nazi Germany.

http://www.godwinslaw.com/

Craig (SnowDog)



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[e-gold-list] Re: E-Bullion

2002-08-13 Thread SnowDog

IF anyone has not changed their password to their E-Bull account, and
 cannot get into the system, contact the admin at e-Bull.  Great people and
 very responsive to clients.

Just did. Excellent customer service!

Craig (SnowDog)



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[e-gold-list] E-Bullion

2002-08-12 Thread SnowDog

Can anyone else get into their E-Bullion account now? It would do my heart
good to know that it's a system error.

Craig




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[e-gold-list] RE: [dgc.chat] Re: Question???

2002-08-10 Thread SnowDog


 I think your new policy http://www.goldmoney.com/en/cap.html is much
 better than the previous one where every account holder was required to
 mail ID. It seems relatively easy to comply with and does not overly
 inconvenience people who only want to carry out small transactions.

Wow, does this policy apply now? Is there a grandfather clause? What if I
have to remove more than 50gg Next Week?

Craig (Snowdog)



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[e-gold-list] Re: Reuters article

2002-08-02 Thread SnowDog




 http://www.reuters.com/news_article.jhtml?type=searchStoryID=1286489

Perfect timing with PayPal withdrawing support for online casinos.

Craig



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[e-gold-list] Re: We can fund your debit cards!

2002-07-29 Thread SnowDog

 To purchase e-gold all I had to do was enter my debit card
 number on the site.

This is the problem with debit and credit cards, and why few, (if any),
exchange services will take them. On the internet, everyone can be
essentially anonymous, and there are numerous thieves with access to debit
and credit card numbers. With just a number to accept payment, a large
number of forged charges occur when this type of payment is accepted, which
fall back on the merchant. E-gold, and other digital currencies, provide a
quick way for a thief to transfer payment anywhere in the world. Should a
thief be able to buy a digital currency with a forged charge, then he could
have the money in his local back, anywhere in the world, within a day or
two. This makes it essential that those who take payment for these types of
currencies, be absolutely certain that the payment is good. The Post Office
is more protected in this regard, because they can check ID and photograph
the buyer. A physical transaction greatly reduces the numbers of those who
would forge a charge. Likewise, a thief doesn't want to purchase physical
merchandise with a forged charge, because there will be a physical trace
with him. Those who sell physical merchandise have low fraud rates. However,
a thief buying a non-physical good can do so from anywhere in the world,
even in jurisdictions which do not process this sort of crime. Hence there
would be a large fraud rate in the sale of digital currencies, if exchange
services did not take hard payment. Would you buy an expensive gold watch
from a dealer in Malasia, on the condition that the watch would be shipped
after you sent $1000 in payment? It's the same problem.

An exchange service can convert a hard payment to a softer payment, and
hence can fund your debit card or PayPal account with your hard payment.
However, an exchange service cannot perform the transaction in reverse
without being targetted by internet thieves.

Sincerely,

Craig (SnowDog)



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[e-gold-list] Re: We can fund your debit cards!

2002-07-29 Thread SnowDog

 Well then I guess I'm just doomed to eating in expensive restaurants to
have
 my card swiped by a smiling waiter with a handheld reader on his belt that
 is disguised to look like a pager so he can sell my account to the mob for
 ten or fifteen dollars. Then I can give him a generous tip and wait until
 later to discover that someone has cleaned out my ATM from halfway around
 the world. It doesn't get any better.

He would need a pin number to clean out your account with an ATM. That's
what he wouldn't need with an internet transaction, and why the ATM
withdrawal is harder to reverse.

Craig (SnowDog)



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[e-gold-list] Re: New (old) e-gold tshirts -- FREE*

2002-07-26 Thread SnowDog

 My apologies for our model (at least he was cheap!).

Actually, get rid of some gut, keep the sunglasses on, and you look pretty
sharp. (PS: I'm not gay -- not that there's anything wrong with that.)

Craig



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[e-gold-list] Re: Very low velocity?

2002-07-22 Thread SnowDog

 I don't look at the e-gold velocity stats very often but isn't the
 current velocity incredibly low?  It's currently at about $650,000.00.
 Hasn't it typically been much higher?  Again, I don't have much
 historical reference, but I recall velocities of 3 or 4 million in the
 past!

It hasn't been 3 or 4 million in a while, but even when it was, velocity
always dropped significantly on Sunday, into Monday. $650K is about right
for a Monday morning, these days.

Craig



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[e-gold-list] OSGold

2002-07-13 Thread SnowDog

Didn't OSGold start in January, 2001? If so, it lasted about 18 months.

As of 07/12/02 OSGOLD operations will suspend all activity for a period of
90 days or until the expected funds are released. This will give all
principals the time needed to reorganize under current laws and regulations
which have changed in the past year.  Please do not expect more information
from staff members. They are not privy to the Board of Director's
discussions or activities.

Craig



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[e-gold-list] OSGold Updates

2002-07-11 Thread SnowDog

From the latest information at www.onegroupe.com, I had thought that the
managers were still maintaining a pretense of propriety. However, with
yesterday's update, it now appears that this pretense is put out solely by
whatever staff they had working for them, and that the principles have
already gone to Tahiti.

While we do apologize for the lack of new information in our recent
updates, this is a direct result of the lack of support and communication
from the OneGroupe Board of Directors.

Craig



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[e-gold-list] Re: [dgc.chat] Audit?

2002-07-09 Thread SnowDog

 Um, what makes you think there has ever been a third party audit of
e-gold,
 ever?  I don't see it anywhere.

There was an audit on Feb 22, 2001. They removed the document when they
changed the Examiner Page.

Craig



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[e-gold-list] Re: [dgc.chat] EVOcash as an ecurrency

2002-06-18 Thread SnowDog

 That's not the (only) thing you look at. Since Standard Reserve and OsGold
 are (were (in the case of Standard Reserve)?) e-metal currencies and you
 decide not to work with them.

Has anyone EVER redeemed any gold from OSGold? 

Craig



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[e-gold-list] Re: Pd question/contest

2002-06-18 Thread SnowDog



 Does anyone here know about how much palladium there
 is (known reserves, plus metal above ground, I guess)?
 I looked a bit on google, and found not-much (but saw
 a few mentions of e-gold even when I wasn't searching
 for it, which was cool!).

The closest I come is with this:

SUPPLY: South Africa and Russia were the world's leading producers of
platinum group metals in 1998, according to Johnson Matthey Ltd., accounting
for much of the 5 million ounces of platinum, 7.2 million ounces of
palladium and 490,000 ounces of rhodium produced worldwide, as well as other
PGMs.

found here: http://www.amm.com/ref/platgrp.HTM

The number of 7.8 million ounces, world-wide is found again here:
http://www.napalladium.com/supply.html

Also, from here, we can find the relative rarity of the different metals:
http://www.gold-eagle.com/editorials_01/poitras022801.html . It is stated
that palladium is about 2.5 times more abundant than gold.

Craig




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[e-gold-list] Re: what a joke ..

2002-06-16 Thread SnowDog


 Is this crap

 http://www.standardreserve.com/

 gonna affect e-gold badly?

I thought Standard Reserve had signed-up a cruise line last year, with
60,000 employees as customers. They were quite excited about it, at the
time. If they did sign them up, I imagine another lawsuit from these guys
would be forthcoming, as well.

Craig



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[e-gold-list] Re: redemption

2002-06-15 Thread SnowDog


 I am ready to redeem some of my egold. Forgive my ignorance, but could
 someone describe to me how to withdraw egold and convert it into US
 dollars?

You have to sell your e-gold to an exchange service. I keep a list here:
www.golddirectory.com/e-gold.htm. There is also a list on the e-gold
website, at http://www.e-gold.com/unsecure/links.htm.

Craig



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[e-gold-list] Scotia Mocatta Delivery Orders

2002-06-12 Thread SnowDog

Notice that the items in Switzerland are not listed as bars of gold, but
rather, Scotia-Mocatta Delivery Orders.

The MDO

The Scotia Mocatta Delivery Order (MDO) offers overseas or domestic storage
of precious metals. Domestically, the metals are stored in Delaware
Depository Services, Wilmington, Delaware. Overseas storage is at Mats
Securitas Express, AG, Zurich, Switzerland.

MDOs are offered in gold, silver, and platinum. Certificates are pre-sized
to specific quantities of specific types and forms of metal.

Is this correct? If so, can someone describe the difference between the gold
stored at JP Morgan/Chase in London, and these MDOs in Switzerland?

Craig



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[e-gold-list] Re: Shenanigans with e-gold

2002-06-12 Thread SnowDog

 So to answer your question:
 People use E-Gold, because they can - without fear of being tracked.

E-gold does provide a very convenient way for Law Enforcement to track and
prosecute these criminals, since all of their activity is maintained in the
central database -- but Law Enforcement won't do it. Yet, people seem to
want E-Gold to take-on this responsibility.

Craig



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[e-gold-list] Re: e-gold for sale THIS IS A HUGE SCAM ASSISTANCE NEEDED

2002-06-07 Thread SnowDog

 Good Paul (or better Pavel Zarva??), you are operating under a moniker and
 expect trust A real name which points to a post-communistic
 individual?

I'll vouch for Paul's integrity, with the observation that he's been running
his business for almost a year, or so, (maybe longer), without any serious
problems. That's quite an indication of trust. I will also say that I've
never heard of First Digital Bank, either, and given that its representative
seems to make personal attacks, I would be far less likely to suspect that
this individual has the honesty and integrity for which he seems to strive.

Sincerely,

Craig



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[e-gold-list] Re: Missed opportunity

2002-06-06 Thread SnowDog

 Well, Lew is at it again.  Gary North writes:

  http://www.lewrockwell.com/north/north107.html

 and leaves out any mention of digital gold.

I've spoken to Lew Rockwell twice, at two of Ron Paul's birthday parties,
and even gave him an E-gold pen, but he is quite opposed to the concept, for
some reason.

Craig



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[e-gold-list] Re: who should hold the gold, JP?

2002-06-05 Thread SnowDog

 (By the way, it is more than a bar of gold, right?  So, your
 theory, and Snowdog's theory, that e-gold buys a bar of gold
 and has more than enough sometimes is, I think, mistaken. If
 that were the only reason for the discrepancy, there would be
 less than a bar of gold difference, not more than one bar
 difference.)

E-Gold does NOT buy gold. Moreover, when Omnipay bails bars of gold into the
e-gold system, those bars are treated as liabilities of E-Gold LTD, because
the Omnipay account is just like any other customer's account.

Craig



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[e-gold-list] Re: [dgc.chat] e-gold trust confusion unnecessary

2002-06-04 Thread SnowDog

 It seems to me to be quite simple in the discreprency. the e-gold trust
 has in fact purchased more gold than they are liable for, to cover all
 liabilities, and to cover future liabilities when the time arises. It's
 much simpler to buy 400oz bars at a time, than it is to divide gold to
 two decimal points, simply because some people are confused.

E-Gold doesn't purchase gold. The discrepancy is from storage fees,
accumulated over time.

Craig



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[e-gold-list] Re: [dgc.chat] gold assets

2002-06-04 Thread SnowDog

 *** CONCESSION 

 You know, it seems like the Trust could easily avoid this whole issue by
 simply holding these other liabilities IN E-GOLD ACCOUNTS.  Just take
the
 19,106.21 gg and divvy it up into some new accounts.  Boom!  Assets =
 Liabilities to e-gold account holders.

But you couldn't do that and list the liabilities of E-Gold LTD. E-Gold LTD
cannot have a liability to itself. What people seem to be saying is that
they want to see the Left Side equal the Right Side. However, the ONLY way
the left side could equal the right side is if the balance sheet was showing
the assets of the Trust, and the Total amount of gold in circulation. This,
however, is NOT what's being presented. What we're seeing is an itemized
list of the Assets of E-Gold LTD, and their Liabilities. No matter how you
look at it, they have MORE assets than liabilities. Most people would think
this is a good thing, but everyone seems to want it to balance, and it just
won't as long as we're talking about E-Gold LTD. This is the way it should
be. It's quite normal.

Craig



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[e-gold-list] Re: [dgc.chat] gold assets

2002-06-04 Thread SnowDog

Hey Eric!

Welcome to the argument from hell! :)

 What we're seeing is an itemized
  list of the Assets of E-Gold LTD, and their Liabilities. No matter how
you
  look at it, they have MORE assets than liabilities.
 (end snip)

E-Gold LTD has a liability to their customers for the e-gold in their
accounts.

In the past, E-Gold has told us that they have no liabilities and no bank
accounts. However, it's obvious that they owe us the gold. They can't escape
that liability, and that's not what they intended to say.

Here's something else, too. Let's say that they DID create a sheet showing
two columns: one showing the total amount of gold in the Trust; and the
other one showing a balanced list of all the e-gold in all the accounts. Is
this what you want? NO! This wouldn't tell us anything about their
stability, IF E-Gold LTD had other liabilities which could conceivably, (in
a court of law), draw a claim on the gold in the Trust. They're doing it the
right way. They're showing us that they have MORE THAN ENOUGH gold to cover
their liabilities to their customers.

Craig



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[e-gold-list] Re: [dgc.chat] e-gold trust confusion unnecessary

2002-06-04 Thread SnowDog

 E-Gold doesn't purchase gold. The discrepancy is from storage fees,
 accumulated over time.
 
 Craig

 Dear Craig,

 I never said e-gold. I said the e-gold trust.

Hello Tristan!

I didn't mean to be so abrupt. However, the Trust does not purchase gold,
either. The only entity that purchases gold is Omnipay, and the gold is
reconciled with e-gold which is put into their account.

Moreover, the balance sheet in the Examiner lists assets and liabilities of
E-Gold LTD. I think it makes perfect sense. Assets = Liabilities + Equity.
They're simply not listing their equity. I don't think there's any reason to
speculate that there are other liabilities or assets that are not listed.
E-Gold has said, on numerous occasions, that they have no bank accounts,
(hence no additional assets), and that the gold is kept free from any
liability, (which is quite clear that they mean a liability OTHER than the
customers' accounts), so I don't understand why this is so hard to grasp. It
can't be done any other way, under E-Gold's governance model. The gold is
owned by E-Gold; it is not owned by the customers, but exists as a liability
on their books.

Sincerely,

Craig



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