[e-gold-list] Re: Who IS this sage? LOL
Umm, sorry to argue with this Graham but it is you who failed to see the utter obvious link with Osgold and Osopps (where is your DD skills?) ...the firm owned by Osgold was paying 30-40% per month on clients money...loading up their osgold accounts with totally worthless digital onscreen funds - yes there were many transactions making them money but the money was all made up Graham - and the stuff that wasnt made up was ponzi funds from the osopps clients! The single and only REASON why it failed was CEO Reed eventually scarpered with the bucks. No. the reason why I would believe, was they were running into many different problems no doubt and when problems occur in these scams people want out, and when people want out the sh!t hits the fan...the US$ may be going through the same problems as OsGold :) It was the staff or the CEO of osgold who decided it was better to run with the funds before they had to pay out all the inflated osopp funds to clients. They like the US government were pumping out worthless osgold $$$ via osopps scam. It is not a cold hard rule that ponzis breakdown after months Graham, internet scams like Osopps, Stockgenration can last for years - especially when the going is good as it is easy to pumpup digital online accounts - but the difference is when people start seeing problems and decide to withdraw. the cards then start tumbling fast. Ponzis like Government social security ponzis can last for decades... OSGold, as an ecurrency, was very successful. Yes, only due to Osopps scam really. the entire website was unprofessional, the system was basic, but the greed got the better of everybody with the osopps scam. You were kept busy not for the funding of Osgold, but by people funding osgold for the purpose of making quick cash from Osopps fiasco. Competitively, e-gold admin must have sighed a collective sigh of relief when OSGold failed. That is probably why they banned it from their services - they knew these guys were scammers like most of the exchangers did. ... he actually had a licence to print serious money! They did print it. There was just nothing backing it! Being SO wise after the event...is that any sort of wisdom at all? Many wise people did not lose $50,000 to OsGold. Unfortunately you did. The writing was always on the wall with this group it just was unfortuanate you took such a big hit. -- ___ Sign-up for your own FREE Personalized E-mail at Mail.com http://www.mail.com/?sr=signup --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
[e-gold-list] Re: Who IS this sage? LOL
It never ceases to amaze me how after all these years, Graham still has such a limited understanding of how these internet currencies and ponzi scams work! he says: : The single and only REASON why it [OSGold] failed was CEO Reed : eventually scarpered with the bucks. Can't you see Graham, there were NO BUCKS LEFT to scarper with! The ponzi scam had used up all the money... all the issued OSGold was worthless for a LONG TIME before the fiasco crumbled. The only thing that kept it alive as long as it lasted was because people were not redeeming their OSGold, but were putting it back into the ponzi... as soon as enough people decided to pull their cash out, that was the end. : OSGold, as an ecurrency, was very successful. Nonsense, as an e-currency, OSGold was an absolute disaster. As a payment mechanism to extend the life of the scam it was highly successful. Certainly, for the vast majority of the time that OSGold operated, the currency was probably almost worthless, because there was no substance behind it, the people holding OSGold simply didn't (want to) realise this. : Indeed, what amazes me is that Reed was getting 50c from every spend. : Potentially, he was not only sitting on a gold mine, he actually had a : licence to print serious money! I wonder why he scarpered with only the : few millions he stole? Obviously, he was thinking sort term gains only. Nope, again you demonstrate your lack of understanding of the situation. The money was gone on the payouts to the early winners... then reed saw the wheels were falling off and he ran... I bet he had very little money left to run with. How do you know he got away with a few million? I doubt very much whether you will understand this because I have explained this to you at least twice before. I too share Craig's wonder at your motives, do you really not understand this, or is it merely convenient to pretend? Sidd. --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
[e-gold-list] Re: Who IS this sage? LOL
Certainly, for the vast majority of the time that OSGold operated, the currency was probably almost worthless, because there was no substance behind it, the people holding OSGold simply didn't (want to) realise this. exactly. Greed got the better of many. Graham, you had better lay off this post as it really does show your inability to understand the mechanics of a digital currency and also the way these scams work. Just because one says to you there currency system is great, has lots of backing (150% gold :) and is doing 1000 transactions an hour does not make this system a winner. It is very simple to create an illusion on the internet and one has to look at why the currency is busy (or even if it is) or how is it making its transactional income etc? If the system like Osgold blatently states it runs a ponzi..then run for the hills before they do. -- ___ Sign-up for your own FREE Personalized E-mail at Mail.com http://www.mail.com/?sr=signup --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
[e-gold-list] Re: Who IS this sage? LOL
At 8:25 PM +1200 6/11/03, Graham Kelly wrote: transactions were completed in this time. It was the only ecurrency that actually came close to competing head to head with e-gold. Competitively, e-gold admin must have sighed a collective sigh of relief when OSGold failed. ... As I kept saying at the time (see archives!) the sound was laughter. I have had respect for some competitors, but I never showed ANY respect for OSgold (see archives) and neither did anyone else 'round these parts. You can keep asserting it all you want, but it's never been true, Graham. Craig (Snowdog, see the archives) was REPEATEDLY doing the math on their OSopps scam -- LONG after e-gold booted you (and the other sellers of that crapola!) off their site -- to many whines (see archives). e-gold was prescient in that action, and nobody who whined has ever apologized (again, see the list archives) and/or said hey, maybe e-gold was RIGHT to distance themselves from that scam, since essentially 'OSgold' as a currency was a way to keep one Ponzi from getting slapped with a value limit. Not apologizing's ok, distorting the facts isn't. I repeat, I *NEVER* showed that scam any respect (see archives!). If another scam-currency comes along with its own Ponzi and its own Laurie Dyke to claim 150% backing or some nonsense, I'll disrespect _THEM_ next! I'm old enough at this point that I'm unlikely to change, and nobody would believe me if I tried. JMR --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
[e-gold-list] Re: Who IS this sage? LOL
On 11 Jun 2003, at 21:01, Sidd wrote: I doubt very much whether you will understand this because I have explained this to you at least twice before. I too share Craig's wonder at your motives, do you really not understand this, or is it merely convenient to pretend? A very good question! It baffles me. How can anyone run such an apparently substantial and successful business with so little understanding? Even after all this time he still, apparently, has no idea what OSGold was all about! Best, CCS -- - Virtual Phonecards - Instant Pin by Email - - Large Selection - Great Rates- - http://speedypin.com/phonecard/start.html?af=743 - -- ** * Craig Spencer * * [EMAIL PROTECTED] * ** --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
[e-gold-list] Re: Who IS this sage? LOL
From: Sidd [EMAIL PROTECTED] Can't you see Graham, there were NO BUCKS LEFT to scarper with! The ponzi scam had used up all the money... all the issued OSGold was worthless for a LONG TIME before the fiasco crumbled. The only thing that kept it alive as long as it lasted was because people were not redeeming their OSGold, but were putting it back into the ponzi... as soon as enough people decided to pull their cash out, that was the end. Did OSGold actually buy back the currency? Or did the exchange providers buy OSGold from customers with the funds sent in by new OSGold buyers? OSopps could pay those returns to early investors and still have money to run with if the exchange providers were responsible for cashing in the OSGold credits that were paid out. - John --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
