>
>
>Subject: Warning on scam using e-gold
>From: [EMAIL PROTECTED]
>Date: Thu, 12 Oct 2000 23:36:22 -0700
>X-Message-Number: 2
>
> It appears that someone is once again using e-gold for a 'gifting'
>club scam. This is disquised as a loan program, but without any hope
>of refund. This surfaced at the Scam Free Club website and I am
>reporting it here in hopes that someone at e-gold might take action.
>This is the URL:
>
>http://www.FastEgold.bizland.com/
>
> We have to stop things like this to protect the name of e-gold!
The "downside" to freedom is that some people will exploit it. That's
the price we have to pay. And it's worth it. Instead of trying to get
e-gold to be global scam police, what is needed is some "trust"
system where e-gold users can go and check out another e-gold outfit,
and read other e-gold users' ratings on things like reliability,
service etc.
The answer to potential scams is to provide good flow of information
- and use a market solution to do it.
As for e-gold being offshore - brilliant idea!
Any transaction system that offers privacy will attract dubious
characters, but that's no reason to eliminate the privacy in order to
stop the dubious characters.
Ian
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