At the end of this note there was an interesting comment/question?  What can
be done?  An ethics code, BBB, etc. would be nice, but the real problem is
the participants.  It seems to me that not only e-gold, but the entire
internet, is prone to scams because everyone on the internet has an
immediacy to everything.  Every investment must have an immediate turn
around, and always a proft.  This is not just ignorance but stupidity, but a
BBB made up of stupid peole will not protect the stupid people.

I just get mildly frustrated at times because tools like this list could be
so handy for helping people to get togehter, "network", exchange "useful"
ideas, and maybe even do business together.  But all it is a soapbox.  I
think the situation would get better if there was real familiarity, but that
is impossible on the internet.


On Sat, 16 Dec 2000 12:56:40 -0500, CCS wrote:

>  You ask very good and important questions.
>  
>  > Why does this list cater to such blatant fraud?
>  
>  I don't know that the list caters to fraud.  But it certainly
>  seems to attract gullible people and the people that prey
>  on them.
>  
>  > Is it the nature of people who invest in Gold and view the capital 
>  > markets as overvalued?  Is it just that the "Offshore" and "Gold 
>  > Backed" world is prone to wackos??? ...  And I am curious as to 
>  > why e-gold seems to attract so many wackos and so few "serious" 
>  > people.  
>  
>  Superficially that does appear to be the case!  But I think that 
>  is an overgeneralization.  
>  
>  Most people don't go beyond the bounds of well worn common 
>  routine.  Anyone looking into offshore activities or considering 
>  gold is deviating from the common routine of our society.  The only
>  people who will do this are either 1) those who don't have good sense
>  or 2) those who think for themselves.  Even in the later case this
>  usually entails a certain amount of ignorance/misconception 
>  and (hopefully eventual) learning.  So there are good reasons to 
>  expect a higher percentage of wackos and fumbling.
>  
>  Furthermore, the ambiguities of establishing and maintaining trust 
>  in confidential relationships and the opportunity for abuse in
>  the e-gold system attracts crooks for obvious reasons.
>  
>  The question I would like to pose is: how can we devise means to
>  solve these problems?  A code of ethics?  A BBB?  Adoption of
>  certain business practices...
>  
>  Best,
>   
>  CCS
>  
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