> However, e-gold is now rampant with thieves, counterfeiters, and hackers who
> have obtained their gold stores illegally. The trust is then gone. Sure the
> payment is "good" at the moment, but it ultimately cost someone (Market
> Makers, G&SR, fellow e-gold users) a great deal because the gold was stolen
> from them. Back to square one, yes?
>
> Eric
>
No.
e-gold as a system is trustworthy. How can a e-gold payment be "good" one
moment and then not "good" later? An e-gold payment is ALWAYS good. Fiat
currencies aren't untrustworthy because thieves, counterfeiters, and
hackers use them.
How many times have you heard about the following situation?
Some people are told that they can double their money in 48 hrs - 45 days.
They each give a US $100 bill.
They soon find out they were scammed.
They then begin complaining & griping to high heaven that the USD is not
trustworthy because they were scammed.
I haven't ever heard this said about the USD, but many of the messages on
this list are trying to say it about e-gold.
The only person who can receive a bad payment is a Market-Maker. They
didn't receive a bad e-gold payment. They spent e-gold before the other
type of payment had cleared and the cash was in their hand.
If you are getting repeatedly scammed be credit cards, checks, etc... then
don't accept them anymore. Don't complain that e-gold is untrustworthy
anymore.
If a hacker broke into e-gold's server and spent ficticious e-gold to you
then the only way you would know is if e-gold ltd. or G&SR found out. They
should then patch that hole in the security, and install a much tighter
security system. By the way, classifying all hackers as untrustworthy
evildoers is the same as classifying all gun owners as cold murderers.
Viking Coder
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