>THE SUGGESTION >Somebody needs to create an electronic exchange for e-gold that works like >the electronic stock exchanges, such as the Island ECN. > A great idea Vincent, but it would be difficult to get this happening *AS YET* as the volume of e-gold transactions are (relatively) miniscule. >THE EXCHANGE >Would work just like the Island ECN Here's a bit of trivia: Island cost ~20 or 30 times more to BUILD than the entire amount of e-gold in circulation each day! >THE REWARDS >The reward for creating a website like this would be huge profit and >immediate dominance in the e-gold world, and the benefit to everybody else >would be a much narrower spread, No, you'd be building it with the hope that in (?) 2? 4? years, it would become profitable, if, e-gold continues to grow at the rate it does. >and easy, cheap conversion between e-gold >and dollars. unfortunately it would not affect in any way the easiness of conversion between gold and US Dollars (see the May Scale!!) As a matter of fact, the exchange BETWEEN US DOLLARS, and ECN SYSTEMS (ie, your stockbroker like e-trade or quick & reilly) is EVEN HARDER than the exchange currently between e-gold and USD. As you say: >>In order to trade on a stock exchange, one opens an account with a broker. ... and it's exceedingly difficult to fund your brokerage account; you can only use a wire transfer or wait until checks are "utterly cleared". At least with e-gold many of the MMs build in a risk factor, and let you buy e-gold with shit forms of money (lowest on the May Scale) like credit cards, paypal etc. (Obviously, it's inconceivable a stock broker would accept ccs or paypal to fund an account!) (In fact, it will *never be easy* to exchange from USD to e-gold: if anyone knows how it can be, state the way. Exchanging the reverse way, from e-gold to USD, is and always will be trivial. But it's a fact that the only "easy" way to convert from USD --> e-gold, is, using *cash* USDs.) >CURRENT LACK OF PRICE DISCOVERY EFFICIENCY WITH E-GOLD >Compare this to the current situation with e-gold. There is no common >place to represent bids and asks. It takes a new user such as myself >hours or days to research all the market maker sites to figure out who has >the best bid and ask. Most people are not going to have the patience for >that. What you're saying is that "no really good or leading MM has emerged". Here's a disturbing thought Vincent ... Let's say thies e-gold-island system existed. How would anyone know about it? It would just be yet another MM in the list...nothing special. ----------------------------------------------------------- "A government that robs Peter to pay Paul can always depend upon the support of Paul." -- George Bernard Shaw --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
