"NotPublic" talks sense.
CCS appears to follow the principle of guilty until proven innocent.
What people use osgold for is no more or less concern that what people
use e-gold for or standard reserve for or goldmoney for.
Also irrespective of the merits or non merits of 'HYIP' and
'investments' one presumes the people participating are over 21 (or 18
in some states) and in their right minds and not wearing bright green
trousers and a propeller on their heads.
In other words. how come CCS is playing 'daddy' to a bunch of grown
ups who are playing a game they want to.
I take it that CCS also would ban lottos as the odds of wining are
about umpteen millin to one and those poor irresponsible sods who
participate are being ripped off as obviously they have less chance
than a dingo on Frazer Island of coming out on top.
Chuck
----- Original Message -----
From: "Not Public" <[EMAIL PROTECTED]>
Date: Thursday, May 3, 2001 11:32 am
Subject: [e-gold-list] CCS Scam postings...question
> Dear All
>
> I found the post from CCS appalling. Firstly, I'd like to know
> what basis
> other than guess work these claims regarding Osgold being a haven
> for
> "Scamsters" come? Also, since when have we all (e-golders) become
> the
> "Moral Majority" anyway?
>
> As members of the gold community, we should support and encourage
> all
> attempts in this market. e-gold was first. There are, and will be
> many more
> to follow. If we all stand around pointing fingers from a
> supposed "holier
> than thou" stand point, we will get nowhere, and outside onlookers
> will
> (rightfully) see a disorganised group of people arguing amongst
> themselves!
> Is this how we want to be seen?
>
> To actually say that "I would not discount the likelihood that
> OSGold has
> substantial capital: the scams obviously get away with a lot of
> money." is
> ridiculous. What? Osgold are the scammers?
>
> Normal market forces will prove these providers worthy (or not) in
> the end.
>
> Regards
> Fellow e-gold & OsGold user.
>
> >From: "CCS" <[EMAIL PROTECTED]>
> >To: "e-gold Discussion" <[EMAIL PROTECTED]>
> >Subject: [e-gold-list] Re: Scam postings...question
> >Date: Wed, 2 May 2001 19:28:37 -0400
> >
> >Concerning the nature of OSGold...
> >
> >It seems that OSGold is aimed at serving various scams and their
> >"customers". It is good that these people have some other place
> >to go rather than e-gold so that the development of e-gold is not
> >distorted by their activities.
> >
> > > 2) They don't describe how they are holding the gold in reserve,
> > > other than in vague generalities.
> >
> >Quite possibly they don't have any gold. And for their purposes
> >it probably does not matter if they don't care about sound money.
> >What their customers do need is just an untraceable way to
> >quickly transfer ordinary money so that the scamsters can get
> >away with their loot. The gold part of e-gold is not what made
> >e-gold useful to the scamsters.
> >
> > > they said that they handle about 40,000 transactions a week, and
> > > several inconsistencies come up: 1) It took E-Gold 5 years to
> > > reach 40,000 transactions a week, but only seems to have taken
> > > OSGold 2 months;
> >
> >I don't find this implausible as the two cases are not the same. A
> >substantial number of scammees were already using e-gold and they
> >conducted a large volume of transactions. A large part of this
> >accumulated group could have just moved to OSGold; no need for
> >slowly attracting customers like e-gold.
> >
> > > Why is it that E-Gold has not experienced a noticeable drop in its
> > > weekly transactions during the past couple of months when OSGold
> > > has reportedly picked up so many;
> >
> >That is a good question. Note however that e-gold's velocity IS
> >MUCH lower than than it was last fall when a number of scams were
> >in their growth phases. Perhaps there are new scams running on
> >OSGold now and e-gold is no longer being yo-yoed by them. And the
> >e-gold volume is a bit lower now. Maybe healthier growth has made
> >up for some of the lost scammers.
> >
> >I'd also point out that e-gold's reserves have hardly budged (and
> >have some large decreases at times) in the last 5 months; this is
> >quite a change from last year.
> >
> > > However, if OSGold had that kind of money,
> >
> >I would not discount the likelyhood that OSGold has substantial
> >capital: the scams obviously get away with a lot of money.
> >
> >CCS
> >
> >---
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