> > Sidd wrote
> > This also begs the question... How soon is GoldMoney to be perceived as
> > enough of a competitive threat to precipitate the same action?
Viking Coder wrote:
> I do not believe that this action came from a fear of competition.
>
> What I say below is my personal opinion. It is not to be construed as
> statements of fact.
>
> I am not affiliated with e-gold ltd., G&SR/Omnipay, GoldMoney, Standard
> Reserve, and obviously not OSGold in any way.
hmmm, but reading back through your past posts, you are obviously VERY
biased in your opinions... this leads one to wonder about the vociferous
disclaimer above... most people wouldn't find such disclaimers necessary.
(Methinks he doth protest too much!)
> OSGold has been under a cloud of suspicion ever since they went online.
> Read back in this list's archives to see the discussions concerning such.
> ....<major snip>
All of which is MAJOR speculation with little eveidence... only hearsay!
> However, this point will go over the heads of the media reporting on the
> demise of yet another dot com. They will also lump the gold-backed
> currencies into this dire picture, and thereby scare off new users &
> merchants.
The media has never even taken an interest in e-gold... why would they
suddenly be interested in a little start-up like osgold? Especially if it
fits into the *scam* category as you suggest. No, it is very unlikely that
this is the motivation behind e-gold's action. Even with this action of
supposedly distancing themselves, e-gold have not in any way prevented
themselves from being lumped together with OSgold by the media. The media
will do it anyway... they are unlikely to even be aware of e-gold's
*distancing* policy.
> So, in closing, my opinion of OSGold is that it is a paper-backed,
> gold-colored currency.
That may well be the case, but it still doesn't justify the action taken by
e-gold in any way. I still suspect that e-gold's action is in response to
perceived competition... They are in effect putting what pressure they can
on *INDEPENDENT* market makers to choose between supporting e-gold or
OSgold.
Sidd.
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