[e-gold-list] Re: egold is a shit currency for scams and hyips

[Julian Morrison]

PowerClicks wrote:
> 
> >>> why would merchants push a payment system which delays the sale?
> >> How does e-gold delay the sale?
> >
> > I guess he meant that the customer must first acquire some e-gold
> > before he can spend it. A slower process than with a credit card.
> 
> Exactly. You must first acquire e-gold which is slow. The only way to do
> this relatively quickly if to fund using a credit card, but then what's the
> point? And funding by CC is still a real hassle.
> If they decide to fund by check or wire, then why not send such payment
> directly to merchant?

So you dump in a wodge of money and use it in small amounts until you
need to refill. And it's useful as a money store and a means to
speculate on gold as well. Hardly rocket science.

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