Mark wrote:
> This is great, once I have decided that I want to use e-gold. But, it
> needs to be much easier for the first-time user.
I think part of the barrier to new users is that they do not remember the
effort it took to get their bank account / credit card in the first place.
Consider a new employee with their 'First paycheck'. Few would accept
that check as money, so they must either pay a check cashing company to
convert it to cash or open a bank account. Neither of these is fast or
easy.
Neither are credit cards quickly obtained. Although they are probably
easier to setup than a bank account, the time required before they are
usable is very comparable to funding any of the gold currencies.
Another point that needs to be stated more frequently: the sacrefice of
privacy needed to obtain and use those bank account / credit cards. This
barrier has been removed with the GBC's.
I totally agree that the desire for instant gratification is a stopper
for many people. I also don't see a safe way to get initial gold funding
at internet speeds, yet... Someday, we will have a market maker in every
town, but that's not here, yet...
Much as I would enjoy seeing GBC usage exploding around the world, I
think it will be a slower process, driven by the desire for private,
secure transactions and the availability of more products and perhaps
products that are Only available with gold currency. Slow and steady
growth, rather than sudden evolutionary change.
Marketing, Marketing and Marketing, the three keys to the gold economy.
Dave
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