> My only, and now still basic question is, given that when e-gold first > started, the cost seemed almost acceptable and, with one transfer to them, I > could actually just email them and pay certain bills thru their service. > Now, with the proliferation of services, I have yet to get any feeling that > the cost of moving money to an account and then using it to pay a bill here > and there, is, well, 'affordable acceptable.' > I understand that the using dgc's in the manner you describe IS expensive. Because of the in/out exchange fees, it's utility as a "currency exchange medium" is limited. However (BIG however!), this is not the way they are designed to be used.
Keeping ones wealth in the dgc's is the way to realize the low cost of transactions (between 0.1% and 1%). This takes advantage of the low risk for vendors who accept gold. Use gold as money (not as a currency exchange medium) and you get the low cost. This means both buying AND selling with gold. Yes, I know the reality is that we don't yet have enough merchants who accept gold. I also know this is changing, because more legitimate businesses are being listed on my own directory pages and the pages of other dgc directories. One way to help is to always ask a merchant if they will accept payment in gold, before you contract for goods or services. Dave Brooks Editor / Bricks of Gold Website & eZine --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] http://www.e-gold.com/stats.html lets you observe the e-gold system's activity now!
