> The dilemma being: How can digital gold currencies grow any further while > the HYIPs still dominate their market? And, on the other hand, how could > they ever have gotten this big without them? The first question is Doug > Jackson's horn of the dilemma. The second would appear to be James Turk's.
I don't think the HYIPs are going to present a large problem from this point forward. The SEC did finally get Stock Generation shut down, and they did it because Stock Generation promised 'guarantees' on certain returns. Most of the HYIPs today, market themselves as games and don't 'guarantee' anything. While still illegal in the US, this eliminates the FRAUD which is the biggest problem with HYIPs; and some of these HYIPs are operating legally in foreign jurisdictions. If Stock Generation hadn't 'guaranteed' peoples' money, the SEC wouldn't have gone after them. They were operating with a legal gaming license in Dominica. One more thing to note about money scams, HYIPs, fraud, and money laundering: It is FAR easier for law enforcement to go after these people when all their transactions are recorded in the e-gold database. So, from law enforcement's point of view, is E-Gold a 'good thing' or a 'bad thing' for HYIPs to use as a payment service? SnowDog --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
