> Are there any other points that you would like addressed? Again, feel > free to use E-Count or PayPal, Patrick, I just prefer the GBC's due to the > experiences I have had in the last two + years.
Thanks for sharing your wealth of experience here, Eric. The reason I've been messing around with E-count and c2it is that I'm still looking for an efficient two-way conversion path back-and-forth between dollars and gold. Look at what Cambist has done for e-gold <-> goldmoney conversions! There is apparently NO such low-friction path for dollars <-> gold. I'm talking about scenarios like the following. 1. Gee, I really need to fund my gold account really quickly here. I need to buy supplies from Business Express, coffee from Capulin, and an espresso machine and a DVD through bananagold. I just got a paycheck through direct deposit, but it's going to take DAYS to fund my gold account. Oh sure I could send a bank wire, but that'll run me $20 and cost me a trip to the bank, and at my hourly rate that trip is going to cost me some serious jack! 2. Gee, I've got plenty of gold in my account, but now I want to go grocery shopping. I sure wish I could INSTANTLY convert some of that gold to US funny-money so I could use it at the grocery store! Any way you look at it, the dollar <=> gold path is HIGH FRICTION! It involves expensive bank wires, time-consuming trips to the bank or post office, and days waiting for funding. Regarding the repudiability of payments, I THOUGHT ecount and c2it payments were non-repudiable. Why? Because the customer service flunkies told me so. When I set up my accounts, I asked whether as a merchant I would have to worry about payments being reversed on me. They said "no". Oh well, what would I expect THEM to know? :-) -- Patrick --- 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.
