From: <[EMAIL PROTECTED]> -- Adam wrote:
> Imagine someone wants to pay $100 for a product with e-gold. To > purchase e-gold they have to pay anywhere from 18% (CC) to 5% > premium, already they are at a loss of $5 to $18. Now they pay their > merchant with e-gold. The merchant received e-gold, and knows that > etc etc... -- JP wrote: > The word for all this is ... "insane" :) > > Why? You'd just send the check to the bookseller. Adam: I just recalled a few pertinent quotes from Doug Jackson at the recent Gold Economy Conference in Atlanta: "e-gold does not require any "merchants" to succeed." "Bill payment ALONE could boost the Gold Economy to criticality." "It's not about gold, it's about lowering the cost & risk of accepting payment." On the bill payment issue, Doug mentioned some new innovations at Omnipay whereby you could pay all your bills online directly from your e-gold account. Why is bill pay so critical? To quote Doug again: "More than 80% of household and a higher percentage of business expenditures entail a mailed check or EFT." In other words, online ordering and point-of-sale are just the tip of the iceberg. As for point of sale purchases, Doug Jackson advises: "just use a credit card". To that I would add "or a gold debit card". For online ordering, most merchants will accept credit cards, so just pay off the credit card using e-gold via Omnipay (or one of the other bill pay services coming up soon). Or if they accept checks, send gold to Omnipay and have them issue one. Basically, we're getting to the point where there's no need to have a checking account. Well, there is that small matter of paychecks in US dollars from traditional employers. Oh well. In time. -- Patrick --- You are currently subscribed to e-gold-list as: archive@jab.org 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.
