the interesting thing is the mirror statement is true:
4. The value of my holdings doesn't fluctuate as it does with Paypal. If
I have AUG 100 in e-gold, it remains as AUG 100. And I don't have to calculate
dollars to grams. As a retailer I have a simple process: I have a product;
you want a product; I sell you that product; you pay me for that
product. I don't want to know about USD, price fluctuations, etc.
Until I go to a local gas station or grocery store and try to dump those heavy bars of gold on them. It is a major education issue to get the kzillion retailers of the world to accept something new, especially when it is so difficult to use.
e-Gold will only be more widely accepted when any of the following occurs:
1. Governments embrace it. If Indonesia, for example, would accept e-Gold in addition to Dinar, it would be more accepted.
2. There is an easier way for folks to enter the system.
3. Consumers have some assurance that their purchases are guaranteed.
Folks, you're kidding yourselves to think that e-Gold will ever become mainstream In research for my doctoral dissertation, I found too many drawbacks to the process. While irrevocable transactions sounds wonderful, it only benefits the merchant. Consume advocates will have a field day with e-Gold in a merchant environment.
With any business process, the most critical factor is managing perceptions. If people perceive that fraud exists and that their money will disappear using e-Gold, then you have an uphill battle to convince them otherwise. Consumers like the use of credit cards as a protection that if fraud occurs, they are not hit, rather the credit card company.
OTOH, where e-Gold has a chance is in regions like Eastern Europe and parts of Asia where debit cards are more common. That alleviates the fear of funds being stolen, but it still doesn't solve the entry into the system.
Solve the entry and the perception issues and you may go mainstream. At a prior organization where I was that y'all know, our goal was to overcome these issues, and we would have done so had the events been different. It is possible to do, given the right people and money to do so.
Until then, enjoy playing games and whining on e-Gold Talk <grin>
George
_______________________________________________________
Dr. George Matyjewicz, Chief Global Strategist
GAP Enterprises, Ltd. http://www.gapent.com/
Moderator of E-Tailer's Digest http://www.etailersdigest.com/
Automated Press Releases http://www.automatedpr.com/
E-Gold Account # 193274
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