On Sunday, March 2, 2003, at 10:12 AM, George Matyjewicz wrote:
... 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.
I would love to see more Indonesians use e-gold, but I hope the Indonesian government takes no interest in it whatsoever.
2. There is an easier way for folks to enter the system.
Anybody who demands the ability to sit at a computer and fund an e-gold account cheaply with a mere credit card payment is going to be disappointed, and this is not going to change. Credit cards are trash for this purpose.
It is very easy to purchase a money order at the post office or grocery store and mail it to an exchange provider. I don't understand why people think it's so difficult to fund an e-gold account. Many people do balk at the 2% - 5% fees, though. Funny thing is, they're paying these fees all the time when they use a credit card -- merchants merely pass their merchant account fees onto their customers in the form of higher prices. I remember when gas stations offered cash discounts, but that doesn't happen as much now because people have adjusted to the hidden fees of credit cards, much as they have adjusted to hidden gasoline taxes and withholding of income taxes. If they don't see it, they don't complain.
Generally, all you have to do to put $100 in an e-gold account is buy a money order for $105 and send it to an exchange provider. If you don't like spending the extra $5, try bringing a sandwich for lunch one day instead of going out to a restaurant. That'll put you about $2 ahead.
3. Consumers have some assurance that their purchases are guaranteed.
This is a tough one. Merchants also want some assurance that their payments are guaranteed. Consumers outnumber merchants, so it seems that there is more potential for consumer fraud than merchant fraud. No doubt merchant fraud can still be problem, but at least a fraudulent merchant runs the risk of eventually going out of business.
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. ...
I doubt the mainstream is an attainable goal. The mainstream is very polluted anyway, so it's probably better to swim and fish in the more remote mountain streams and lakes.
I suppose if we see more developments like gold mining companies paying dividends in digital gold, it could go a bit more mainstream. But most people are content to use the fiat currencies issued by their governments, even as those currencies inexorably sink to their intrinsic value of zero. You have to remember, these are the very same people who cannot be bothered to purchase a money order at a grocery store and mail it to an exchange provider.
-- Patrick http://fexl.com
--- 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.
