On Friday, June 27, 2003, at 09:01 AM, [EMAIL PROTECTED] wrote:
egold is (meant to be) money
you use money to pay for things
example -- cars, boats, bills, cheques, icecream, leases, computers, books, DOMs
When you're paying $20 for a DOM, and you pay with egold, its inconceivable you'd pay like "$21.12" --- e-gold is spotty. As money, it is spotty. Exactly like the USD.
Of course, when I pay $59.98 for Capulin coffee, the e-gold system divides that by $11.063/g to get the number of grams.
But I cannot buy e-gold for $11.063/g, nor can Daniel Fourwinds sell e-gold for $11.063/g -- not through Omnipay anyway. So the spot price is the price that NOBODY ACTUALLY PAYS for e-gold.
Robert is simply suggesting that E-gold and the E-gold exchangers might be more profitable if they make it very easy for customers to get in the door and a bit more than twice as hard to leave.
Actually, I have a more basic question now. I completely forgot what Omnipay's previous pricing structure used to be, before they made the straddle move. I recall that they'd pay me spot and charge me a flat $1 for outexchange, but I don't remember the premium over spot on inexchange. Anybody?
-- Patrick
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