> From: <[EMAIL PROTECTED]> > Date: Thu, 10 Jul 2003 19:42:59 -0400 > To: "e-gold Discussion" <[EMAIL PROTECTED]> > Subject: [e-gold-list] exchange surchage woes
>> Though a few merchants who accept e-gold payments are listed on the >> website, I don't see much future for the system since it's difficult >> to get money into the system. > I do not understand this (extremely common) statement. He found the list > of merchants. which means he found the list of market makers/exchange > providers. Listed there are business all over the world, and who accept > whatever (valid) payment method you have to offer. The consensus appears > to be that this "difficulty in getting money into the system" is the > exchange, either way, surcharge. I did a quick little look around and > realised what the problem might be - honesty. In my city people pay 8% sales tax on everything they buy, whether it be shoes, a hamburger, jewelry, whatever. People plod along content to pay an 8% "fee" on everything they buy and don't think twice. You could call it an 8% "inexchange" fee for converting your dollars into food, clothes, or other items. But when it comes to e-gold, charge a 1% outexchange fee and people freak out; the same with 2-3% inexchange fees. You could buy e-gold and use it to purchase something on the internet and still come out ahead because you avoid sales tax. I don't know why people are content to pay 8% without a second thought to support a corrupt, wasteful, incompetent local bureaucracy, and then cringe to pay 3% to a hard working private enterprise like an exchange provider. John Kyle --- http://cambist.net --- 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.
