> Jim, do you know if e-gold will ever again commission an audit? > > Also, is the old audit still on the site somewhere? I didn't find it > in the site map, and the word "audit" does not even appear in the User > Agreement. > With over 1,000,000 accounts and the highest volume/turn-over in terms of transactions, I believe the trust factor among users by far outweighs any audits by now.
In the end, what is an audit really worth? The bars could be borrowed, bought on credit, or could be sold 20 seconds after the audit. Certainly, having audits strengthens the reputation of an operator, but in the end e-gold has critical mass without audits, the others don't, despite audits. We are getting hundreds of e-gold payments from hosting customers (which by now hold steady at just below 10% of our overall business) and haven't had a single request from any client to pay in e-bullion, GoldMoney, pecunix, etc. It appears that people who have accounts with any of those operators all have e-gold accounts as well. And that means that e-gold offers economics of scale for a business operator, others don't. Imagine, if from thousands of clients, 10% pay with e-gold and a handfull want to pay with other currencies, mathematics dictates to turn those away or refer them to an exchanger to get 'better money', simply because the other currencies are worth the administrative efforts for smaller merchants. Audits are good. Trust and critical mass are better. Unless you mistake e-gold for a retirement savings plan, of course. Cheers, Robert. budget & privacy website hosting http://www.cyberica.net e-commerce & e-business services http://www.cyfrocash.net budget domain registrations http://www.u2planet.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.
