Dear Robert and Drew,
> Hello Drew, > I know, I am not Gordon, but think that he is likely to have similar > thoughts on the subject. > > > If you promoted and advertised the logo's of other payment options > > (Pecunix, Goldmoney etc) as much as you did e-gold and paypal then you might > > find that people started paying in these newer "more serious" (quote Sidd) > > currencies. > > Why should Gordon, or any merchant for that matter provide free promotion > to any particular DGC/IG ? > I am sure that if there were more users that KatzGlobal would jump on the > bandwagon and accept payment in that currency. The truth is that if a currency was popular enough we would not need a discussion about it becasue we would already be accepting it. We do accept some like virtual who are new, but this is more becasue of discussions we had with the owners or admins of the company than it has to do with a financial decision to accept it. Robert is right, why put up a logo of a currency that supplies no clients and does not help us to protote to their clients? It just takes up valuable real estate with no benefits. Although if you read our main site's main page or the payment options page it is not too hard to find out what we accept. They are all listed in plain site. > > Why would you NOT be interested in promoting currencies with stronger > > governance than the two you predominately push? > > I believe that governance becomes secondary to volume from a merchant's > point of view. After all we value turn-over and fast circulation times. It is purely a market/financial decision. If we only accepted and promoted evos we would be out of business already. Governance is irrelevant for us for the most part as we are not attempting to hide our finances. Security and the ability to out exchange quickly is important. Show me a system that is impartial, exists virtually and is not regulated by any government and not even the creators themselves. One that lays out its policy completely and has self financial, legal and political development and I will promote that and accept it readily just for fun. Anyone for AI Money? > > I think you would find the % change if you did. I disagree. I am on the evo website and see no real benefits to being marketed there. I do not believe it is our offering that is lacking either as that has been proven already in the market as a working formula. I think it is just a lack of participation in the currency. > Most likely you are right. But as i said, where is our incentive and why > would we bother? It is in our vested interest as merrchants to have > clients focus on one or two DGC/IG and keep things simple for everyone. > Even if we were being paid some incentive for promoting other currencies > (as e-gold and INTgold do), it is still questionable if it was worth our > time. I do not believe e-gold pays any incentive. Thei incentive is purely in safety and quanitity. If they do the rate is so miniscule as to be a waste of time to even try to find those extra few pennies. > The bottom line is after all that we have to pay infrastructure and > equipment bills in fiat and need to outexchange (unless a merchant happens > to have some deals with an exchanger) quite frequently - especially > smaller operators and merchants. The more currencies that need exchanging, > the higher the fees, the lower the profit, while at the same time the > administrative work-load increases. Fortunately we do not have to rely on DCG income to float the business or personal expenses, but we still do not want that to grow too high without getting it out into something more secure. > I fear, the only way to change this would be if someone offered DGC > DGC > automatic exchange interface which merchants could implement into their > payment gateways. In other words, 11 USD of gold or 1gr of Gold, whatever > currency you got, can be exchanged into whatever currency the merchant > wants - preferably at no charge. > As e-gold has the market pretty much cornered, it would be up to the other > currency operators to team up and offer a similar solution to merchants. > > If my client can spend $11 worth of pecunix and I get $11 worth of > e-gold/1mdc/goldmoney, depending on my settings, then, I am pretty sure, > all merchants will begin to accept all currencies and the DGC economy > might go through it's first major rennaisance. > The alternative is of course that e-gold continues to grow exponentially > and all other operators serve specific niche markets. I think that idea is something lacking in the market. I am not even sure it would be possible, but may be another good thing for AI to assume. One could conceive of a software that assimilates all providers and creates a gateway. Getting approval for that from the providers would be the hard part. > Of course, Gordon might disagree with my view of things, as may many other > merchants, but I honestly doubt it. At the end of the day, we want to make > money with a minimum of unneccessary administration tasks. Yes I agree. The formula is: More Money/Less Work and our job is to maximize that formula until it is automatic. Gordon www.katzglobal.com Anonymous Hosting(tm) Solutions --- 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.
