[e-gold-list] Re: FW: Moneybookers service
Dear Julie, Yes, MoneyBookers has sent the same message to all the other exchangers who were using the MoneyBookers service for e-gold exchanges. One cannot really blame them too much. There have been a large number of difficulties with e-gold in particular. E-gold accounts have been used for Ponzi schemes, for auction fraud, and for password theft schemes, among others. No doubt part of the reason e-gold gets a lot of this criminal activity is because it was first to market with a successful e-currency. I think the e-gold policy of balance limiting accounts is not very effective, and compares poorly to the methodologies at work with Pecunix, GoldMoney, and e-Bullion. MoneyBookers may be trying to curb the competition, but I think they are more likely trying to comply with government requirements. I don't think this strategy works very well, but it is one that is prevalent in our industry. E-gold.com complies with government court orders and has located its servers and offices in the USA. GoldMoney requires ID papers in an attempt to comply with know your customer laws which remind me of the Biblical usage of the verb to know. So, when MoneyBookers say that exchanges involve a high risk of money laundering they are probably quite serious. Governments have been pursuing this so-called crime for some time now, on the theory that money is tainted if it is obtained from selling contraband or doing something else which is legislated against. I think the war on money laundering is a peculiarly vicious aspect of the war on freedom. Is there something to be done about it? Well, sure. Lots of things can be done about it. You can certainly write to MoneyBookers and ask them to change their policy. Write to government agencies and ask them to stop being vicious thugs if you like, though I don't think that'll work out. A number of people in various countries have developed alternatives to the mainstream banking system, so you can turn to the competitors for MoneyBookers and see if you like them better. You might like EvoCash, for example. Also in many countries there are active efforts afoot to change the political system. Some of these are based on really pathetic strategies like getting people to vote for a different set of crooked politicians, which are pathetic strategies because the evidence of vote fraud is so overwhelming I'm surprised that anyone believes the votes are being counted. Some of these are based on more violent strategies, and while I sympathize a great deal with the frustration and anger generated by government agencies, it seems clear that many times the violence targets civilians who are already being victimized by the government. I think most people who have turned to violence have given up solving their problems in other ways. Perhaps such people are more realistic than me. There is a great deal of opportunity to arbitrage the many jurisdictions in the world. It is possible to achieve the kind of results that MoneyBookers was giving by other means. It won't be easy and it won't be cheap. The question is, is there any sense in trying to persuade moneybookers It makes sense to try. Write them a nice note. Your message here shows you have good quality writing skills. You marshall your arguments well. Go tell MoneyBookers why it is in their financial best interests to work with you. can it be that they will reverse their policy in the future. I think there is more chance that the governments will change their policies about money laundering first. And, frankly, I think we'll see the devil on ice skates long before most governments make such a policy change willingly. Thank you for your answers and hoping to become a valuable part of the digital currency family. Julie, it is great to hear from you. I think you are already a valuable part of the digital currency family. Regards, Jim http://www.ezez.com/ http://www.gdcaonline.org/ --- 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.
[e-gold-list] Re: FW: Moneybookers service
Actually they did boot www.cyfrocash.com a few weeks ago for security reasons, with no warning as well. I thought this was because of the fact that I was pretty verbal about them taking three weeks to pay out a client of ours. Of course, the was also the issue that they suddenly had decided to demand all sorts of ID when we tried to withdraw a whopping $300 from our own account ;o) A letter from our legal counsel got them to pay in a flash, and I gave them the demanded ID details afterwards to make the point that this was about the principle of things. That said, my bet is that they realized that they are in fact competing with other exchangers and enable them to offer lower fees. Add to that, that the FSA might start to develop an interest in their activities if a few fraud complaints about a fe clients of theirs come up, and they might just feel that it becomes a matter of survival to claim not to be dealing with exchangers. I'd say the last thing they could afford is that someone took a hard look at their books - and self-contradicting support mails - or the fact that mails are being answered from locations they are not supposed be answered from... But hey, we all try to earn a living here. As to your problem, maybe have a look at www.cyfrocash.com . We might be able to help you in most countries your clients are likely to come from. 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.
[e-gold-list] Re: FW: Moneybookers service
thats the beauty of internet businesses though. you can hire staff anywhere in the world and live anywhere you want as long as there is a good connection. If a business is setup correctly to be a pure internet play, then hiring say in the US would be a laughable idea at best. Our programmers are all overseas and support can login from anywhere in the world. After considering that, location is not relevant depending on disclosure and finances. The biggest problem I see with finances is to be anywhere but the US requires a very smart system to process things like money orders when a good majority of clients are in the States and paying in USD. Otherwise banks tend to hold them for 4-6 weeks which is fine if the company can float it. My experience though is that many technically capable people overseas do not have a real business sense built into them and find support mentally strenuous and hard to keep up in a fast moving environment. I am not saying this in a broad way, but that has been my experience in many cases. Their ability to deliver and our need for a high rate of order/support/dev processing in real time is in conflict. Although I have also met some great people who are really smart, and able to do good work fast. It is not all black and white of course. Hopefully your experience leads you to greener pastures as being on site might help improve that type of scenario. I find that one person can handle a couple thousand clients at any given time so the needs of a business like ours are not as high as some people may think they are until they get into development which sends our staff exponentially higher. 10,000 clients can be managed with 3-5 people depending on what is going on and probably less if your system is fully automated. Which brings up a point. Did you see how many hosting clients that sprint had when they sold off recently? I think the number was 300. My mouth hit the floor when I heard that. Think about that. How many millions did they spend? How many employees and servers did they have? Not to mention full NOC centers they developed and in the end the number was 300. That is sad. But then they also invested heavily in line of site high speed internet and cox came along and kicked their butts on that too. and people still wonder why all those internet companies failed and are failing? Citibank closing their online division is probably just another perfect example. Gordon --- 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.
