I was always wondering how long it would take until
crooks started to use the names of repectable people and the nasty
under
their name just to damage their reputation.
What about, as a standard, each site having an area where they post
digitally signed emails they have sent out (even if they
It would be even easier to just post a PGP public key
and sign all the e-mails I care about validating.
The problem is most consumers don't grok digital signatures. Jay W.
is the only representative I know who consistently digitally signs
messages. Jay rules! 1MDC and I think a few other of
So it is in everyones' best interest to come up with a
SIMPLE way to fix it that customers can actually learn.
I don't see how posts to discussion lists are in any
way related.
Sorry, I was not clear enough. I did not mean for these lists, but
solving the problem that a customer might not know
So, if gold is at $380, the average customer will bring in about 1
ounce.
If gold is at $4000, the average customer will bring 0.1 ounce
If gold goes to $40, then the average customer will come with 10
ounces.
I think you are thinking in terms of dollars. If gold goes to $4,000/
ounce, bread will
http://www.boston.com/dailyglobe2/210/nation/
US_eyes_market_to_predict_terror+.shtml
or
http://makeashorterlink.com/?U28951C65
contains an idea (in restricted-and-therefore-silly form!)
mentioned around here and in a formerly-futuristic sci-fi
novel. For two grams of e-gold, name that title
Even if full disclosure was given, 7.2% per annum is not exactly
breath
taking.
Well, these days, looking at things like US banks, it's not all that
bad...
This is what my bank offered for CD's a month ago. (No typos)
CD (Minimum $1,000 for 2 years): 1.45%
CD (Minimum $10,000 for 2 years): 1.50%
Jakob Nielsen, in the report E-commerce User Experience, asserts 'seal of
approval' logos like TrustE and BBB did not interest any of the test
subjects.
DGC's might be an exception, but it could be a nice challenge to convey
valuable info in the 'seal of approval'. Maybe the number of
Basically, we're getting to the point where there's no need to have a
checking account. Well, there is that small matter of paychecks in US
dollars from traditional employers.
Can an exchange provider offer traditional direct deposit? I know it would
circumvent some protections -- but if
DGC's don't seem to be promoting the idea that they can make it a lot
safer for teenagers to participate on the net. (although I have not been
reading propaganda lately).
A service that allows the under 18 crowd to get paid and sends a Barns
Noble or Amazon gift certificate might be nice. In
While we're on the topic, how does e-gold make their money?
I think they make money from storage fees (called agio in the Terms I
think) and transaction fees. The Terms say they do NOT make loans -- all
e-gold is backed 100% by metal all the time.
Jeff
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While researching, I bumped into an apparent work in progress.
Interesting guy.
http://www.math.princeton.edu/jfnj/texts_and_graphics/IDEAL/Asympt/asympt10.
txt
Jeff
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1. Send check.
2. Wait 13 days.
3. Get e-gold.
Surely you drive by a Wells Fargo or Bank of America if you live in the
usa? Next time you have errands drop by:
http://www.gaithmans.com/ first and fill out a form. Then drop by the
bank and deposit CASH. You should have gold pretty fast.
The
Choosing different
algorithms does not necesarily make it more safe. As long as the main
passphrases
are different it will be ok.
That's the problem -- I think most people use the same passcode. A
strong design should make silly stuff like that hard to do by default.
I think it is
For example if my turing return code setting is like this :
abmdef (a
fixed character m in position 3)
Turing codeReturn code
123456 12m456
I get it. I like this idea for some situations (still won't fix the
challenge with creating multiple
Some examples of easy to remember possibilities:
turing number: abcdef123456
reverse: fedcba 654321
But how do you communicate the 'reverse / offset 3 right' etc.
instructions? They are simple algorithms that can be programmed by a
cracker and I
http://interestingsoftware.com/alanbot
All it does is filter the image.
Parker, what the HELL are you talking about?
I have an idea to mitigate this challenge (for a little while longer).
Give me 2 weeks and I will present a better solution (for sale :-)
- It will be very fun!
PS How are all the babies (JP, Julian and Jeff!)?
My one is good --- but she needs more gold man :)
Glad to hear that! After a bit of a rough (and scary) start, mom and
baby are now doing excellently. We are really lucky that Chloe is a
happy and easy baby (and a great excuse to squirrel
Why not offer the user 2 choices to recover a lost password and let them
decide how much effort they should use to protect their gold.
1) Default - just email password back in plain text.
2) Or, if they have previously submitted a PGP key, send the password in
encrypted email.
Jeff
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It would be neat to drill down on the Number of Pieces column and see
see a list of the exact stats for each bar (specifically the ID number).
Consider changing the header Coin Name to Metal Type and Fine
Weight per piece to Average Weight per Piece.
It would make things a little clearer,
You did not spell it out, but I think most GBC's would require a data
base. So it would be attractive to mention that you have PostgreSQL,
php, perl, SSL, etc.
Thanks, Jeff
Keith Mander wrote:
$10 pro account with domain hosting inc + 25 POP accounts + 25 subdomainss
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I believe DBC keeps failing because it's not convenient enough and the
expenditure of time and concentration are higher than just paying the 5%
credit card fees.
I think Beenz and Flooze (Digital Based Currencies) failed because they
are not a direct money for goods or money for service. I
Gold is not backed by gold.
Gold is backed by the Strong Nuclear Force :)
http://www.m-w.com/cgi-bin/dictionary?book=Dictionaryva=strong+force
A fundamental physical force that acts on hadrons and is responsible for
the binding together of protons and neutrons...
Is this example right??
If
However, there's Bamdex,
but there's no way using Bamdex to keep the other side from closing the
contract.
It won't help liquidity too much at the moment, but if contract A (UP)
was forced to close, say due to margin, opposing contract B (DOWN) could
check to see if there were any waiting
Anyone have a good name idea?
1mdc-checking? 1mdc-bucks?
Keep with the fruit! guava grams! grape grams, green grams
Or, branch out into animals - gopher grams
High brow - reliant grams
Wise - sage grams
funky - gramknot
Mysterious - aerde gram (aerde is Dutch for earth, I think)
Guava
What a great idea!! You can use a logo or your cat's picture --- even
the dude formerly known as Prince can finally get along online!
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Did you know that the new e-gold
I love to work with data presentation. JP has helped me on many
occasions and I promised I would come up with a few BAMDEX graphs for
fun. I made these 2 *rough* suggestions for everyones' amusement and to
spur further ideas.
I also think it would be interesting to compare e-gold velocity,
The US Census suggests the current USA population is about 285,000,000
http://www.census.gov/cgi-bin/popclock
So lumping private and corporate debt together (the people will pay
anyway) means each American owes about 100,000 USD. Not as bad as I
thought ;) Makes me wonder if 27 trillion is low
I don't recall the exact question, but my short and flippant answer: When all
the money the fed has counterfeited starts to *really* come home (inflation)
and people 'get it' creating demand. I just bought some junk silver --- One
shop had me waiting a month before someone sold them some silver.
when I asked her if 2 seconds was too long to wait ;)
Jeff Fitzmyers wrote:
I don't recall the exact question, but my short and flippant answer: When all
the money the fed has counterfeited starts to *really* come home (inflation)
and people 'get it' creating demand. I just bought some junk silver
Just lodged 145 grams for 6 months! What a great idea and great
foundation for other ventures! If we don't hurry up and finnish our own
pet projects, JP will have all the e-gold flowing though his sites!!!
https://www.1mdc.com/
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Don't forget that the USD has costs in the form of inflation (currently running
~25% per year). I have lost 0.5% of my gold so far this year but will lose ~12%
of my USD worth as the inflation winds its way thought the economy.
Vince Callaway wrote:
On Thu, 21 Jun 2001, Paul Ewing wrote:
What can we do or say to change things, so that they love e-gold
like they should? I've tried the it costs less argument many times,
1) How has the it is sooo convenient tangent worked? Convenience is a pretty
tame topic.
Jeff
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Why doesn't someone start up a non reputable transaction insurance
service?
There seems to be a high demand!
Also, I would highly recommend placing some big, yet tasteful, link
titled How to protect you e-gold assets all over the place. List
everything in conversational English and every other
Mystery?? Probably just JP sending his 100 kg of gold from one account to
another to make e-gold look good :)
Thanks for the new stats page!! Excellent.
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I have so little data - been busy - that I could use any regression technique ;)
Statistically speaking, this line fit is poor and should not be used for
decisions.
A great public service would be e-gold saving these stats once a day in an
accessible log. Include the stats page and the exchange
Five: Create demos that show people how to use the system. Please! People will
just not use it if they don't know how.
http://www.webex.com/home/default.htm
WebEx might be good for this. My employer seems to think they have great value in the
replay mode to explain. Personally I find it
LaMarr Dell wrote:
This "Coder" person (who won't reveal identity) makes quick judgments as
to whether (or not) a site is "legal"
A dead worm could figure out if Costa is legal within a minute. Hello?!
I find that "Costa" is VERY "up front" with information about how THEY
work and what one
to everybody - the merchant and the consumer. And I still contend
that the education issue is not the problem. Rather it is an
easier way to fund accounts.
I tend to disagree. I think e-gold can easily be classified as a 'breakthrough
technology' which by definition means that people don't
I would suggest e-gold and market makers post something like this on
their sites.
http://home.earthlink.net/~fitz22/may.html (-- Please send me
suggestions and I am thinking about a column for pros and cons.)
Why? To manage other's expectations and educate them. Having a
comparison of what's
I vote for his entry too :) Much more information. The stuff I posted mainly
shows the relative difference when account creation really started to pick up,
and that there might be a correlation between increasing metal price (or
activity) and number of accounts funded.
jf
[EMAIL PROTECTED]
Their are some really intereresting ideas in this slashdot link. How can
one apply micropayments, and freemarket economics to games that allow
one to learn things or interact with systems??
http://slashdot.org/article.pl?sid=01/01/29/0954245mode=thread
jf
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Out of curiosity, in your opinion, what would be the best method
of funding accounts? Let's assume somebody wanted to develop
the ultimate funding system, what would work?
This idea is less direct, maybe even a little sneaky... but more convenient for a
consumer.
Instead of the potential
Adding to JPM...
Market makers need to be very good at managing risk -- they need to know how to
hedge. (Supposedly, part of the california power problem is our local energy
provider, PGE, refused to hedge back when prices were relatively cheap. They could
have bought a bunch of calls or sold a
I am not trying to be a wise acre. Since you are unhappy with things, I
am asking how YOU would set them up differently. How do you separate
customers that make you money form the ones that cost you money? Is this
separation fair, ethical, legal, profitable?? How do you deal with each
type and
that OmniPay is like any exchange provider
Note the use of the term "exchange provider" where market maker is mistakenly
used. As JP May pointed out, market makers are legally obligated to offer a bid
and ask price when open for business. Exchange providers can set their own bid
and ask prices
Can someone here please explain what the essence of
the previous paragraph is?
Only post what is essential.
So it is going to continue to be OmniPay's policy to
keep secret its liquidity and solvency.
What's wrong with that?
Some have. Look at the publicly viewable balances.
I see just
What questionable activities? Define questionable
Costagold and others that are even allowed to
advertise on this list.
I don't understand this definition?
Are you saying that this is the justification to break
the law, just because other people do it?
Of course not, I just want the
Well, thank you very much! That is roughly equal to 1 burrito unit -- the most
important currency unit in my household :)
Thanks! from 110237
btw, YOU ROCK: Your customer service, general attitude and capabilities have set
a great example for me. I have learned many things from you.
[EMAIL
Here is a spends graph starting from 2/29/00. I update it about once a week.
The most spends I have recorded is 13,092 on 11/21/00. In general spends seem
to have spiked up from 3,300 to 10,500+ since early November.
http://home.earthlink.net/~fitz22/
Jeff
Do we have the "breakout" of spends,
Since 7/8/00 to present the
- total number of accounts has increased about 300%
- average gold account has decreased by 60% (from 1.71g to 0.71g or 300
USD)
- number of funded accounts has increased 150% (from 33% up to 48%)
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%)
Striving to graduate first grade math, Jeff
RE these numbers: ...(1.71g to 0.71g or 300 USD)
Do you mean that 0.71g of gold is equiviatent to 300 USD I WISH!
Dave
Jeff Fitzmyers wrote:
Since 7/8/00 to present the
- total number of accounts has increased about 300%
- average gold account
I just ran across this tip. The funny thing is I tend to do this anyway.
When sending money into a market maker consider that they get hundreds
of $100 deposits. Why not make yours 100.55, then if there is a problem
(lost your contact info) it is much easier for trace $100.55 then
$100.00. Plus,
Don't just add a couple of cents. Maybe make it the last 2 digits of your
egold account or phone number. but something that is prearranged perhaps
with the person you are sending to.
That's even better!
As far as I know this idea actually originated with Eric Gathier at Gold
Exchange to
and are not working their a**es off making our e-gold
accounts opaque to hackers. I know of one person
who had I5K removed from his account, and just
this week two people I know have had attempts at
hacking their e-gold accounts,
This is one major reason why the system should be on OpenBSD
Taken from Bruce Schneier's excellent CRYPTO-GRAM
http://www.counterpane.com/crypto-gram.html
There are a couple of dozen new vulnerabilities each week in major
software products
Last month I complained that Microsoft is prohibiting services like
BugTraq from reposting its security
OpenBSD is a great OS, but this really is not the place to be
advertising for it ... (And in case you didn't notice: Well-done NT is
far more secure than newbie *nix, even OpenBSD.)
I don't think I am advertising or OT at all. It is imperative to me (and
everyone I assume?) that my accounts
Holding steady at 48% of accounts being funded.
13.6 million USD and 1.5 million turnover/day means total average
turnover takes about 9 days.
Total average account growth is 0.13% per day for the last 8 days. I
must apologize for past numbers like this because they were wrong :( The
hopefully
In the last 12 day period, total accounts increased an average of 0.25%
per day. For the last 2 months the average account has about 330 USD of value.
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means but GSR has changed their definition by refusing to
allow bailment.
Locally:
I don't care about this in the sense I can send, I believe, metal to
Goldfinger and they will give me e-gold. (I certainly get excellent
metal from Goldfinger :) I think it is fine to restrict bailment of
stuff
Yes, but it's like apples and oranges. If you have 5 grams of e-gold and 3
grams of e-silver, then you must express the total using BOTH identifiers.
It's not possible to say that the value is 'x' grams of e-'something'
because the price of silver fluctuates with respect to the price of gold.
Business opportunity and major design challenge:
Philadelphia Inquirer: Locked out.
Active Web users have to manage about 15 passwords for daily use,
according to
Forrester Research Inc., an Internet research firm. By some estimates,
half of
all service calls to Web businesses are from people
General reputation trackers/sellers are going to have a hard time
coming up with a method that works for most needs.
"Any week now" there will be a general one available. Most will be
willing to participate at least a little. The bad news is you need a
funded e-gold account (although I just
"Any week now" there will be a general one available. Most will be
willing to participate at least a little. The bad news is you need a
funded e-gold account (although I just got an idea to minimize this :),
I have no problem with spending metal. For this to work in the long
run, a
I think what we are all getting at is that no one cares who you are if
you pay, provide a service, or ship product on time. If you break a
'contract' we want a way to get you to honor the contract, or refund us,
or failing that lower your reputation to warn your customers (maybe a
little
"Website losing money? Easily get your customers to pay for your content
by enabling micropayments."
Jakob Nielsen's Alertbox, December 24, 2000:
The Web in 2001: Paying Customers
http://www.useit.com/alertbox/20001224.html
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To
This article suggests putting up a secure form on your website as an
easy way to encrypt messages to you or your company. If 2 parties do it
then they can both communicate without knowing each others public keys.
(need to trust the server and the security of the server - but the point
is it is
By my calculations, in the last ~12 days the total number of accounts
has increased 10% and the number of funded gold accounts has increased 15%.
That is a growth rate of about 0.8% per day. Say the rate averages about
0.4% per day. By the end of the month, e-gold could have over 300,000
From: Tomalak's Realm at http://www.tomalak.org
Dallas Morning News: That'll be $0.001.
Should Beenz be redeemable for Flooz? If so, how do such Beenz-Flooz units
translate to Mojo bucks? While we're on the subject, will Compaq's MilliCents
ever be convertible to IBM Micro Payments? These are
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