Todd Boyle wrote
When will this begin to happen? What is the missing enzyme
we're lacking ?
- convenience aspects?
- better security on the users' computers?
- hardware signing devices?
- better data integration in B2B business processes?
- trust in the host? Do we need deposit
... But wouldn't it be nice if we get the
certainty of gold
in commerce, without the cost of unnecessarily large
reserves.
Unnecessarily large reserves? Please, let's not talk
about fractional reserves!
Actually, I think your example, (where Joe buys GBC to
pay a seller, who subsequently
15:08:43 -0400
Subject: [e-gold-list] Re: GoldMoney Bailment
To: e-gold Discussion [EMAIL PROTECTED]
From: eCurrencyCrawler [EMAIL PROTECTED]
On 26 Aug 2001, at 12:22, SnowDog wrote:
Goldfinger Coin and Bullion is selling GoldMoney GoldGrams for only
2%. They must be bailing in the gold
At 12:44 AM 8/28/2001, [EMAIL PROTECTED] wrote:
(One point .. note that all growth in any DGC comes from bailed in
bars. Even if the buy-back trade is 10,000,000 billion per day, the DGC
in question has stopped growing unless bars are being bailed in ... at
2-4% for e-gold, or 0% for GM.
On 29 Aug 2001, at 8:52, Todd Boyle wrote:
Hmmm what about velocity?
Of course, velocity is a sign of health. But the real measure of the
success of the DGC and GBC will be the size of the money stock
and reserves. That is what shows how confident users are in using,
holding and saving the
Hmmm what about velocity? You could imagine GBC serving its
vital role only as a lubricant at the point of exchange then being
returned immediately to some settlement lubrication agent. e.g.
Joe buys something on ebay. Joe gets some GBC at very low
transaction cost somehow, uses it to pay
I'd say that the average is more than 5% for retail. For sure, with users
willing to pay 7%-15% to obtain e-gold, fees may stay high for a
longtime.
The high fees are used to offset the high fraud costs associated with the
conversion of soft currency to hard currency.
Large amounts (10's
Large amounts (10's of kg) of e-gold can be obtained without ever
bothering with bailing in metal bars. Merchants receive e-gold without
paying more than a 1% fee
Which merchants ?
Any merchant who accepts e-gold. ... *Currently* there aren't that
many large merchants
aren't any, I
On 28 Aug 2001, at 2:29, Viking Coder wrote:
The high fees are used to offset the high fraud costs associated with
the conversion of soft currency to hard currency.
In the case of the very few MM who take credit cards, I agree. But
you will finds rates of 7-13% on things like cashiers's
Craig, I wholesale e-gold for less than that .. on a semi-regular basis
.. to my circle of MM clients.
However you think 2% for GoldMoney is impressive?
On orders of GoldMoney over US$75,000,
Coconutgold offers ONE-HALF A PERCENT
(that's a big SIC ... 0.5%) on GoldMoney purchases!
The point I was emphasizing was that it appears that someone is bailing in
bars, into the GoldMoney system, other than FideliTrade, which seems to have
given up.
FideliTrade is no longer listed as a cambio on GoldMoney's site. Doesn't
it seem a little odd that GoldMoney's only original
On the matter of exchange fees...
The main reasons for an avg. 5% fee have very little, if anything, to do
with the inabillity to bail in bars? (right?)
I disagree! I think they would be about 2% less, if they start taking JP up
on his offer, or bailing in bars.
Large amounts (10's of kg)
On 26 Aug 2001, at 22:14, Viking Coder wrote:
FideliTrade is no longer listed as a cambio on GoldMoney's site.
Doesn't it seem a little odd that GoldMoney's only original exchange
provider has stopped providing that service after only 6 months?
Nothing odd there. They just were not ready to
On Sun, 26 Aug 2001, Viking Coder wrote:
The point I was emphasizing was that it appears that someone is bailing in
bars, into the GoldMoney system, other than FideliTrade, which seems to have
given up.
FideliTrade is no longer listed as a cambio on GoldMoney's site. Doesn't
it seem a
Omnipay at 2%, right? Also, all new e-gold must now come from Omnipay,
otherwise the e-gold system wouldn't grow. This means that there is a demand
for e-gold in excess of the outexchanges, when e-gold is growing.
SnowDog
Precisly righ, Craig!
Question:
(i) who can buy e-gold at spot
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