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Mar 24th 2007
E-gold Changes - Point of Contact & Maintenance Date
Ecurrency Update, Ecurrency, Ecurrency NewsTags: E gold, E gold Maintenance.
If you notice a little downtime earlier on E-gold, its probably this new change that they’re doing earlier.
You’re now required most probably to update your point of contact by selecting the Country you are in.
The reason for this additional change is not known yet; I’ll email them to see if we could get an answer to that.
And take note, there’ll be a server maintenance on the 30th of March, details here with the time decyphered on your zone.
Popularity: 2% [?]
First easy reason US Gambling Laws, and Proxy Servers.
As sharp as ever Curt!
Hmm, I thought the country was always required. Besides, it doesn’t matter, they can see it anyway from your IP address
I think that the reason is about the last new feature.
As you know there is an option to block accounts from USA people, but they need to know where are you from
Sorry, I mean the feature to choose not receiving money from USA members’ accounts (not blocking accounts).
Before it was a text area field. I don’t see how that allowed for a perfect management or tracking of accounts from US and other countries.
Lots of pressure on egold these days.
I don’t understand why e-gold doesn’t just redomicile to an offshore location. I mean G&SR ltd, NOT e-gold ltd. It would certaintly avoid SEC and other nosy intrusions into their business. Let’s face it, e-gold is a monetary system, and hence competes with the Federal Reserve who obviously doesn’t like free-market money. In the long run the only shafe place to be in OUTSIDE the UNITED STATES. E-gold servers and offices are located in Florida - bad choice in my humble opinion. Another thing I’d wish e-gold would do is introduce some sort of “cryptocard” (a la e-bullion) type of security system. That move alone would quell hacking attempts. On a different note, I think it’s cool that some programs (like LifeHoldings for example) are accepting e-bullion payments. I also wondering what do you people think of pecunix. From what I’ve read, they’ve got an excellent security system and track record.
HI allinvain,
I responded to your PM in NoBS Networkforum on 03/14/07, but haven’t heard back from you. Jude was still tweaking the forum back then, so you may not have received an email notification.
Thanks,
Sharon
Sorry Sharon…I’ve just replied to your PM on the forum..and yah, I did not receive any e-mail notification..so I’ll have to slap Jude around for a few minutes ;)…lol take care
My egold account has an option now to block transactions from American Citizens. Maybe that has something to do with it.
Here’s the answer
e-gold Empowers Online Gambling Sites
to Refuse Payments from US Persons
On October 12, 2006, the Safe Ports Act was signed into law in the United States. As a result of the Safe Ports Act and the Unlawful Internet Gambling Enforcement Act of 2006 contained in the Safe Ports Act, the facilitation of many forms of Internet gambling by persons located in the United States has become a proscribed activity. With the objective of preventing the use of e-gold by United States persons for unlawful online gambling, e-gold has deployed a feature whereby any e-gold account holder may configure their e-gold account(s) to block incoming e-gold Spends from accounts controlled by Users residing inside the United States or who are accessing the Internet from within the United States. Online gambling businesses using e-gold are now required to enable this new account attribute.
Hi Maxvre, thanks for sharing and welcome to our community!
Thank you for the information Maxvre!
The funny thing is that gambling is becoming less regulated within the US. More and more states now allow slot machines and other forms of legal gambling. (The count may be more states allowing, than not.)
Could the “Safe Ports Act” just be a way of keeping gambling money inside of the US, where Uncle Sam can get his hands on some of it? The US is suppose to be a free country, but we have more regulations to “keep us safe” than any place else that I know about!
I’m not a happy US camper.
JMO,
Sharon
sharon - I think you’ve hit the nail on the head. Watch their actions, not their words. The anti-gambling movement isn’t anti-gambling at all; it’s simply anti-offshore gambling. They want to tax the hel out of your earnings, and they want to control and see what you’re doing, which they can’t do as effectively if you gamble offshore. By keeping it in the US it’s all ‘in the system’. Good ‘luck’ gambling folks