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The e-gold web site has finally added a blog and with this humble sentence a new era in communication has just begun….
“Hi, I’m Douglas Jackson and this is the first entry of the e-gold blog.”
Some very exciting news from the Webmoney team…. Their new digital GOLD currency, WMGold, is now live. (WMG purse) .
All funds located in a WMG purse are 100% backed by gold bullion. The main agent I’m directed to is Metdeal.com and the price per gram (bid-ask) is posted on their web site. Or if your Russian is good, visit WebMoney exchanger wm.exchanger.ru. It will also soon be possible to buy gold using other authorized e-currency exchange services and the usual variety of payment methods.
(Q) Who would you consider to be your main competition and why?
There is no system quite like Liberty Reserve, which combines superior account privacy, excellent political jurisdiction, irrevocable payments, and state of the art security.
(Q) Are there any limits to how much money I can fund into a Liberty Reserve account? Are there any limits to the volume of transactions clients can perform?
There are no limits for regular accounts. However, because there are certain financial freedom restricting laws that passed or are contemplated in countries such as Australia and the United States, Liberty Reserve may, in some way, limit the volume, balance, or certain privileges (such as ability to gamble) of accounts of clients in those countries. Any such changes would, of course, be announced in advance, and at no time would Liberty Reserve freeze the value in any account for any reason except receipt of a legitimate court order.
(Q) Your information states that customer accounts all times 100% backed by U.S. dollars for LR-USD accounts and gold bullion for LR-gold accounts? Do you offer any audited balance information or do you have future plans to show monthly or quarterly how much is in the vault?
In the near future, Liberty Reserve will publish an independent accountant’s report, verifying the aggregate value Liberty Reserve’s assets held in trust for its customers, and matching that information to the total balances in Liberty Reserve accounts. This will occur without even the accountant knowing personal information in the accounts, only the balances.
(Q) How long has Liberty Reserve been a member of the GDCA and why do you feel that is important?
The Global Digital Currencies Association - www.gdcaonline.org - is the only industry watchdog that consists of voluntary members that agree to be bound by GDCA decisions during arbitration with customers and it allows customers to file complaints against members (and non-members for that matter). We are happy to say that we have no unresolved complaints at the GDCA.
Popularity: 4% [?]
Today I am interviewing Mr. Joul Lee the ‘Marketing Manager’ for Liberty Reserve Digital Currency.
Liberty Reserve is a 100% irrevocable payment system and digital currency. Liberty Reserve customer funds are protected by an offshore Trust, and at all times accounts are 100% backed by U.S. dollars for LR-USD accounts and gold bullion for LR-gold accounts and Euros for LR-Euro accounts. Customer privacy, security and absolute confidentiality are top priorities for the management and staff at Liberty Reserve. Incorporated in Costa Rica this organization is also a long time member of the Global Digital Currencies Association.
(Q) How long has has Liberty Reserve been in operation?
Liberty Reserve (LR) started as a private currency exchange system for import/export businesses that was later open to the pubic as it became more popular. It is functioning publicly since 2001.
(Q) Let’s pretend I’m a new customer asking about Liberty Reserve. I’m thinking of adding it to my 60 online retail sales web and giving you a lot of new business. Please list some reasons I should add Liberty Reserve to my business plan & convince me I should be doing business with Liberty Reserve.
Liberty Reserve is a one-stop, all inclusive, merchant facility where any online business, no matter in which country situated, can accept payments from anyone in the world. Liberty Reserve has exchange providers that accept deposits in Europe, Asia, United States, Australia, Central and Latin America, etc., and the number of agents is growing. LR also does not compete with exchangers by running its own exchange, unlike other digital currencies. This way, 100% of all volume passes via independent exchange providers who have no fear that LR will steal their clients. All this, plus our low rates and superior privacy and friendly jurisdiction is why Liberty Reserve is growing so fast already. It basically sells itself by word of mouth. Within a month, LR will add LR-Gold and LR-Euro.
(Q) Can I buy Liberty Reserve digital currency directly from your Company web?
Unlike other digital currencies that have gone out of business due to fraud and the like, we do not accept such risks. Liberty Reserve is a trust that holds assets for the benefit of the account holders. That is all that it does. In order to fund or outexchange value from a Liberty Reserve account, customers need to use an independent exchange provider.
Popularity: 4% [?]
Freenigma is a powerful new free service for web mail clients like Gmail, Yahoo, Hotmail etc. They will open it soon to the public and you should get signed up when they do to protect your email privacy. I hear it is easy to use and very strong encryption.
60 e-gold Exchange Agents, Who’s Still Alive? You Might Be Surprised… 
20 Comments
Noteworthy, Ecurrency News
Back in May, I wrote an article “Who’s Still Alive? 20 E-gold Agent Profiles“. This piece can be considered a follow up to that post.
One angle I’d like to explore, is just how much of e-gold’s business ‘jumped ship’ when they hit the wall. Are they fading away into the distant sunset? One way to calibrate their market acceptance might be to take a close look at who, if anyone, is still acting as an exchange agent for e-gold digital currency.
Are there any exchange providers that still accept e-gold or did the government’s indictment act as a deterrent to their daily business? Ron O’Brien, a senior security analyst at Sophos said in an interview, “But we’ll have to see if [this indictment] serves as a deterrent.” *
Well, open your peepers and let’s take a look.
E-gold exchange providers around the globe, with the exception of about ten, are all still actively providing exchange service for their clients. Even some of the larger agents which had their e-gold funds seized by the government, have just opened new e-gold accounts and are doing business today.
“In Doug We Trust” Who is still exchanging e-gold?
London Gold Exchange - Still strong! Debbie from LGE just confirmed with me inexchange (buy) for just 4% and outexchange (sell) fees are showing on their web as the low price of just 5%. What can I say about LGE that their web does not already tell us:
“In six years the London Gold Exchange has evolved into the Digital Gold and Silver provider of choice for thousands of happy customer’s world wide. Strategically placed with offices around the world, we are ideally positioned to enhance our reputation as the No.1 Digital Gold and Silver provider.”
Ice Gold - Alive but moving a bit slower today. They are accepting e-gold outexchange (selling) but its on a limited basis as they need it. “…we have set a limit of 10,000 USD (or equivalent) per customer in one day.” You can also buy e-gold from them for a 2% fee. International bank wires or local Estonia wire transfers are accepted. If you speak German, you can read the recent interview Paul Vahur gave to a liberty.li magazine regarding e-gold and the US actions.
AnyGoldNow - From their web, they appear to be alive and kicking. I just visited and their forms are working to process in and outexchanges. I will assume that means they are still active in the e-gold business. Their web shows, to buy e-gold, you will only pay between 1.25% and 2%. If you would like to sell, your outexchange fees will be 4%-7%. That is not too bad for Patrick’s quality service. AnyGoldNow features same day exchanges and trades e-gold, e-Bullion, Pecunix, C-gold & Phoenix Silver. Here is a new c-gold agent!
EuroGoldSales - Still exchanging e-gold. Like other agents, their rates vary. Sell them e-gold today you would be paying 6% in fees
Popularity: 7% [?]
Last week ushered in a shiny new golden beginning for digital money users. C-gold, a Malaysian start up digital gold currency, quietly entered the marketplace and now just a few days old it is rapidly gaining acceptance. C-gold, operates very similar to e-gold and even has that deja vu look and feel of the e-gold web site. However, in the past few days, there has been much discussion on chat lists revolving around whether this new business is just a clone or much more.
WebMoney Transfer has grown into much more than a local Russian payment solution. In the years they have been online, Webmoney has expanded into a global payment system transacting billions of Dollars, Euros & Rubles each year. Soon, it appears they may also offer a gold based Webmoney currency type, but no there is official comment on this yet. That is really exiting.
(Q) Your primary exchange agents for CSATM, how did you choose them? Or did they request to work with CSATM?
I contacted them. Having devised this system I knew I needed Exchangers to work with. I have also contacted more exchangers than accepted the ATM. I believe that as coverage expands, the exchangers will be happy to add us to their list of services.
(Q) Is it difficult to become a CSATM exchanger?
Exchangers are subject to the full KYC requirements. They are acting effectively as money service businesses, and the ATM has to be cognizant of that and ensure that all legislative guidelines are being adhered to. I don’t think that is difficult for anyone who is seriously in the Exchange business.
(Q) Do you allow your users to work with HYPS and AutoSurf/Investment programs? Or do you really know what the users are doing with their accounts?
CSATM works with HYIPS and autosurfs. The system can be integrated to their scripts (although I do note a preponderance of encryption of scripts - I cannot incorporate where encryption may be). This brings up an important point. As you would be aware there is a preponderance of hackers and whatnot within that hyip field. Security is paramount. Or should be. The CSATM API will only work with servers that are pre authorized. And only with a location that is preauthorized (the location is provided to CSATM in encrypted format - I do not know “where” it is. This encryption provides security against those who might hack a hyip or autosurf script and then try and run with the money. If a site has their server hacked - they will lose their assets. This is the case now with any other form of payment processor. Admins in that area need to keep their servers safe, the ATM will provide for security and integrity of our API, but that is as far as it goes.
The other point that has to be made is that the ATM does not accept business from adult sites, terrorist sites or warez sites. As the IP of every server using the API is known, I can ensure that this integrity is maintained. Now it also has to be noted that just because an IP is allowed, I do not know the location nor amount of savvies they are collecting. That part is secure. The above IP requirements were added as a direct response to some of the charges e-gold is currently facing.
Popularity: 2% [?]
Today I’m interviewing with the operator of the CyberSpaceATM (CSATM).
The CyberSpaceATM is a new concept based on the Loom System of value transfer. It private, liquid and quickly becoming very popular.
(Q) I’ve read your web site and see the CSATM advantages: “There are many advantages to using CSATM: Transaction Privacy, low transfer fees, reliable exchange options.” Exactly what purpose does the CSATM serve? How does it aid your customers with online value transfers?
Independent e-gold agent resumes exchanges on a limited basis. Good news for many.
Outexchanges resumed 26.06.07 Update
The seized assets shall remain frozen. That’s the e-gold that was seized and sold for cash, all 1MDC account gold included.
MINUTE ENTRY ORDER denying [35], [36] Defendants’ Motion to Vacate Seizure Warrant and to Modify Restraining Order and Request for an Evidentiary Hearing. For the reasons stated at the June 21, 2007 hearing, in open court, the Defendants’ Motion is hereby DENIED. This is a final appealable order. See Fed. R. App. P. 4(a).
Patrick Chkoreff’s Loom Gold Q & A Plus The New Tutorial Video
0 Comment Ecurrency News, MiscellaneousAssets, usage tokens, grids….what’s all this?
Read previous entries 1 and 2 so you can catch up on the Loom system or just watch the new Loom Tutorial Video.
There has been a lot of discussion in the past few weeks about Loom Gold and the Loom system. An Open Source ‘value transfer’ system, descriptions of the Loom have ranged from ‘economic dial tone’, fun with giant spreadsheets and on down to simply ‘the grid’. I believe Loom is all of those and more.
What can Loom do for you? Patrick and I spent some time on Skype. He explained and I listened. Here are a few of the points from our discussions which I have pieced together in Q&A form and mixed with some additional info. The following, along with the previous 2 posts on Loom, may help you to understand the dramatic benefits of Loom Gold and the reason I feel its has such a bright future.
Is Loom just an online accounting tool?
Patrick: Correct, Loom is not a currency. At its core, Loom is an entity called the Grid, which is somewhat like a giant abacus with one slight complication…you must reserve space on the abacus with “usage tokens.” Usage tokens are burned up in small fees as a user sets up their folder(s). This technique prevents the public from despoiling the space, and compensates the creators for the energy and time they spend maintaining it.
Advanced functions and API information can be found here. A very helpful interactive grid tutorial to help you set up and test grid operations can be found here and here is my newest informative Loom Tutorial Video.
Popularity: 4% [?]
Homo erectus was the one of the first creatures to walk upright sometime around 1.6 million years ago and he pretty much set a ‘trend’ for the rest of mankind. This evolutionary ‘trend’ is still followed by most of us today, especially when it comes to finance.
Ok so you are interested in what is happening to e-gold because you have been paying and receiving e-gold online for months or even years now. But besides this great NOBS blog, where can you see who else supports e-gold and who is involved?
Try the new e-gold User Social Web for supporting and discussing the future of e-gold’s online business.
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