I noticed E-gold is still up but haven't found a single way to sell it ever and still find very few people willing to deal with it. Anyone see E-gold coming back ever or you think they will have to close down and reopen with a new name or something.
In other words:
What do you see the future of E-Gold being?
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FWIW there is a link to a 4 page umm in-depth interview with Douglas Jackson HERE in ecurrency folder. No joy in the whole 4 pages for e-gold account holders with assets stuck in there. They may as well be invisible
I think there should be some type of govt intervention for this. I mean E-Gold was supposed to be backed by gold so the US govt should just force them to liquidate and pay it out to people who have accounts by percentage.
I mean lets think of it. The guy was convicted of money laundering so how can this e-currency possibly survive? It's within US juristriction so it shouldn't be too hard to regulate it.
Edit: Having read the full article I now see that again as usual our government is willing to make examples out of people and hurt so many rather than help people. They only care about winning and not about the people involved. The owned of E-Gold was obviously helping people long before he was charged with anything. This whole matter could have easily been resolved without a huge court case. Simply they could have asked him to start policing better or face a court case. A few threats of court cases rather than a huge undercover operation would have resulted in E-Gold being legitimate today and resulted in many people not losing money to it. People in our government often are too busy fighting to move up in the ranks than to help the people they have sworn to protect. It's pathetic and the worst part is. They are in the government no matter how far they move up they'll never make much real money anyway they are just greedy power hungry people.
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It'll never be the same though. It'll be under so much regulation it'll be like paypal.
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The whole point all along was to put e-currencies under the government's total thumb, whether or not any illegality was going on. Think, some people get cash advances off their credit cards every day and put them to dubious uses, but the feds don't shut down Visa or MC. Only e-Gold and like programs (not banks, or credit card companies) got forced into being made responsible for what thousands of members did with their own money.
We've gone in less than five years from a situation where a viable choice existed in the market where e-currency transactions could be done liquidly and with low fees and full privacy, to the present nearly illiquid situation. By design. Their point then as now was to track and monitor all financial transactions, and keep everybody ensnared in the bankster debt currency system.
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