[jryangold]

Hey Everyone!

So we have all watched the recent general decline of the number of different e-currencies and digital gold currencies. We are all now down to very few viable options with the major appearing to be Liberty Reserve. This is obviously also having a pretty marked impact on the exchngers business if you consider the fact that many larger named exchanges have exited the business over the last 12 months.

So what do you all consider as being the primary reasons for the current state of decline?

* Government Intervention (Mainly U.S)
* Reduced number of HYIP's pulling in new e-currency users
* Economic downturn
*Consolidation within the currency industry (although im yet to see much evidence)

It would appear that the number of Large HYIPS have been in decline for a while and it was always a fact that this drove alot of demand in the DGC industry. Could this possibly be a major reason to the current state of affairs?

I would have to believe that if the volume of business was still in-tact and that it was solely the US govenment stamping this type of industry out, that new currencies would be starting up fairly steadily. But It would seem that there really hasnt been any stand-out replacement for e-gold to date (except for liberty reserve) and that the DGC market has shrunk pretty significantly.

So what does everyone think? Time for a massive new Gold Backed Currency? Further consolidation in the market? U.S govt stamping out most of the industry? Too many people scammed/burned by DGC and now refuse to participate in the marketplace?

Open to all opinions.