I asked the question.

[sorre]

I don´t use to write here... But sometimes I have to =).

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Every currency is worth as much as anyone is willing to pay/exchange for it.
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In every country banks are used to regulate a country´s inflation (togheter with the interest rate). Banks use the same money to make loans over and over again (in that way the banks are "creating money"). Ofcourse. All that money doesn´t exists. As long as people feels safe about the value their bank balance shows... That the digits is really worth that money, there won´t be a problem. The money doesn´t even have to leave the bank system just transfered inside, to be paid for other valued services or products.
But of course, if many people would like withdraw cash at the same time... It would be big problem. Cause the money doesn´t exists. In many countries the goverment would not let this happen (since the banks are regulating the coutries economy) and gives the banks financial support.

However, look att Dxgold as a small country, which regulates the total e-currency market. The bigger the e-currency use, in general is, the better it is for everyone. Of course Dxgold can inflate their own currency (dxg) too much, but that won´t be an issue with the current management.

Just try to relax... And let the system regulate it self. Look at the big picture, instead. And hope for a bigger e-currency market in general.

It feels like small children screaming... And it´s getting silly to hear.


Have a good time. And do something constructive =)


Bst Regards /Jens

[blacke28]

Originally Posted by PrivacyPirate

So what is your point? That there is no real value to the bonuses we are paid in DXG.

The point is that these bonus to be real (e-gold, INTgold, etc) needs the money from others DXmerchants... if I take $8k from the system back to e-currencies, DXmerchants that processed my outxs will have $8k DXG plus bonus... if I didn't put again those $8k from e-currencies into DXG... then the money from others DXmerchants will be needed... so all DXmerchants can't take all the money back to e-currencies because there is a lot of monopoly DXG not backed by the money that all DXmerchants have in e-currencies (e-gold, INTgold, etc).

[ybop]

The beauty of dxgold is that unlike a bank it is self regulating as far as funds transfer is concerned. If too much money starts to leave the system, outxs slow down until the imbalance is corrected by sufficient funds coming in. Whether is is legitimate or not, it is nicely stable (hopefully for a while yet)

One point I'd like to make is that if you click on the "privacy statement" section 15 states

Preparation is underway for the system to be examined and reviewed on regular intervals by third parties to ensure that the integrity and high governance standards being set within the industry is maintained. Reviews of the governance examination will be posted and available for viewing by Users at the time of the release and at further updates.

If this actually happens one day then it will set a lot of minds to rest. (Mine included)

[PrivacyPirate]

The point is that these bonus to be real (e-gold, INTgold, etc) needs the money from others DXmerchants... if I take $8k from the system back to e-currencies, DXmerchants that processed my outxs will have $8k DXG plus bonus... if I didn't put again those $8k from e-currencies into DXG... then the money from others DXmerchants will be needed... so all DXmerchants can't take all the money back to e-currencies because there is a lot of monopoly DXG not backed by the money that all DXmerchants have in e-currencies (e-gold, INTgold, etc).

Your missing the idea. DXG is money. It doesn't need to be backed by other forms of Money (perceived value). It has a perceived value by itself. All money that you feel so safe with is the same as DXG, and working on perceived value. So if it makes you so uncomfortable to have your funds in a currency that works this way. Again cash out all of your dollars or whatever, and sit on physical Gold.

[blacke28]

Originally Posted by PrivacyPirate

Again cash out all of your dollars or whatever, and sit on physical Gold.

Why? I'm taking the risks and profiting from DXgold...

If I think it's a ponzi or not, or if there is unaswered questions... is another history...

[pluggy]

Ecurrency market ? GDT don't claim to be trading ecurrencies, Nothing on their website says they are trading ecurrencies. This is an attribute that has been placed on them by third parties. DXGold don't make many claims at all in fact. Their T&C and 'About Us' speaks in vague terms about secure data channels and global payment systems. Take all the Third party hype out and look at what they say about themselves. The infamous ATM analogy wasn't written by GDT. This is the line of my argument. There has been a lot of 3rd party material written legitimising it but they say very little themselves. I do a good line in tinfoil hats

[eagle9]

Originally Posted by pluggy

I know you're not arguing on these lines, I'm not stupid and I don't believe you are either. But you've agreed that we're paying each others gains, doesn't that strike you as odd ? Where are you and I getting the money to pay each others gains ?.

This thread is fun

Anyone that uses the DX system must be partly responsible for each others gains .
Otherwise it would then strike me as really odd as to where the extra cash was coming from.
I have been in this DX system since April 2003 and I know of people that use it as a :

• 1)portfolio
  2)dxdaily,which is another means of portfolio but is selling and buying digots to others to make a profit
  3) Avertising
  4) DX business
  5)LDX

It is also used in business transactions to other business even though you have never spent as you say through it.
But it is really simple to do with all these E-Currency debit cards and as you know you can easily transfer money through them.
They can be used as an ATM card or P.O.S at shops but I must admit that Britain is way behind in thes stakes.
And their is a great demand for it whether you agree with it or not and I am only scratching the surface of what I have collated in my time.
Now even if it was just DX Consuls I would say the main part of the funding would have to come from the exchanges & Bonuses.
But would that be a bad thing , as the Forex Markets are in similar fashion of Money passing to and from winners & losers.
The only difference is that is gambling and the companies of certain forex traders make vast profits and this is why their is a win/loss situation.
But our profits are generated within each and everyone of us so the money is already lying their waiting to be exchanged and not gambled.
Now if the profits are just consul generated then I agree all this money would be just passing to and from the members.
But It would still be like shopping for a product or buying a service which is what we are doing.
Some people are glad to pay money/fees for this service and find it an easier system than banking.
Even I have found it to convenient at times with my little expeditions and travels all around the world.
Anyway that is my view and I cant see anything wrong yet !!! with the system and I am one of the worst skeptics around I can tell you .

[PrivacyPirate]

Why? I'm taking the risks and profiting from DXgold...

If I think it's a ponzi or not, or if there is unaswered questions... is another history...

Yes you are taking risk in DXGold. You are risking that while your funds are in DXG form that the perceived value will drop, and you will lose value on your funds, but you are also taking this risk by having your funds in any currency for all the same reasons, since they are all based on the same thing. My point is the arguments you are making to flame DXGold and its currency DXG can be used against any fiat currency. So it is not valid.

[ybop]

I am one of the worst skeptics around I can tell you

I have to agree with you there. You're the only "skeptic" who doesn't seem to have the slightest bit of skepticism! Now Pluggy, he is a truly excellent skeptic!

Just an attempt at humour

[eagle9]

Originally Posted by Ybop

I have to agree with you there. You're the only "skeptic" who doesn't seem to have the slightest bit of skepticism! Now Pluggy, he is a truly excellent skeptic!

Just an attempt at humour

Its got something to do with his Lancastrian background