[E-Lang] Fw: Chairman of e-gold Ltd. Statement

[Jonathan S. Shapiro]

----- Original Message -----
From: "David Farber" <dave@farber.net>
To: <ip-sub-1@majordomo.pobox.com>
Sent: Saturday, March 31, 2001 2:03 PM
Subject: IP: Chairman of e-gold Ltd. Statement


>
> >
> >Subject: re: Secret Service Raids E-Gold
> >Date: Fri, 30 Mar 2001 19:05:34 -0500
> >From: Douglas Jackson <djackson@omnipay.net>
> >To: newsfeedback@wired.com
> >CC: declan@wired.com
> >
> >I am the founder and Chairman of e-gold Ltd.
> >
> >Contrary to the luridly irresponsible and actionable headline on this
> >article, there has been no raid on e-gold Ltd., or on Gold & Silver
> >Reserve Inc. [dba  OmniPay http://www.omnipay.net ], the company that
> >originally developed  the e-gold system and currently serves as
> >Operator.
> >
> >The more edifying reality is that e-goldÆ is the worldís first
> >electronic currency designed for borderless eCommerce, enabling the
> >worldwide use of gold as money. It merges the digital transaction
> >efficiencies of an electronic payment system with a universally
> >acceptable basis of value.
> >
> >The advantages of e-gold include:
> >. Low transaction fees ñ The maximum payment processing fee is 50 cents
> >(US-equiv.). For a $1000 value payment, this is less than one twentieth
> >as much as credit cards.
> >. Immediate settlement ñ e-gold payments clear instantaneously, no
> >matter how large or small the payment, no matter how far apart the
> >spender and recipient.
> >. Non-repudiation ñ No chargebacks. Get paid, stay paid.
> >. Direct access with bi-directionality ñ Anyone can pay or be paid.
> >. Automation support ñ The e-gold Shopping Cart Interface is easily
> >implemented and provides immediate authenticated notification of
> >completed payment.
> >. Zero financial risk ñ e-gold is the worldís first remote payment
> >system backed 100% by physical gold in allocated storage.
> >
> >e-gold is in fact succeeding where other electronic payment initiatives
> >are failing because it is designed specifically for worldwide eCommerce.
> >All others merely add additional layers of liability to legacy systems.
> >
> >Since online launch November 1996, the e-gold system has been growing at
> >an accelerating pace. As of April 2000, 100,000  transactions had been
> >settled. The one millionth transaction was November 2000 and the second
> >million mark surpassed in March 2001.
> >
> >It is regrettable that the first time many people will hear of e-gold(r)
> >will be this sloppy and damaging Wired headline.
> >
> >Dr. Douglas Jackson
> >Founder of e-gold
> >
>
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