Forex Hyip Egold News

What is e-gold?

blog@defendgold.com (Robin Daniels) — Fri, 24 Aug 2007 05:17:00 +0000

What is e-gold?

e-gold
is an electronic currency, issued by e-gold Ltd., a Nevis
corporation, 100% backed at all times by gold bullion in allocated
storage.

Here
to stay

e-gold
is always as good as the gold it's backed with - this year,
next year, a thousand years from now.

Trustworthy

Pursuant
to the e-gold Account User Agreement, the physical bullion
that comprises the value backing e-gold must be insulated
from physical, legal and political risks. Title is held by
The e-gold Bullion Reserve Special Purpose Trust that exists
for the express purpose of holding bullion for the exclusive
benefit of all e-gold account holders collectively.

Transparent

e-gold
Ltd. offers an unprecedented level of transparency: total
e-gold in circulation vs. total bullion reserves are provided
in real-time via the e-gold Examiner accessible from the e-gold
website.

World
Wide Money

e-gold
is accounted by weight of metal, not US$ or any other national
currency unit. Weight units have a precise, invariable, internationally
recognized definition. Additionally, precious metals, gold
in particular, enjoy a long history of monetary use around
the world. Thus, e-gold is ideally suited for international
transactions.

No
barriers to entry

It
costs nothing to open an e-gold account. There is no credit
check. There is no minimum balance requirement. There is no
concept of a "merchant account" in that all e-gold
accounts may Spend e-gold or receive e-gold payments.

In
short, you are minutes away from opening your
first e-gold account.

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autosurf

blog@defendgold.com (Robin Daniels) — Fri, 24 Aug 2007 04:21:00 +0000

An autosurf is a type of online advertising program. Autosurfs are traffic exchanges that
automatically rotate advertised websites in one's Internet
browser. Therefore, they are capable of bringing a large amount of traffic to the advertised
websites. Members earn credits for each site that they view, which can then be spent to advertise members' sites by adding them
to the autosurf rotation. Sites may additionally be added by external advertisers who pay the autosurf operators.

Concept

Autosurfing is a unique form of advertising: normally, advertisers pay intermediaries to display advertising to their target
audience, and the advertising is presented to the audience in places where they are likely to see it, such as in public places,
or packaged with entertainment. In this sense, no money changes hands between the audience and the advertiser.

In comparison, autosurfers are paid to view pure advertising (that is, advertisers' websites) for a certain amount of time
(usually, less than 30 seconds). Interested viewers can pause the surf timer or open any site in a new window, giving themselves
more time to peruse an ad. If the viewer is not interested and does nothing, the surf timer will restart after the specified
period of time and a new site will be loaded into the browser. The surf rotation requires no feedbacks of any kind; in contrast
to manual surfs, paid to read email or paid to click sites.

Autosurfing allows members to promote websites of their own choice, according to a system of credits earned by surfing.
Members usually earn credits in a fixed ratio to the number of sites they view. Member-promoted
websites may or may not be their own websites. If not, they are most often the members' referral page at another autosurf or an online money-making program. This is because many
autosurfs are structured as pyramid schemes: members may earn a commission for each site
that their referrals view, and are therefore encouraged to build a downline.

As autosurfs are run from websites, online payment processors are used for members to upgrade
and withdraw their profits. The most popular form of e-currency used is e-gold or
e-bullion. StormPay was a very popular payment processor
until February 2006 but has now converted to an auction site.

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Webmoney Offers Many User Tools

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 09:14:00 +0000

The popularity of an online payment system can be recognized by the tools and convenient options it provides users. Webmoney Transfer is light years ahead of other systems in popularity, convenience and advanced financial options.

Here are some example of useful tools which are offered by Webmoney Transfer.

WM Services (English)

Payment instruments

WM Top-Up — Funding your WM Purse with prepaid cards or vouchers in Europe. paysafecard or UKash

PAYMER Digital Checks

WM2MAIL — WM-transfers via e-mail.

Paying for Goods and Services

Megastock.ru — Directory of retail businesses and internet-resources which accepts WM.

Geo.webmoney.ru — Geo info, locate WM agents and businesses -3592 cities: 44 countries-

Security and Authorization

Security and Authorization — WebMoney Transfer security, users set their individual security preferences

Verification Service — Issues digital certificates (passports) based on the real information provided by users.

WM Trust — Prevents user conflicts and ensures mutual agreement without third parties.

Enum — Authorization service. Strong protection for transactions and users.

Software Activation Service — Protection for your WM software.

Phone Plug in — Allows users to talk on a secure channel to other WebMoney

Budget Planning and Automation

Banking.wmtransfer.com — Bank transfers in and out of WebMoney Transfer.

Masspayment.wmtransfer.com — Bulk payments service.

Merchant.wmtransfer.com — Integrate WebMoney Transfer into your web site.

Files.webmoney.ru — Private file exchange service within WM.

Mail.wmkeeper.com — Ultra secure messaging service.

Exchange and Credit Services

Debt Service — The WM Customer’s financial social network.

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Offline Prepaid Solutions -The Ultimate In Online Account Funding

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 09:11:00 +0000

Need to shop online but don’t have a credit card?

In the US, you can waddle down to any grocery store or convenient store and buy a prepaid Visa or MasterCard. Then just turn on the old PC and go shopping. Of course if your purchase is not exactly $25, $50 or $100 you are left with a strange unused balance. Lots of prepaid cards with odd balances…can be a waste of money if you are not careful.

eWallet Alternatives?

If you want to fund an online eWallet like PayPal, INSTADEBIT, Citadel, UseMyBank, Moneybookers, Neteller or Firepay can you simply buy a prepaid card? In all of the 7-11 stores around the globe have you ever seen $50 prepaid PayPal or Moneybookers card hanging on the rack next to those stale doughnuts? No, these online money giants relay on personal credit card funding, checks and bank accounts. Mainstream finance type stuff.

But what about all the Joe Public Internet users out there who just got paid and want to spend online? That prepaid Visa card with the left over balance gets old very fast! There is a growing army of online customers who want to spend and shop but are left with few cash-to-digital options…..however, that is changing in Europe, the UK and even the US.

The creative smart money minds around the globe are finding excellent solutions for all these people and cashing in big by targeting this market segment.

Online/offline cash payment solutions like toditoCard (Mexico), Webmoney (Global), SNAP Card (UK), Ukash (Europe & UK), Wallie-card (Netherlands), paysafecard (Europe & UK) and TrioPass (USA) are all now working directly with populations of people who have cash and want to spend it online. The market for these products which easily link cash money and digital money is growing rapidly because consumers are demanding it.

Products that stand out in this list are:

(1) paysafecards which can be purchased at values of £10, £25, £50, and £75 but users can combine up to ten paysafecards for any single transaction.

(2) Webmoney Transfer has teamed up with both Ukash and paysafecard to accept WM account funding in cash at hundreds of thousands of locations across Europe, Ireland and the UK. An added bonus for using this service is that Ukash funding is instant and free!

The next time you would like to shop online, look around for cash options. You will like what you find.

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Neteller to return funds to US customers

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 09:09:00 +0000

NETELLER is continuing to cooperate with the investigation being conducted by the United States Attorney’s Office for the Southern District of New York (’USAO’), under the advice of its legal advisers and in accordance with court orders in the Isle of Man. The Company is in discussions with the USAO for the purpose of resolving the investigation. The Company has advised the USAO that it will use its best efforts to resolve the investigation no later than 13 July 2007.

On 21 March 2007, the Company announced that it signed agreements with the USAO and Navigant Consulting, Inc. (’Navigant’) with respect to, among other things, developing a plan for the distribution of funds to US customers. Since then, in accordance with the agreements, the Company has worked with the USAO and Navigant to develop the plan. The Distribution Plan is now agreed upon, and the Company anticipates implementing the plan upon the resolution of the investigation.

The agreed Distribution Plan details the process and mechanisms for the return of funds to US customers. US customers will be able to access their NETELLER accounts online for a certain time and make a request for their funds. In accordance with NETELLER’s Terms of Use, no interest on account balances will be paid. NETELLER will not charge fees to customers to process requests for funds. Funds will be distributed either by electronic transfer to the bank account on record with NETELLER or by a cheque to be sent to a mailing address as confirmed by the customer. If a US customer has a bank account already registered with NETELLER, funds transfer will be by electronic transfer subject to confirmation by the customer that the registered bank account remains valid. US customers will receive the entire balance of funds in their account; no requests for partial payments will be processed. US customers cannot use their accounts for any transaction other than to request the funds.

Further information will be communicated to NETELLER’s US customers via email, through our website and through a press release once the date for implementation of the Distribution Plan is finalised.

Ron Martin, Group President and CEO said: “The agreement on the Distribution Plan represents a milestone in our cooperation with the US authorities. While we are disappointed not to have been able to return funds to our US customers at this point, we believe that the steps we have made in our discussions are significant and we hope to be able to announce further progress with the USAO by 13 July 2007.”

The Company continues to work with Navigant to produce a report to the USAO on the Company’s current financial condition. On 8 February 2007, the Company informed the market that approximately $55 million had been seized by the USAO or otherwise restricted by third parties. After ongoing consultation with the USAO, the Company currently believes this amount could be up to approximately $60 million.

The Company’s shares continue to be suspended from trading on AIM in view of the continuing uncertainties the Company faces although the Company is making progress towards achieving restoration of trading. The Company is also working towards the finalisation of its audited annual results for the year ended 31 December 2006 and will announce the date on which these will be published to the market in due course. NETELLER customers not resident in the US continue to be minimally affected by the withdrawal from the US market.

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Subject: Thousands of Americans have already found an online gambling solution

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 09:06:00 +0000

Just as I receive another eye catching online gambling e-mail solicitation entitled, “Subject: Thousands of Americans have already found an online gambling solution” my eyes move down the newsreader to find another story like this one, “Online Gambling - Processors Stung by DOJ“.

It seems the US government is seizing more money from Citadel and Firepay, both online gaming processors.

Despite big brother’s activity, Mark Crawford, the Chief Editor for Gambling Rights America is still happy to email me about twice a week extolling the fun benefits of online gambling for US players. Usually included in his email is some happy text about how, “the online gambling ban may affect you”. Despite the fact I’m not a US player, I still enjoy receiving his email and it makes for interesting discussion.

I also get frequent and ‘exciting’ news from someone named “Kat” involved with gaming promotions. Her mail arrives with [spam] in the title, but it is also fun reading. Today’s email invites American online players to a casual day of slots with a $500 bonus.

Subject: [SPAM] American Players Welcome - Free $500 Welcome Gift - Start playing at SlotsPlus Casino NOW!

Despite Rep. Barney Frank (D-Massachusetts) introducing legislation to ‘re-legalize’ online poker and gambling in a more regulated environment, I’d say the condition of US online gaming today is quite a mess and just getting worse.

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cashU Partners With Ukash For European Expansion

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 09:05:00 +0000

This has got to be one of the greatest online partnerships in history for my unbankable crowd (online users who still spend cash money).

Just announced, cashU, which is the largest Internet payment system in the Middle East and Africa has shaken hands and partnered with Ukash which is Europe’s leading cash-based online pre-payment company. I’ve written about cashU just recently and Ukash has also been making digital currency headlines in a beneficial partnership with Webmoney.

The great news here is that Ukash has tens of thousands of locations (120k+) across Europe including the UK, Ireland, Spain, Germany and the Netherlands. At any of these locations a person can walk in with cash and purchase one of their vouchers which will spend online or fund an online product account. In this case, cashU would be the convenient online product which is receiving the cash funding.

cashU has a massive reseller network that stretches across North Africa and the Middle East from Morocco to Iran. This merging of business products and brand synergy should offer new expanded options and additional online shopping for a few million new customers.

In a brief statement, Martin Waldenström, General Manager for cashU had this to say, “I’m very excited about the new partnership between cashU and Ukash. With over 120,000 payment/purchase terminals, Ukash has a high density retail penetration in Europe, and is of great advantage to cashU account holders.”

Ukash is already accepted by Webmoney making this digital currency accessible to millions of cash users across Europe.

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Look Out Virtual Worlds….Here Comes The US Congress

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 08:53:00 +0000

Sometime around August, the US Congress Joint Economic Committee (JEC) will release their most recent report on the potential taxation of virtual goods. At present there is no denying the monster growth in these virtual worlds such as Entropia Universe, World of Warcraft, Second Life & EverQuest.

While the consensus is that the JEC is not yet seeking to impose new taxes on virtual economies, the Internal Revenue Service has started paying very close attention to these new ‘virtual’ issues. Real world sales proceeds from virtual assets such as castles, weapons and private virtual currency may soon have to be reported.

If Congress heads in the direction of taxing virtual worlds, this could create big problems for the game software creators and operators. Not to mention legal and tax jurisdictional problems, server placement….on and on. Forcing publishers to create taxing solutions to these potential problems at this early stage of the game could stunt the growth of this blossoming industry.

The multitude of in house banking, loan and ‘virtual’ financial services coupled with secondary markets disconnected from the primary game webs already creates a big problem for any agency trying to wrangle this virtual bronco.

I’ve been keeping an eye on Sparter’s new Gamer2Gamer market for virtual currency, along with the 5 new virtual banking licenses just sold at Entropia Universe and even the rumored ‘closer look’ by the Feds at possible violation of the UIGEA by Second Life. Its a brave new virtual world out there.

I hope that, unlike the digital currency industry, virtual gaming companies are spending on lawyers and lobbyists to bolster some helpful support before any possible regulatory hammer falls.

Bottom line…go easy on the new virtual economies and let them grow! Big government has already put the fix in for online gambling, please steer clear of the virtual worlds.

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WHAT IS EGOLD??

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 08:52:00 +0000

e-gold is a digital gold currency. It is issued by e-gold Ltd., a Nevis Corporation. It was established way back in 1996. This electronic currency is backed ounce for ounce by actual gold bullion. This system of online payment allows the transfer of money between e-gold account holders. Acco4rding to recent estimates, there are approximately 2.4 million e-gold account holders at present.

You will find that e-gold Ltd. offers a variety of e-metals. So, there is e-silver, 100% backed by silver, e-platinum, 100% backed by platinum, and e-palladium, 100% backed by palladium. But without doubt e-gold beats all these metal currencies hands down. e-gold is has been integrated into an account based payment system. What this means is that an e-gold account holder can use gold as money. To be more precise, with e-gold system, you can transfer desired weights of gold to other e-gold accounts. What is more interesting to note is that in reality only the ownership changes. The gold in the treasury vaults remains there itself.

What should be understood though, is that e-gold is in no way connected to banking. When you use an online system that utilizes a currency based online exchange system, you are considered to be engaged into banking transactions and as such you come under the jurisdiction of federal laws regarding banking. But when you exchange e-gold, you are just exchanging the actual ownership of the gold and nothing else and that is why you are in no way engaged in banking and consequently don’t come under the purview of such federal laws like “Know your customers.”

Now, for the part that e-gold is one hundred percent backed by gold. This means that when you are engaged in transactions through your e-gold account (if you buy something or if someone spends to your account) you are in reality receiving a weight of gold. The best thing about this type of transaction is that the amount of gold that you have is not going to change until you spend or redeem it for a currency or take delivery of it. But with currencies, the actual purchasing capacity of the currencies is sure to fluctuate. You would be at the mercy of economic policies of the government and the inflation that there wrong policies could bring. But with e-gold you are completely safe.

e-gold is considered a pioneer in the field of alternative currencies. It is considered the best alternative to traditional forms of payments. Most of the times, traditional forms of payment and that too in online transactions prove to be more costly and quite inefficient. When you deal in e-gold, you are provided with a system of transaction which clears instantly. And you must have dealt with cheques or credit card where a typical transaction takes days to process. Similarly, with most of the online payment systems like paypal, they make a distinction between merchant and non-merchant accounts. There is no such thing as merchant and non-merchant e-gold accounts and consequently all the e-gold accounts carry the same fees besides they also have the same capacity to receive and transfer e-gold account holdings.

Thus, we find that e-gold account is one of the finest ways of managing an online account and it has become a benchmark in online transactions.

HOW TO FUND YOUR E-GOLD ACCOUNT?

Creating an e-gold account is a child’s play. Anyone can do it. And what’s more there is no fee to open an e-gold account and there is no minimum balance also. There are absolutely no restrictions on opening an e-gold account. No restrictions based on geographic locality, age, status or for that matter anything. To open a new e-gold account you just need to open the “new account page” on the e-gold site and then you just need to fill the simple form provided on it. The whole process won’t take you more than five minutes or so.

But what use would be your e-gold account, if you won’t have any e-gold in it. And you will find that funding your account would prove to be more difficult than the process of creation of the account. It is quite surprising (and I have not come across reason for this!) that e-gold does not offer any way to buy or sell e-gold themselves. You will have to make use of a third party called a Market Maker. A market maker is someone who exchanges national currencies for e-currencies. And when you send him the request, this merchant places the e-gold in your online currency account. The whole process can be reversed also. If you wish to exchange your e-gold, they would buy your e-currency and would pay you in your national currency.

Funding an e-gold account is being made more and more convenient. So, you can fund your e-gold with PayPal. You can also buy e-gold with a credit card. This option should generally be avoided because the market maker would charge you anything from 15% to 20% for it. This high cost is most probably because of cost to him of fraudulent charge backs. You can also use debit card, bank wire, bank draft, cash, electronic banking, and many more. As the time is passing the options are also being broadened.

You will find that e-gold provides a page that lists several market makers and you will find that there exist some differences in the fees charged by different market makers. On an average the fee varies from 4.5% to 10% for small transactions. You will also find that there are some market makers who don’t bother about small transactions at all. Most of the market makers tend to prefer bank wire transfers and money orders to fund an e-gold account. As we have already discussed, one can also use PayPal or credit cards (avoidable because of high transaction fees). There are also some market makers who give you the option of going to a bank branch to deposit the funds directly and we think that in case you are situated near one of those banks, nothing can be better than that. You will also find that the transaction fee is lower for this kind of transaction. What’s more, there is less delay and inconvenience than a wire transfer or money order.

There is one drawback with funding your e-gold account. This funding is never instantaneous. It always takes some time. If you are funding your account with a credit card, it will take time so that your card may be verified first and the whole process may take a few hours to a day. You may also be required to respond to their verification phone call. Yes, the next time would be quite fast because your credit card would be already verified.

So, happy funding.

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Your Book At No Cost: Your Top 10 Secret HYIP Money-Makers REVEALED!

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 08:51:00 +0000

Dear Friends,

Do you like to know something your friends don’t? How about knowing something an entire industry is hiding in secret – a secret that can make you $50-$500 a week of extra 100% tax free cash? I don’t want your money; I have plenty of it from playing the High Yield Investment Markets. However I would like to invite you to see my latest project called HYIPbooklet.com -::- Welcome – it’s a 100% Free book that explains how you can make good money investing as little as five dollars into these High Yield Investment Programs!

All you have to do is download my 16-page booklet called “Free Advice For People Who Lose Money In HYIP’s” and start making money today. You already have eGold lying around – you might as well put it to work for you. Come on! You’ve got nothing to lose and how well this works is really up to you. My free booklet will explain step by step how you too, can become a successful investor in only 7 minutes. If you don’t want to gamble five bucks then don’t – You are at no risk and there is no money required to access my site – just read and learn. Then buy yourself something nice, or treat your friends!

So, “what’s the catch?” you ask. As I said before – I don’t need your money, but I hope you will find this booklet so compelling you will sign up to our monthly membership for less than the cost of a movie ticket. With the membership you will get access to hundreds of articles, books, videos, and real-time chat rooms where you will find priceless advice on investment and money-making. You’re richer than you think!

This offer is only valid until April 10th when HYIPbooklet.com -::- Welcome will go live so I suggest you hurry and get a copy of my free booklet right now. Share it with friends, even resell it and make money – I don’t care what you do! All I ask is for you to take a couple of minutes and let me show you how you can make a couple of hundred dollars doing something very few know about.

If you want a free, easy way and legal way to make some money on the side (tax-free in eGold) then go to the website and grab your free, no obligation, copy of my booklet right now before it is no longer available to non-members – You’ll be glad you did!

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6 Tips For Avoiding Work From Home Scams

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 08:46:00 +0000

It seems like everyone is being flooded with advertisements on how you can be a millionaire by working at home. I see it when I turn on the TV, I see it when I read a magazine, I see it when I surf the Net, I see it everywhere! We just can't escape the latest get rich quick scheme. It seems like everyone and their grandma is trying to sell you that pie in the sky dream of living the perfect life. So the question comes up, is it truly possible to make a living by working from home or are all these advertisements we see just another scam?

The good news is yes, it is possible to make a decent living by working from home but you need to be cautious. You especially need to be aware of online "get rich quick scams". In this article I am going to cover 6 tips to help you discover which business opportunities are for real and which ones you should stay away from.

1) Do they have contact information?

Obviously scam artist don't want to be found. So do they have all their contact information on their web site? Such as their company name, phone number, and address? It's also important that they have a physical address and not just a P.O. Box. Once you have their phone number you should call them and ask them any questions that you have.

2) Are they a legal company?

Has the company been legally registered in their country? Each country has different laws in this regard, but in the United States you want to make sure that they are set up as a legal corporation. Look at the company name and see if there is a LLC, Inc., Corporation, Incorporated, Limited, Ltd., Corp., or Enterprises at the end of it. You can also do a search at Google and see if it is registered in that state. Just type in "search for corporation (name of state)" and you can find any registration data.

3) How do they accept payments?

Another sign to look for is how they have set up their payment system. Have they taken the steps to have their own merchant account? If not then are they using a reputable 3rd party payment system? If they are using a 3rd party payment processor then make sure that you can dispute any charges made to your account. Paypal is a good example of a reputable 3rd party payment processor. On the other hand I would stay away from any company exclusively using payment systems such as Stormpay or E-gold.

4) Do they offer a real product?

Do they offer a real product with real value? Most business opportunities that are scams won't even talk about a product or all they offer is a bunch of ebooks or other worthless products. If they are a legitimate company then you should be able to make money by selling their product or service. If the only way to make money is by recruiting other people to join then this is a sure sign of a scam.

5) What are other people saying about it?

It is always good to know the experiences that other people have had with the business opportunity that you are researching. You can take a look at forums where people talk about their experiences with home based businesses to get a good feel of a company. You can find some forums by searching for mlm forums, work at home forums, or home based business forums on Google.

It's also a good idea to get some referrals from the company itself. When you call or email them, ask them for some contact information of other members. That way you can get in touch with these members and see how it's working out for them.

Another good resource to check is the "Work-at-Home Sourcebook" by Lynie Arden which has more than 1,000 home business and franchise opportunities, complete with realistic descriptions of what the work entails, how much it pays, up front costs, projected incomes, and addresses and phone numbers to facilitate contacting specific companies.

6) Do they make outrageous promises?

Starting a home-based business is just like starting any other kind of business. It requires time, effort, and money. Be wary of any company promising you big money with little or no effort involved.

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PayPal Gets An Official Blog

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 03:37:00 +0000

How do you communicate with 150 million customers? Get a blog. PayPal has a new official blog, The PayPal Blog. Here is the feed.

CEO Rajiv Dutta says the new blog is a place “to have a conversation with the millions of customers and partners that use PayPal every day.”

Only a few categories are open so far and I don’t see one marked “complaints” yet!

Executive Commentary

Online Safety

Stuff for Developers

Stuff for Merchants

Blogs are a great way for companies to communicate with customers. E-gold even has a new blog.

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C-gold Announces New Features

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 03:35:00 +0000

This week, the management at c-gold.com announced they have added an IP challenge to their system. Here is a quick explanation of how the feature works from that release,

The strongest - and recommended - security settings are limiting access to a specific IP address, and an email challenge is sent when users enter correct login data from any other connection. The system allows users to disable this security measure, or to weaken it by picking multiple IP locations and machines.

Its also worth noting they have a Merchant Index featuring agents and retail webs which accept c-gold. Today they are showing 13 exchange agents which handle their digital gold currency.

Communication with the company has been excellent and they are quick to respond to publicly posted questions and direct email. Planned future expansions for c-gold include franchise networks, a newsgroup, shopping mall and even a daily rates table for agents.

For more information just click any of the icons below.

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Egold News Must Read

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 03:29:00 +0000

Obopay’s Digital Wallet and Widget!

Now you can send and receive money almost instantaneously using your cell phone. No bank account or credit card needed, but if you have them, you can also add those to your Obopay account. This paragraph from their web says it all,

“…the only service that lets you instantly get, send and spend money anywhere, anytime with anyone. Plus, it comes with the added convenience of an Obopay Prepaid MasterCard®. Think about that for a minute. There are over 200 million cell phone users in the U.S. and more than 24 million MasterCard® acceptance locations worldwide including merchants and ATMs.” *obopay.com

Portfolio.com is saying that just a few weeks from now any user can add Obopay to their LinkedIn, MySpace or even Facebook account. The goal, according to the company, is “to turn individuals into merchants.” *portfolio.com

Obopay’s service is simple to use. Anyone with a cell phone can send up to $1000 per week to anyone else with a cell phone. This is an amazing financial service because you don’t need a bank account to participate. The company even plans to raise that maximum $1000 current limit.

Perhaps most exciting ‘add-on’ feature for Obopay’s service will be their new widget. They will, very soon (Aug.30), be offering an “Obopay Widget,” which will connect your cell phone’s money sending capability directly to Internet. In other words, send someone money from your phone and it arrives on their web page, via the new widget. I can’t wait for that one! The service is due out the end of August to early September. Ramy Mora, Obopay’s vice president for marketing had this to say,

“The Obopay Widget is a ubiquitous, scalable way to accept money for anything, from anyone, at any time,” Mora said, adding that the goal of the widget is “to turn individuals into merchants.” *portfolio.com

You won’t have to look far for this new widget. When its available I’ll have one on my web. Say goodbye to those big banks, there are great new financial technologies and payment systems emerging all the time, Obopay is an excellent example. Special thanks to Sam Gustin at Portfolio.com for the great information.

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egold news

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 03:27:00 +0000

HOW ABOUT YOU ??? WHY MUST BE WAIT LOOKKK !!!!
Make Money Online Hyip
Pay you 250% after 2 days

Earn reliable HYIP money

http://www.OtherGold.com/?3561291

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Infinity Shares - The Review

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 02:39:00 +0000
We’ve really came to a point where we make fun of each other from time to time in Infinity Shares yes? I’ll be impartial and straight to the point for this program.

Infinity Shares returns come from..

Forex. You might be thinking, *UH NO, NOT ANOTHER RUN IN THE MILL HYIP THAT CLAIMS TO DO FOREX FOR RETURNS AGAIN?!* I’d stop you for a moment.

I’ve been doing a lot of research, studies and even into the subject of trading demos for more than half a year. There’s not many financial instruments that come close to generating absurd high returns like forex (on the flip side, you can get burnt pretty badly at a even faster alarming rate than generating profits too).

One of our readers has sent me their DD package as they’ve heard Jude da man has been dealing with Due Diligence stuff for a long time and they like reading my stuffs, so they dropped the bomb on me. In the package, it consists of

- Christian’s very blurry scanned passport (The screwed up scanner)

- Steven’s scanned passport (Alarming)

- Steven and Christian’s numbers

- Broker’s setup page and passwords (With the passwords cut out, wonder why did they sent that, lol)

Well this DD package isn’t enough to satisfy the personal information verified, so I’ve requested more to gear towards a better verification.

The two clowns at Infinity Shares (Christian Te and Steven Ey*) first struck me to be very very fun people to talk to, and gives you the impression as in they have nothing to hide when it comes to running this pool. *So since they’re being so clowns? How exactly are you gonna trust them with your money? We’ll come to that later as well.

Personal verifications for Christian Te

We have an additional copy of Chris’s phone bill for his house, and I did a call to verify his existence with a porn.. oops web cam aimed at him. The face is being mosaic.

more photos on flickr

A clearer scan of his passport was being provided, as well as web cam being aimed at him to look and match closely (Kinda like Life Holdings Dan’s verification, except Chris’s web cam suck more than Dan’s)

He’s a pompy nice fellow that has problems with his ear!

Personal verification of Steve Ey*

We haven’t done anything with Steve and it will come as another installment in the review of Infinity Shares.

Steve, in all his kindness has sent me a copy of signatures and a mutual agreement signed by all shareholders of Infinity Shares, with Steve being the boss who has the largest share in the program followed by Christian.

A session with the traders

I’ve asked many questions with regards to what kind of traders are they (this ran passed me as I think of the aftermath of FX-Experts, to learn more about forex before conducting any sort of review) and what kind of risk exposure they are doing for their clients.

They work with news, and they trade on news as you can see on their blog. I’ve learn things and seen a copy of Chris’s analysis before the news forecast is actually reporting the figures to Steve.

On the 5th of January, I’ve logged onto Chris as well as Steve’s computer via a remote software to take a look on their broker statements. And Steve showed me on the results of their trading on US release of Non-farm Payroll statistics. Sweet gains, which is being reported on their blog entry.

Here we have their broker as well as their account statement verified as well.

more photos on flickr

When we’re conferencing via Yahoo IM, what struck me was a very different toned Chris and Steve when it comes to work. Very different from their usual clown personality I say. Professional, so there shouldn’t be any doubts in their work. I have requested special permissions from them to let me check their sessions, in line with their trades to learn, as well as a time to time basis remote login to their terminals to audit the statements. They agreed.

Leverage used

I’ve asked Chris to explain in his own words of his 8:1 ratio and 50% exposure trading with investors money.

Christian Te: for easier computations sake

Christian Te: now we have $20,000 in our account

Christian Te: (sample only)

Christian Te: if we leverage that 8:1, we could trade with $160,000 worth (1.6) lots

Christian Te: if we expose 50% of that account and use it for leverage, we’d be trading 80,000 valued lots (0.8 lots)

Christian Te: simplified explanation

Christian Te: that’s our “standard” approach, we use half of that approach for tech trades, and up to 12:1 leverage for those trades that we see are “cut and dry”/safe

The Upsides.

I’ll be short on this as we’ll be keeping tab of our reviews with all the programs and will update when deem fit.

- Professional. There’s no doubt that they know what they are doing

- Transparent. More transparent than any forex programs that you can find. Screw NSFG’s transparency

- Fun. They love what they’re doing, and you will have to agree with me, you got to find someone who loves to bag pips in forex for your investment to pull off.

- Unique. Share system, which Chris explains in our interview with him on how it works.

The Downside

- It’s done in Euros and not Dollar. The reason is that the broker is based in Europe and it makes their job easier when they receive the gold in Euros.

- It’s expensive when you have to foot administrative costs for your funds to be out exchanged to cash for the broker and to be exchanged back to E-gold again for payouts.

- Since it’s a share system calculations, we’ll have to trust Chris and Steve’s calculations in the profits to be paid out to the investors. (It’s a plus as well as a negative point, double edge sword)

Verdict

Weirdly, for all I know. Usually people who approach me for reviews are rejected and I only do reviews for those that I see potential in. Then again don’t trust my views too much and do your own specific studies. My funds will be in. 2007 is a good year to start with, with Infinity Shares as well as Dan’s Life Holdings in the portfolio.

Past performance does not guarantee future performances. I want you guys to understand that even with good track records of Infinity Shares, the past performance doesn’t guarantee future results. Look at FXE, NSFG. They came crashing like nobody’s business.

Interview with Christian Te, Infinity Shares

You can choose to use the referral link of mine here if you find this review useful. There’s absolutely no obligation.

Note, this is not any form of Due Diligence that is performed by us, and do not invest what you cannot afford to lose.

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Ponzi Scams….Digital Currency’s Dirty (not so little) Secret

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 02:31:00 +0000
It is widely discussed in my Internet circles and suggested in many others that ‘online porn’ helped to fuel the Internet’s growth during it’s early years. Not something that makes us all proud, but you can’t argue with the facts no matter how ugly they are….

It is also very well documented that Ponzi scams, online Pyramid schemes and other ‘high yield investment’ fraud has not only helped to expand the use of digital gold currency but for years now Ponzi scams have been the life blood of some big industry players. E-gold is a particular favorite of these online schemes. No article or post by me could identify this problem better than the recent government indictment. It offers this statement about the ‘E-gold Operation’,

“Because of the lack of controls as compared to those present with other payment systems, E-GOLD has been a highly-favored method of payment by operators of investment scams, which generally refers to pyramids, ponzis, HYIPs (i.e., high-yield investment programs) and other “get-rich-quick”schemes. These scams typically promise abnormally high short-term returns on investments, but rather than paying investors any actual returns on real investments, the scams pay investors with new, incoming investment money from other investors in the scam. Eventually, the operators of the scam either disappear with all the investment money or the scam collapses because investment naturally slows as the scam grows and the operators are unable to continue paying out the promised returns. E-GOLD has been favored in this area….”

*Please note that while I may not agree with the government’s pending charges, those are for a court and jury to decide, this above statement regarding Ponzi scams seems pretty darn accurate.
The most recent e-gold/government problem was back in April-May and its now already August. During this time period, have there been any obvious changes in the Ponzi - e-gold ‘cash flow’ operations? Or is it still a plain fact that Ponzi scams contribute a majority of the daily fees received by the e-gold operation?

On the e-gold web site statistics page, you will find analysis showing the “Distribution of e-gold Spends over Past 24 Hours”. That shows - out of roughly 35k spend transactions, 21k of them had a value of less than 100 mg which is less than $2.16 cents (0.1 grams = 2.16 USD)*DGCSC.

In easy to understand terms, 60% of all e-gold spends which took place on August 13th, were below $2.16. HYIP Ponzi ‘interest’ payments are all very small values and fall into this range. These twenty one thousand August 13th e-gold spends were not micro payments for digital downloads, ebook content or subscriptions - these are HYIP Ponzi payments.

I haven’t just solved one of the most puzzling questions in the Internet Universe, everyone already knows a majority of online HYIP Ponzi scams use e-gold. I’m supremely confident that the operators of e-gold are also aware of this fact and have been for years….yet e-gold, especially lately, has not undertaken any broad campaign to stop or prevent this almost decade long activity. Why not….isn’t it considered illegal, unethical, immoral perhaps even gambling? That all depends on who you ask!

This might also be a very good question for Dr. Jackson’s new e-gold blog.

Does this information clearly signal that digital gold currency[e-gold] is widely being used for scam Ponzi payments or online e-commerce? You tell me?

Additionally, is it safe to assume that if 60% of one day’s e-gold spends are Ponzi payments that the other 40% are actual legit online commerce transactions? I’m sad to say it, but I really doubt if e-commerce payments contribute as much as 40%. One thing is for certain…judging from last weeks folder of “hate email’ in my box, I going to get a lot more industry comments regarding this topic. As its been said before, no matter how ugly the situation, you can’t argue with the facts.

This information is very public widely discussed knowledge, Ponzi payments and the fees they generate have fueled the e-gold operation for many years and a good bit of other digital currencies, some still alive and other not so lucky. Most industry people are not offended by online Ponzi scams…obviously, I am.

Was this payment fact always true for e-gold? Since digital gold currency and e-gold have been popular for a number of years now, let’s take a quick trip back via the Internet Archive and look at February of this year. Before the government’s most recent endeavor.

On February 4 of this year, out of 1.57 million funded account, 1.44 million had less than 1 gram in them which was a total value of less than $21 USD per account. That is just over 90% of all active funded e-gold accounts showing a value of under $21 bucks.

In the ‘Distribution of e-gold Spends over Past 24 Hours’ for February 4th, roughly 37k e-gold spends out of a total 43k were less than (1) twenty one dollar gram. That’s about 86% and leaves just 14% of one day’s business in the possible non-ponzi area. Its a gloomy interpretation of the numbers but pretty accurate.

27k spends or approximately 62% of the total daily spends were in amounts less than $2.21 USD (one tenth of one gram or 100mgs). This signals Ponzi ‘interest’ payments. HYIP interest payments to ‘investors’ are very small and generally under $1.

e-gold spends account for a majority of the online ponzi scheme transactions also known as HYIPs. This was true last year and the year before that one!

Here is the copy of an HYIP scam email I received less than one hour ago:

EGold Profit Pro

130% - 180% After 1 Day ( Full Automatic Withdrawals )

Plan 1 $1 - $50 130.00%

Plan 2 $51 - $100 150.00%

Plan 3 $101 - $500 170.00%

Plan 4 $501 - and more 180.00%

230% - 280% After 3 Day ( Full Automatic Withdrawals )

Plan 1 $1 - $50 230.00%

Plan 2 $51 - $100 250.00%

Plan 3 $101 - $500 270.00%

Plan 4 $501 - and more 280.00%

Register NOW And Profit More Money With EGoldProfitPro.com The first 100

members today who deposite 20$ or more will get 10% of thier deposites as

bonus directly to your E-Gold account Viry Good HYIP Program & Paying Every

Day !!! http://www.egoldprofitpro.com/

I doubt if this one will last till the end of the month, its a poor example of a Ponzi scam. They will take the funds and disappear claiming some large phony problem.

Here is one called, A3Union, that has been around since mid year 2006 and continues to rake in money:

“A3Union constantly manages investment relationships with over twenty high yield investment partnerships in six countries…..In addition to the company’s solid coverage of the European and US high yield investment markets, we are currently planning to open a global agent network worldwide.”

This Ponzi will continue to exist as long as it has fresh suckers to put in money. How is that money deposited? A3Union accepts three digital gold currencies: e-gold, e-Bullion and Pecunix.

A week, a month or perhaps another year from now this one will be gone. It will eventually reach a tipping point where the operators have less investor funds coming in than they would like to pay out in interest and the operation will fold, taking with them all the proceeds they have not stolen along the way.

I’m sure other Ponzi operations vary with their operator’s experience but here is one scammer’s description of how he works it….Confessions Of An HYIP Scammer, How Does He Do It?

Remember a critical description of a Ponzi, if the web does NOT create more legit daily income from an actual business - than it receives in daily ~~investor~~ ~~sucker~~‘victim’ deposits, its a Ponzi. Don’t fall prey to these Internet scams. Stay tuned for a lot more information on A3Union later this week and the next. P…maybe for Ponzi, but S….is for Scam! Imagine, these guys use Charles Schwab Bank, N.A. in their offering (page 11) to illegally solicit funds from consumers. The Schwab legal department was thrilled to hear about that one. The ignorant courage these HYIP people have is astounding, but then again, who bothers to stop them? These clowns have collected over $3-4 million and are still going strong. I guess its true, there really is a sucker born every day.

I’m happy to say that other digital currency industry leaders like Webmoney do not allow such ‘investment’ schemes to use their payment system.

If you don’t believe what I have written here or want to learn more I encourage you to simply query Google Blog Search with keyword ‘e-gold‘ or do a Google Web Search for ‘HYIP‘ or ‘e-gold investment‘. You will find hundreds if not thousands of the HYIP Ponzi programs that accept e-gold and other digital gold currency. I’m not happy about it but I’m not lying either. Many Ponzi scams accept e-bullion and as shown above some even Pecunix.

Occasionally you will see ‘Pecunix accepted here‘ however that operator has stated on more than one occasion he discourages HYIP accounts and also works aggressively to prevent the misuse of Pecunix by online ‘investment’ schemes. We are all glad to hear that and I have seen evidence to support that comment. However, it is still easy to locate HYIP Ponzi scams that accept these last two currencies. A simple Google Blog Search with their namesake as the keyword turns up 2 or 3 new scams each month.

You will find a majority of Ponzi ‘investments’ are being promoted by ‘investment’ forums or blogs like these. Note the referral code on each link throughout these web sites.

Online Money Making Forum - http://www.moneyfanclub.com
MMG Latest Network Marketing News - http://www.moneymakergroup.com/
E-Gold HYIP Forum - http://www.talkgold.com/

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Open Letter To The GDCA Regarding e-Bullion

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 02:24:00 +0000

Dear Mr. GDCA President,

I have been writing and blogging lately about the possible or alleged recent issues regarding e-Bullion. I feel, as do many readers, it is important to determine whether these possible issues are rhetoric, a few unhappy agents or possibly big events that will effect the industry as a whole… I now see that the GDCA has posted a warning regarding e-bullion at: http://gdcaonline.org/content/news.html

In that warning it states that :

“….E-bullion.com closes and/or freezes accounts without any court order or reasonable justification, sometimes freezing customer funds forever.”

Please present proof of these events by showing the closed account documentation and any correspondence with e-bullion regarding that account and its closure.

Please comment on why e-bullion closed the account or accounts, any justification e-bullion presented or did not present.

Please provide your opinion as to why e-bullion has taken this action.

Please provide evidence of e-bullion seizing or freezing account holder funds and not returning them as stated in your comment/warning above. Who had their funds ’stolen’ or has stated they had funds seized?

Please show me the evidence of a rumored investigation by the USSS, because I heard a rumor they were going to be bought by Donald Trump. Rumors are not fact and have no place in an industry ‘warning’ without supporting information. Provide me these facts or the person openly commenting about an ongoing investigation being conducted by an agency of the US government.

Please provide me copies of any complaints from users that the GDCA may have received regarding e-bullion for the past two years.

Please include e-mail or other documentation so these can be verified by me.

Please provide me any exchanger opinions or complaints which you have documented regarding the policies and terms now in use by e-bullion.

You should know that I have already been in touch with Mr. Joseph Hamilton, CISSP Chief Technical Officer, e-Bullion.com, on several recent occasions regarding these stated rumors.

Its my firm belief that resolving any problem whether minor or serious can be accomplished by logical discussion and clarification of facts, not rumors and flaming.

I would appreciate it if you can comment here below this post at your earliest convenience, whether you can or will produce the above requested material to me via email. All other comments and questions are welcome. Feel free to remove any personal or financial information from these documents. After hearing from you, Mr. Hamilton of e-bullion will again be contacted for his comments, he is available and reaching me just fine.

Thanks and I look forward to hearing from you soon.

Mark Herpel

DigitalMoneyWorld

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Omnipay

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 02:21:00 +0000
June 21, 2007 OmniPay Africa had planned to become operational, conducting both in and outexchanges by June 18th. It now appears this service will be delayed several weeks. Establishment of OmniPay Africa has been on-going, designed to facilitate a remote and sophisticated payment capability to the majority of mankind underserved or excluded from traditional banking and constituting it properly is imperative. The complexities of making OmniPay Africa fully operational in an accelerated manner have been greater than originally anticipated causing this delay. We assure you we are working diligently to bring OmniPay Africa online.

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Q&A with e-gold Founder

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 02:20:00 +0000
One of these days, hopefully soon, I'm planning to do a talk radio interview. In preparation I recently met with a radio journalist to familiarize her with e-gold. We decided to record our discussion...

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E-Gold now has a blog !

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 02:20:00 +0000
After several weeks without any news. Now, E-Gold has a blog.

“Hi, I’m Douglas Jackson and this is the first entry of the e-gold blog.”

Most readers will know what I am talking about because over the last decade getting casual comments out of the e-gold organization has been darn near impossible. Perhaps this silence was for a good reason. This blog is truly a new and warm addition to the community. Its a well needed social add-on and I urge all readers to visit and comment. [detailed]

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hyip

blog@defendgold.com (Robin Daniels) — Thu, 23 Aug 2007 02:17:00 +0000
New Member Register will be get 4$ Free

Plan 1 : 21% daily for 10 days
Minimum invest: $10
Max invest $10,000
Total returns: 210%
(with principal)

Plan 2 : 35% daily for 8 days
Minimum invest: $20
Max invest $10,000
Total returns: 280%
(with principal)

http://DefendGold.com/?3561291

For credits please put my e-gold acc for Refferal (http://DefendGold.com/?3561291) at Memo.

You can write memo in egold paying

Thanks put my reff

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Webmoney E-Currency Review

blog@defendgold.com (Robin Daniels) — Wed, 22 Aug 2007 11:56:00 +0000
About Webmoney

Webmoney is an electronic money and online payment system with similarity to Paypal, E-Gold, Pecunix, E-Bullion and other E-Currency services. It provides a fast and somewhat anonymous payment system however the registration process requires email verification and account holders are encouraged to verify themselves further through sending an SMS message from their cellphone making it more strict than E-Gold for opening and using an account. WM verification gives the following advantages: private key file retrieval if you have lost control over your WMID; complaint to the Arbitration service; credit activities; access to online services, Internet exchanges, information resources requiring personal client identification. Verified users can issue trust certificates to other users and take fees for the service. Any user can become a verified Register. Verified Registers can verify other WebMoney users.

Transactions are conducted through the WMTransfer software which comes in three distinct flavours :

WM Keeper Classic - A standalone application, that is dowloaded and then installed onto your PC.

WM Keeper Light — A secure browser based application that doesn’t require installation of client software onto a user’s PC.

Telepat — A technology enabling the operation of an account via any mobile device or cell phone, that supports Java.

WM Transfer Ltd, the owner and administrator of WebMoney Transfer Online Payment System, was founded in 1998 and is a legal corporate entity of Belize, Central America. Originally targeted at Russian consumers and businesses, Webmoney is now in use worldwide and the company claims to have more than 3.7 million account holders. According to the stats on the website, Webmoney executed over 75,000 transactions worth over 10 Million dollars on this day alone. The main address for technical support is given in Moscow; the main proprietor and administrator is located in Belize. Transactions in WMR are underwritten by WMR LLC in Moscow and transactions in WME and WMZ are underwritten by Amstar Holdings Limited in Panama.

The System supports several types of e-currency, secured by various resources and tangibles. Each individual e-currency has a dedicated electronic wallet, called a Purse:

+ WMR — equivalent to RUR (R-Purse)

+ WMZ — equivalent to USD (Z-Purse)

+ WME — equivalent to EUR (E-Purse)

+ WMU — equivalent to UAH (U-Purse)

+ WMB — equivalent to Belorussian Roubles (B-Purse)

+ WMY - equivalent to Uzbek Sum (Y-Purse)

+ WM-C and WM-D — WMZ equivalent for transactions on Ñ- and D-purses

WebMoney transactions are inherently safe because they do not require credit card or bank account information to be stored in the system unlike Paypal which is well known for it’s problems with phishing schemes. Webmoney makes online businesses immune to certain scams because transactions are final and cannot be repudiated by the spender which is similar to e-gold or cash transactions but unlike credit card transactions and PayPal which can incur chargebacks.

WebMoney incorporates an instant messaging system as well as a way to send out bills and to extend credit. It is also possible to protect a payment with a password. The payment is withdrawn from the payer’s account and added to the payee’s account, but cannot be redeemed unless the password is known. The payer will typically provide the password once the promised goods have been delivered. Some operations require a higher level of user authentication known as a “WM Passport” which a user can obtain from authorized parties.

It is not possible to buy WM units online with a credit card or a Paypal account. A Webmoney purse can be funded by a bank wire, by receiving funds from other account holders, by issuing invoices, by a prepaid WM-Card or through a E-Currency exchanger.

My Opinions on Webmoney as an Online Business Owner

I’ve had my Webmoney account for a few months now because my loadable debit card provider, GoldEx, accepts Webmoney as a funding option, so I decided to give it a try as an option for accepting payment for services. I run a web-hosting service, a few internet directories and several sites that accept advertising such as this one (Code4Gold). I DO NOT accept Paypal under any circumstances due to the fact they have a nasty habit of freezing people’s accounts for 180 days for no reason at all and they will not offer an explaination why your account was frozen. I had $2300 in my Paypal account from a guitar I sold on E-Bay and the transaction was fine, both myself and the buyer were very happy, however when I logged into my Paypal account one day, my funds had been frozen. I was a Paypal account holder for 7 years with the debit card, over 700 verified transactions and not a single negative feedback on E-Bay. I eventually had to sue Paypal to get my money back and they graciously allowed me to keep my account which I refuse to use even though I know it costs me sales. Beside having a standard “Internet Merchant Account” through CardServices International for processing credit cards, I also prefer to accept as many usable payment options because the more payment options you present a consumer the more likely you are to make a sale. Considering Webmoney claims to have over 3 Million account holders, I figured it would be a good idea to try and tap into some of that market.

My Opinions on Webmoney’s Design and Implementation

As many of you readers know, I am a software developer by trade and have worked on high level projects so I’m quite critical of design and form versus function. If you don’t believe me, you should read my scathing Agloco Toolbar Review… In my opinion, Webmoney has one of the cleanest, simplest, well designed, professional, elegant and secure systems I’ve ever used. I absolutely love the fact that you can choose your authorization mode from X.509 Certificate, E-num authorization or simple Login and Password. The X.509 Certificate is my method of choice because it is possibly one of the most secure and simple methods of logging in to an account.

Making spends from Webmoney is a simple process and setting up the merchant’s interface to accept payments is similar to setting up a Paypal or E-Gold merchant transaction. The only exception is that Webmoney’s merchant interface is a developer’s dream come true in it’s configurability and in regards to the data that is returned to the merchant to verify a successful payment.

The more I work with the Webmoney interface and the merchant’s interface, the more I come to respect the incredible attention to detail the creators of this system have applied to constructing the perfect online payment system.

To open a Webmoney account and have alook for yourself, their site is available at the link below…

http://www.wmtransfer.com/

Opening an account is free of charge.

I would also sincerely appreciate any comments from other Webmoney account holders regarding your experience with them.

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About WebMoney?

blog@defendgold.com (Robin Daniels) — Wed, 22 Aug 2007 11:53:00 +0000
WebMoney is a powerful hardware and software system that enables
Internet users to conduct safe transactions in real time using
WebMoney units (WM-units). Special software - WM Keeper -
is used to manage the movement of WM-units.

The
system offers several types of WebMoney units and purses for
them:

WMR – equivalent of Russian Roubles (R purse),

WMZ - equivalent of US Dollars (Z purse),

WME - equivalent of Euro (E purse),

WMU - equivalent of Ukrainian Hryvnias (U purse),

Also, there are two special types of units, WMC and WMD, which
represent US Dollars in credit transactions.

Purses
of the same type should be used to transfer WM-units (the
system does not allow for transfer of non-matching types of
units into the purses; for example, if you need to transfer
WMR units into a WMZ purse, you will first have to exchange
WMR units for WMZ using one of the WebMoney exchange options).

Currently,
WMR transactions are underwritten by "WMR" LLC that
represents WebMoney Transfer in Russia. WMZ and WME transactions
are underwritten by the Amstar Holdings Limited, S.A. WMU
transactions are underwritten by the Ukrainian Guarantee Agency.

It
is easy to join WebMoney Transfer. All you need is to download
a WM Keeper client on your PC and register with the system
by accepting terms of use and receiving a WM-ID. During the
registration you will have to provide and confirm your personal
information.

WebMoney
Transfer has verification system. Each user has the so-called
WebMoney passport. A WebMoney passport is a digital certificate
based on personal data provided by a WebMoney member.

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HYIP Egold

blog@defendgold.com (Robin Daniels) — Wed, 22 Aug 2007 11:30:00 +0000
Who’s Still Alive? 20 E-gold Agent Profiles

In the days following the indictments of e-gold, Gold & Silver Reserve and the e-gold founders along with dozens of exchange agent accounts being seized…a lot has happened to the e-gold industry.

Seizures - In the last week or so, some $11 million USD(48 bars) in gold bullion has been redeemed from e-gold for cash. A good portion of that money, all of the funds in the 58 government targeted accounts, was seized by the Federal Government pending the outcome of the allegations.

1MDC - 1MDC, known as the ultimate easy to use payment system system backed by e-gold, has effectively closed. Yes, the web is still up and current 1MDC account holders such as myself, can transfer between other 1MDC accounts but the units have zero value and cannot be exchanged for money. (Just like eCache COW)

So…..who is still alive? - Which exchange agents are still transacting in e-gold, which ones have opted out and who is now waiting along the sidelines for more information? Let’s take a look. (Inspiration for this post came from my good friend Jude over at the NOBS Network)

xGold.ca - Still transacting e-gold (Canada)

Confirmed the report of receiving a wire transfer from OmniPay and still transacting business both inexchange and outexchange for e-gold and Pecunix - Canadian banks only.

“We are processing in and outexchange for e-gold, however, we are only dealing with Canadian bank account holders (we only do direct withdrawal and deposit). We do not deal with checks, money orders and wires. We are planning an exclusive offer to our clients who purchased e-gold with us: convert up to 20g of e-gold to Pecunix at no fee.”

IceGold - No e-gold sales today. Their news page reads like my old EKGs, wildly up and down.

On April 27, when the e-gold indictment was unsealed and made public, IceGold’s account was seized. That same day they changed their account number and resumed e-gold exchanges. They also discontinued all 1MDC exchanges at that time. On May 3rd, just a few days later, they discontinued e-gold exchanges saying, “…we are unable to sell our excessive e-gold to Omnipay at the moment. We will resume outexchanging again when we are in need of e-gold ourselves or have received a confirmation from Omnipay that they are ready to buy e-gold from us. We expect to operate normally again by the next week. Indeed, just 5 days later they started e-gold exchanges again, “….at 3% below spot rate” on any outexchange(sell) only to discontinue again later the same day. “We have suspended e-gold outexchanges again due to large volume of orders. We will resume outexchanging when we are in need of e-gold again or can sell to Omnipay.” IceGold is currently NOT exchanging e-gold and is on the sidelines. Down but not yet out

AnyGoldNow - No sale of e-gold.

As of today, May 11, “e-gold sales are suspended at this time, pending news from e-gold about the legal situation in the USA.” Their account was also seized. Its worth noting that AnyGoldNow is very large and well known in the industry. Their web is open and they are operating for clients in other currencies. I’m sure they will survive just fine.

Denver Gold Exchange - Out of Business?

As of today, May 11 their web is offline. Their account was also seized in the governments action. “Denver Gold Exchange Under Construction”. Since this is a very new company and all their business was based in e-gold, no other currencies, its likely they may not return. (IMHO)

RoboXchange - Auto exchange e-gold into other digital currency at higher than normal rate

Just visited the Robot and he is offering exchanges from e-gold into others such as Pecunix, Webmoney and Liberty Reserve at a fee of 30%. Exchange $1 of e-gold for .70 cents of an other e-currency. Make sure to check the balance of your incoming currency to make sure they have inventory to handle your exchange. There are some smart folks operating the RoboXchange, back in mid April, Olegg had this to say,

”In early 2006, when feds where under e-gold, we were also told about ddos. We’ve ceased operations with egold until somebody explain what is happening.” *

OmniPay - Unknown?

Reported still operating under government supervision but no firm statement on outexchanges. The OmniPay account(s) was also seized. Most agents are saying something like this, “…when OmniPay can again buy….” so this is a question in our minds as to what their future is and if they can currently transact in a timely fashion. Feedback?

GoldEx - Business as usual with delays.

“Please note that while we continue to operate as usual buying and selling egold, the exceptional situation at egold that is causing some egold users to panic and attempt to cash out, is creating a huge backlog of orders, we can’t therefore guarantee our normal processing times. Please expect orders to be delayed up to 5 working days, especially for orders FROM egold to bank wire/check or other digital currencies.” *NOBS

AutoCambist - No auto exchanges from e-gold

They won’t accept e-gold but you can exchange other currency in and receive e-gold if you like.

The Bullion Exchange - Not processing at all, down and maybe out.

Their e-gold account was one of the 58 seized in the government’s action.

“We have retained legal services of experienced legal counsel to help us sort through the legal aspects of the current situation as expeditiously as possible. The Bullion Exchange has not been charged with any criminal activity, our accounts have been seized in connection with mere association with E-Gold. Our attorneys are working with other attorneys to have the seized funds released through a civil lawsuit in an expedited fashion.”

London Gold Exchange - No outexchange sales. Inexchange (buys) allowed

London Gold Exchange did NOT have any accounts seized. Today, May 11 they are selling e-gold to the public but not buying at this time. London Gold Exchange is a very well established business and is expected to not only survive but thrive from the additional business. They exchange multiple other digital currencies.

“We are now accepting e-gold buy (In-Exchange) orders. At the moment we are still not taking any e-gold Sell or Convert orders (Out-Exchange and metal to metal exchanges). We hope to resume in a few days. There has been no real update over the weekend. There are reports of other exchangers receiving funds from Omnipay (the main wholesaler of e-gold), so that news is promising as at least they seem to be functioning behind the scenes. We will keep you up to date as soon as we hear any news.” *NOBS

e-forexgold - Business as usual.

No input here, any feedback?

Euro Gold Sales - No outexchanges, still operating for inexchange (buys)

“Due to an excess of gold currently, we are not buying any gold at the moment! Please try again in a couple of days. Thanks!”

GoldNow - Business as usual

Graham reports business as usual on inexchange and outexchange. You have to hand it to this guy, Nuclear Blombs could be dropping and he would still be selling.

RayServers Exchange - No e-gold business

Pecunix exchange services operating as usual.

Me-gold - Business as usual?

Their web appears to be operating just like any other day, outexchange services for e-gold included.

Cash Cards International - Business as usual?

I believe from reading this statement on the front of their web, this information is regarding e-gold. However, I’m not 100% sure.

“Effective May 1, 2007 We will continue provide normal “Exchange” services”

GoldPouch Express - No e-gold business.

“Due to an ongoing investigations between E-Gold.com and the Department of Justice and until further notice we regret to inform you that we won’t be buying, selling or trading “GOLD” from E-Gold.com”

GitGold.com - No e-gold business.

Account was seized.

“Our e-gold account, like the other exchange providers dealing with US customers has been affected. The management of e-gold.com has petitioned for an emergency hearing the first of next week and hopefully our account will be back open at that time. Until the problem is solved, we obviously cannot accept CASHOUT requests. We also cannot fund e-gold accounts.”

GetEMoney - Appears to be business as usual.

This Canadian company does not have any notice on their web and appears to be operating normally.

PGX PinoyGoldExchange - No outexchanges

“SELL orders are temporarily suspended. We currently have a lot of e-gold on-hand but with very limited exchangers to trade with.”

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