E-gold comeback…Is it real?

August 20, 2008 - 6:48pm | author: ayny | |

”It’s unreal!” – will say every second person. According to the estimates of the ECJ specialists the comeback of E-gold is unlikely in the near and the longer term. It was proven that the trials usually last for months and even the success may have a pernicious influence in the future. And we shouldn’t forget that e-gold can rise from the ashes only if it will offer the market either something absolutely new or provide all the guarantees of its further ability to work. However, the version about the partnership with some prominent and authoritative underwriters is also unlikely as the only thing that can interest them in this payment system is a brand. And as for the brand, it is known that the e-gold’s one is much discredited. Today the Internet businesses fight shy of e-gold as nobody wants to collaborate with the company which was used as a financial platform for the sellers of cp, carders, phishers and other fraudsters. It is doubtless that once the technology of e-gold had brought in era of the e-finances, however during the years of operation e-gold failed to resist the temptation to process the money of the fraudsters. And this was the main mistake of e-gold. 

To get the rate out of the grave

The thing is that the peculiarity of the system is a little bit different from the grocery store charged with the money laundering. The grocery store will simply continue working and people will continue going there without thinking of the money laundering. However on the internet the situation is a little bit different, and the payment system which has in its history hundreds of DDoS-attacks, a number of trials and the old-fashioned design, have no chances to recover.  

But the main thing is that the rate will prevent e-gold from recovering even in case if the court discharges the system and the company returns to the market. Surely, a high rate of e-gold is profitable for the exchangers but nobody wants to be involved in the dangerous bull speculation as the exchangers that have already got the unfavourable balance will hardly want to lost money in the bull speculation for the second time. And this means that even if e-gold ups, the exchangers will fight for every percent of e-gold after just a slight a10-20% jump. 

Surely, if you sincerely believe in the comeback of e-gold, you may shut your eyes to everything. However, the fact that the customers do not need to return to the company anymore will be destructive to the system. During the absence of the company on the market the users will find another one as they are presented numerously on the market and lots of them are able to compete with e-gold. 

Here, we should also keep in mind the desire of e-gold to win the rate back and to return the customers that will obligatorily result in holding of the clients by other payment systems. Besides, the whole virtual money stock has already been reallocated to other payment processors, so in view of the lack of the money stock any improvement in exchange is unlikely. 

What next, I wonder?

The users of Fethard can answer you well. Having given way to despair after the system stopped fulfilling its obligations the users ate crow and found new payment systems. The users of e-gold should do the same. And the more they wait in vain for the comeback of e-gold, the more time and money they will waste. The Internet has always been an industry where wins the one who can quicker adopt the changes. It is known that the evolution selects only the strongest ones, and today we can say that the next step of the evolution ended to e-gold with a complete failure and death. 



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