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	<title>Comments on: Ponzi Scams&#8230;.Digital Currency&#8217;s Dirty (not so little) Secret</title>
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		<title>By: Alan's Money Blog</title>
		<link>http://www.everyjoe.com/articles/ponzi-scamsdigital-currencys-dirty-not-so-little-secret-162/comment-page-1/#comment-340183</link>
		<dc:creator>Alan's Money Blog</dc:creator>
		<pubDate>Wed, 03 Oct 2007 01:54:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.digitalmoneyworld.com/ponzi-scamsdigital-currencys-dirty-not-so-little-secret/#comment-340183</guid>
		<description>[...] Ponzi Scams Dirty Little Secrets Part I [...]</description>
		<content:encoded><![CDATA[<p>[...] Ponzi Scams Dirty Little Secrets Part I [...]</p>
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		<title>By: Mark</title>
		<link>http://www.everyjoe.com/articles/ponzi-scamsdigital-currencys-dirty-not-so-little-secret-162/comment-page-1/#comment-340185</link>
		<dc:creator>Mark</dc:creator>
		<pubDate>Wed, 12 Sep 2007 14:40:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.digitalmoneyworld.com/ponzi-scamsdigital-currencys-dirty-not-so-little-secret/#comment-340185</guid>
		<description>JMR,
Thank you for your input. You gentleman run a great operation, its a thrill to hear from you. I know that over the years, you and a lot of others -myself included- have tried to educate the public to these scams. You are correct, its impossible to ride the Net of them. I sort of gave up about a year or two back when there seemed to be a &quot;Tsunami size surge&quot; of new HYIPs, so now I dedicate about a month a year to &#039;ponzi scam literacy&#039; and otherwise discourage industry people to do any business with them at all.  Its a crusade neither of us can take on.  However, I have lately seen a big difference with some industry groups.

E-gold has offered such fantastic global opportunity to people...so many millions of people, it is just sad to see a great invention created by the sharpest minds on the Internet, corroded by these operations.  Your question was:
&quot;Is today’s ignorance the fault of e-gold, or is it just convenient to blame e-gold??&quot;

No of course not. Its not e-gold&#039;s fault, the public was being scammed by Ponzi and Pyramid schemes long before e-gold was born.  Ponzi scam ignorance is not e-gold&#039;s fault, or e-bullion&#039;s, or v-money&#039;s etc.  Gullible and greedy people have always been around and long after e-gold is gone, the ponzi crowd will be as strong as ever, I&#039;m sure.  Ignorant or greedy people who buy e-gold and piss it away on a ponzi, NO NO you can&#039;t blame e-gold, no one can make that claim.

But the larger question, today on everyone&#039;s mind is: &quot;Should e-gold, a US operation, take extraordinary measures to try and protect the ignorant public by filtering users and NOT allowing these type scams....is it now e-gold&#039;s responsibility, since it has been widely recognized that e-gold is the preferred method of payment by HYIP scams, is it now e-gold&#039;s responsibility to make every attempt possible to in advance prevent or block scams from using their product?&quot;
Some in the US may say this is a more appropriate question.

Answer Option 1) NO, if you got rid of e-gold completely, the ponzi scams would still be here. E-gold does not facilitate these scams. But the continued operation of ponzi&#039;s would then be picked up by NON US entities.  Solution 1--Move out of the US jurisdiction and keep the ponzi income

Answer Option 2) Yes, if e-gold changed their policies to become a more mainstream regulated US payment system, they would --by the very nature of US regulations-- prevent all these scams.   Solution 2--Stay in the US, upgrade the 1996 e-gold policies, enter the US post 9/11 world and continue the great business that is digital gold.

It seems like a coin toss until you take a closer look....
Take off the blinders which are apparently blocking e-gold from visualizing a long term success plan. This original DGC, has hundreds of long time supporters (including me) and legitimate merchants who have on a daily basis been talking customers into using e-gold over methods like PayPal.  Look at my good friend Amr over at XtraOrbit.com hosting.  He is one of the sharpest and most legit hosting businesses on the internet today accepting e-gold.(no anon hosting, no hyip, no gambling, no adult, et)  Literally, 20% of his total monthly business comes from e-gold due to his location in Egypt and his international clientele.  He was just shut out of all Google Adword programs due to their &quot;e-gold ban&quot; which was caused by the ponzi&#039;s.  

Shouldn&#039;t e-gold have a better long term business policy in support of legit merchants and not quick buck ponzi scams?  Without even bringing into question, regulations or waving the flag in support of global freedom, shouldn&#039;t e-gold really be thinking and catering to long term legitimate business growth and merchants instead of scams?  That IS an internal policy question, that&#039;s not a legal issue, if my business was going to lose a good percentage of legit long term merchants because of the actions of scams....I would be finding ways to kill the scams today so they won&#039;t come back.  

As the smartest man in the world a global leader of the masses, as I apparently have just named myself, I would voluntarily make changes in my original 1996 policies, in support of legitimate long term merchant growth.  NO CHANGES in current policy means support for the ponzis, plain and simple.  The e-gold operators can avoid the issue and say, &quot;Its not our fault people are ignorant&quot; but that&#039;s just a sidestep and when you make that move, you have permanently lost your legit merchants and customers which by the way took a decade to acquire.  To rebuild that base would be impossible today because of the dozens of other popular options like Moneybookers.
I think the real line of questions here, and I know you can&#039;t respond to these because of the pending actions, but the items we should all be asking it why is e-gold still located in the United States?

The creation of a digital unit which can transfer value (in this case backed by gold) was like discovering fire back in the late 90&#039;s.  It was an amazing life changing business creation and marveled at by all.  But then came 9/11 - 2001, followed by the Patriot Act, followed by the USSS action in December of 2005....what&#039;s it going to take to make the move to Panama? A cold beverage awaits you.

Thanks for the comment and sorry for my rant but I love that company and I hate to see slowing eroded away by scammers.  At the same time I know there is no magic wand to wave and make the scams go away.  It like walking the razor&#039;s edge.

Mark
PS My offer of cold beverages still stands!</description>
		<content:encoded><![CDATA[<p>JMR,<br />
Thank you for your input. You gentleman run a great operation, its a thrill to hear from you. I know that over the years, you and a lot of others -myself included- have tried to educate the public to these scams. You are correct, its impossible to ride the Net of them. I sort of gave up about a year or two back when there seemed to be a &#8220;Tsunami size surge&#8221; of new HYIPs, so now I dedicate about a month a year to &#8216;ponzi scam literacy&#8217; and otherwise discourage industry people to do any business with them at all.  Its a crusade neither of us can take on.  However, I have lately seen a big difference with some industry groups.</p>
<p>E-gold has offered such fantastic global opportunity to people&#8230;so many millions of people, it is just sad to see a great invention created by the sharpest minds on the Internet, corroded by these operations.  Your question was:<br />
&#8220;Is today’s ignorance the fault of e-gold, or is it just convenient to blame e-gold??&#8221;</p>
<p>No of course not. Its not e-gold&#8217;s fault, the public was being scammed by Ponzi and Pyramid schemes long before e-gold was born.  Ponzi scam ignorance is not e-gold&#8217;s fault, or e-bullion&#8217;s, or v-money&#8217;s etc.  Gullible and greedy people have always been around and long after e-gold is gone, the ponzi crowd will be as strong as ever, I&#8217;m sure.  Ignorant or greedy people who buy e-gold and piss it away on a ponzi, NO NO you can&#8217;t blame e-gold, no one can make that claim.</p>
<p>But the larger question, today on everyone&#8217;s mind is: &#8220;Should e-gold, a US operation, take extraordinary measures to try and protect the ignorant public by filtering users and NOT allowing these type scams&#8230;.is it now e-gold&#8217;s responsibility, since it has been widely recognized that e-gold is the preferred method of payment by HYIP scams, is it now e-gold&#8217;s responsibility to make every attempt possible to in advance prevent or block scams from using their product?&#8221;<br />
Some in the US may say this is a more appropriate question.</p>
<p>Answer Option 1) NO, if you got rid of e-gold completely, the ponzi scams would still be here. E-gold does not facilitate these scams. But the continued operation of ponzi&#8217;s would then be picked up by NON US entities.  Solution 1&#8211;Move out of the US jurisdiction and keep the ponzi income</p>
<p>Answer Option 2) Yes, if e-gold changed their policies to become a more mainstream regulated US payment system, they would &#8211;by the very nature of US regulations&#8211; prevent all these scams.   Solution 2&#8211;Stay in the US, upgrade the 1996 e-gold policies, enter the US post 9/11 world and continue the great business that is digital gold.</p>
<p>It seems like a coin toss until you take a closer look&#8230;.<br />
Take off the blinders which are apparently blocking e-gold from visualizing a long term success plan. This original DGC, has hundreds of long time supporters (including me) and legitimate merchants who have on a daily basis been talking customers into using e-gold over methods like PayPal.  Look at my good friend Amr over at XtraOrbit.com hosting.  He is one of the sharpest and most legit hosting businesses on the internet today accepting e-gold.(no anon hosting, no hyip, no gambling, no adult, et)  Literally, 20% of his total monthly business comes from e-gold due to his location in Egypt and his international clientele.  He was just shut out of all Google Adword programs due to their &#8220;e-gold ban&#8221; which was caused by the ponzi&#8217;s.  </p>
<p>Shouldn&#8217;t e-gold have a better long term business policy in support of legit merchants and not quick buck ponzi scams?  Without even bringing into question, regulations or waving the flag in support of global freedom, shouldn&#8217;t e-gold really be thinking and catering to long term legitimate business growth and merchants instead of scams?  That IS an internal policy question, that&#8217;s not a legal issue, if my business was going to lose a good percentage of legit long term merchants because of the actions of scams&#8230;.I would be finding ways to kill the scams today so they won&#8217;t come back.  </p>
<p>As the smartest man in the world a global leader of the masses, as I apparently have just named myself, I would voluntarily make changes in my original 1996 policies, in support of legitimate long term merchant growth.  NO CHANGES in current policy means support for the ponzis, plain and simple.  The e-gold operators can avoid the issue and say, &#8220;Its not our fault people are ignorant&#8221; but that&#8217;s just a sidestep and when you make that move, you have permanently lost your legit merchants and customers which by the way took a decade to acquire.  To rebuild that base would be impossible today because of the dozens of other popular options like Moneybookers.<br />
I think the real line of questions here, and I know you can&#8217;t respond to these because of the pending actions, but the items we should all be asking it why is e-gold still located in the United States?</p>
<p>The creation of a digital unit which can transfer value (in this case backed by gold) was like discovering fire back in the late 90&#8217;s.  It was an amazing life changing business creation and marveled at by all.  But then came 9/11 &#8211; 2001, followed by the Patriot Act, followed by the USSS action in December of 2005&#8230;.what&#8217;s it going to take to make the move to Panama? A cold beverage awaits you.</p>
<p>Thanks for the comment and sorry for my rant but I love that company and I hate to see slowing eroded away by scammers.  At the same time I know there is no magic wand to wave and make the scams go away.  It like walking the razor&#8217;s edge.</p>
<p>Mark<br />
PS My offer of cold beverages still stands!</p>
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		<title>By: James M. Ray</title>
		<link>http://www.everyjoe.com/articles/ponzi-scamsdigital-currencys-dirty-not-so-little-secret-162/comment-page-1/#comment-340184</link>
		<dc:creator>James M. Ray</dc:creator>
		<pubDate>Tue, 11 Sep 2007 08:47:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.digitalmoneyworld.com/ponzi-scamsdigital-currencys-dirty-not-so-little-secret/#comment-340184</guid>
		<description>&quot;The industry&quot; meaning me, has sent out anti-Ponzi educational URLs literally tens of THOUSANDS of times. It&#039;s hard to wave a wand and get rid of this kind of scam, in part because government schools do such a piss poor job of teaching economics these days. Go back to history!! Look to Ponzi&#039;s OWN SCHEME. Note the VERY low by comparison to ANYTHING on the &#039;net returns offered by Mr. Ponzi himself. 

Now stop and THINK. How come Ponzi didn&#039;t offer such stupid-ass rates of return? I&#039;ll tell you why. Because back then, people were more literate both about economics-101 and about the very nature of money itself. Is today&#039;s ignorance the fault of e-gold, or is it just convenient to blame e-gold?? You tell me, but be HONEST for once, I don&#039;t see much of that...
JMR</description>
		<content:encoded><![CDATA[<p>&#8220;The industry&#8221; meaning me, has sent out anti-Ponzi educational URLs literally tens of THOUSANDS of times. It&#8217;s hard to wave a wand and get rid of this kind of scam, in part because government schools do such a piss poor job of teaching economics these days. Go back to history!! Look to Ponzi&#8217;s OWN SCHEME. Note the VERY low by comparison to ANYTHING on the &#8216;net returns offered by Mr. Ponzi himself. </p>
<p>Now stop and THINK. How come Ponzi didn&#8217;t offer such stupid-ass rates of return? I&#8217;ll tell you why. Because back then, people were more literate both about economics-101 and about the very nature of money itself. Is today&#8217;s ignorance the fault of e-gold, or is it just convenient to blame e-gold?? You tell me, but be HONEST for once, I don&#8217;t see much of that&#8230;<br />
JMR</p>
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		<title>By: Listpays.com HYIP Monitor &#187; Some Links To Visit - August 14th, 2007</title>
		<link>http://www.everyjoe.com/articles/ponzi-scamsdigital-currencys-dirty-not-so-little-secret-162/comment-page-1/#comment-340182</link>
		<dc:creator>Listpays.com HYIP Monitor &#187; Some Links To Visit - August 14th, 2007</dc:creator>
		<pubDate>Fri, 31 Aug 2007 17:45:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.digitalmoneyworld.com/ponzi-scamsdigital-currencys-dirty-not-so-little-secret/#comment-340182</guid>
		<description>[...] Mark has interestign thoughts to share as usual - Ponzi Scams.Digital Currencys Dirty (not so little) Secret [...]</description>
		<content:encoded><![CDATA[<p>[...] Mark has interestign thoughts to share as usual &#8211; Ponzi Scams.Digital Currencys Dirty (not so little) Secret [...]</p>
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		<title>By: HYIP Scams: Charles Ponzi Would Be Proud</title>
		<link>http://www.everyjoe.com/articles/ponzi-scamsdigital-currencys-dirty-not-so-little-secret-162/comment-page-1/#comment-340174</link>
		<dc:creator>HYIP Scams: Charles Ponzi Would Be Proud</dc:creator>
		<pubDate>Wed, 22 Aug 2007 15:47:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.digitalmoneyworld.com/ponzi-scamsdigital-currencys-dirty-not-so-little-secret/#comment-340174</guid>
		<description>[...] week or so back I did  a story about how online scams, pyramid schemes and Ponzi frauds were alive and well swindling Internet [...]</description>
		<content:encoded><![CDATA[<p>[...] week or so back I did  a story about how online scams, pyramid schemes and Ponzi frauds were alive and well swindling Internet [...]</p>
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		<title>By: The HYIP Blog &#187; Blog Archive &#187; Avoid Spending in A3Union Please</title>
		<link>http://www.everyjoe.com/articles/ponzi-scamsdigital-currencys-dirty-not-so-little-secret-162/comment-page-1/#comment-340181</link>
		<dc:creator>The HYIP Blog &#187; Blog Archive &#187; Avoid Spending in A3Union Please</dc:creator>
		<pubDate>Mon, 20 Aug 2007 17:33:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.digitalmoneyworld.com/ponzi-scamsdigital-currencys-dirty-not-so-little-secret/#comment-340181</guid>
		<description>[...] Ponzi Scams Dirty Little Secrets Part I - Ponzi Scams Dirty Little Secrets Part [...]</description>
		<content:encoded><![CDATA[<p>[...] Ponzi Scams Dirty Little Secrets Part I &#8211; Ponzi Scams Dirty Little Secrets Part [...]</p>
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		<title>By: Avoid Spending in A3Union Please at No Bullshit HYIP Blog, A Part of No Bullshit Network</title>
		<link>http://www.everyjoe.com/articles/ponzi-scamsdigital-currencys-dirty-not-so-little-secret-162/comment-page-1/#comment-340180</link>
		<dc:creator>Avoid Spending in A3Union Please at No Bullshit HYIP Blog, A Part of No Bullshit Network</dc:creator>
		<pubDate>Mon, 20 Aug 2007 14:30:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.digitalmoneyworld.com/ponzi-scamsdigital-currencys-dirty-not-so-little-secret/#comment-340180</guid>
		<description>[...] Ponzi Scams Dirty Little Secrets Part I - Ponzi Scams Dirty Little Secrets Part [...]</description>
		<content:encoded><![CDATA[<p>[...] Ponzi Scams Dirty Little Secrets Part I &#8211; Ponzi Scams Dirty Little Secrets Part [...]</p>
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		<title>By: Bribes, Encroachment and Ponzi Schemes in Franchising at PIGASYS</title>
		<link>http://www.everyjoe.com/articles/ponzi-scamsdigital-currencys-dirty-not-so-little-secret-162/comment-page-1/#comment-340176</link>
		<dc:creator>Bribes, Encroachment and Ponzi Schemes in Franchising at PIGASYS</dc:creator>
		<pubDate>Wed, 15 Aug 2007 19:06:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.digitalmoneyworld.com/ponzi-scamsdigital-currencys-dirty-not-so-little-secret/#comment-340176</guid>
		<description>[...] and e-Gold, and not really Sean&#8217;s story, but rather Mark Hemel, another b5Media Blogger, writing about Ponzis schemes who says: It is widely discussed in my Internet circles and suggested in many others that &#8216;online [...]</description>
		<content:encoded><![CDATA[<p>[...] and e-Gold, and not really Sean&#8217;s story, but rather Mark Hemel, another b5Media Blogger, writing about Ponzis schemes who says: It is widely discussed in my Internet circles and suggested in many others that &lsquo;online [...]</p>
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		<title>By: Mark Herpel</title>
		<link>http://www.everyjoe.com/articles/ponzi-scamsdigital-currencys-dirty-not-so-little-secret-162/comment-page-1/#comment-340179</link>
		<dc:creator>Mark Herpel</dc:creator>
		<pubDate>Wed, 15 Aug 2007 16:30:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.digitalmoneyworld.com/ponzi-scamsdigital-currencys-dirty-not-so-little-secret/#comment-340179</guid>
		<description>Thanks Sean glad you liked the post.  I suppose the jury is still out on Snappy Auctions, I liked your most recent &lt;a href=&quot;http://www.franchisepick.com/is-snappy-auctions-a-great-franchise-opportunity/&quot;&gt;post&lt;/a&gt; and the one from &lt;a href=&quot;http://www.franchisepick.com/former-franchisee-claims-snappy-auction-franchises-losing-money/&quot;&gt;May&lt;/a&gt; also.  You get right to the core of the issues.  
Sorry to hear about &lt;a href=&quot;http://www.franchisepick.com/toasted-subs-organizer-settles-lawsuit-with-quiznos/&quot;&gt;Quiznos&lt;/a&gt;, they have some great toasted subs but not sure after reading about them I&#039;d be up for owning one!  


Thanks again.
Mark

</description>
		<content:encoded><![CDATA[<p>Thanks Sean glad you liked the post.  I suppose the jury is still out on Snappy Auctions, I liked your most recent <a href="http://www.franchisepick.com/is-snappy-auctions-a-great-franchise-opportunity/">post</a> and the one from <a href="http://www.franchisepick.com/former-franchisee-claims-snappy-auction-franchises-losing-money/">May</a> also.  You get right to the core of the issues.<br />
Sorry to hear about <a href="http://www.franchisepick.com/toasted-subs-organizer-settles-lawsuit-with-quiznos/">Quiznos</a>, they have some great toasted subs but not sure after reading about them I&#8217;d be up for owning one!  </p>
<p>Thanks again.<br />
Mark</p>
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		<title>By: Beware of Ponzi Scams Online at PIGASYS</title>
		<link>http://www.everyjoe.com/articles/ponzi-scamsdigital-currencys-dirty-not-so-little-secret-162/comment-page-1/#comment-340177</link>
		<dc:creator>Beware of Ponzi Scams Online at PIGASYS</dc:creator>
		<pubDate>Wed, 15 Aug 2007 15:52:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.digitalmoneyworld.com/ponzi-scamsdigital-currencys-dirty-not-so-little-secret/#comment-340177</guid>
		<description>[...] Part One:&#160;Ponzi Scams….Digital Currency’s Dirty (not so little) Secret [...]</description>
		<content:encoded><![CDATA[<p>[...] Part One:&nbsp;Ponzi Scams….Digital Currency’s Dirty (not so little) Secret [...]</p>
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