- Joined
- Jun 13, 2006
- Sythe Gold
- 0
- Messages
- 638
No this isn't a post about me not being able to figure out E-gold.
This has been a topic of interested for me and a couple other prominent mil sellers lately, and I haven't seen any topics on Sythe about this. I'd like to thank Meft and R2Pleasent for filling me in on this issue, and I've also done some research of my own.
I thought this was rather important considering E-gold has been the preferred method of payment for most mil sellers for awhile now.
Recently E-gold was Indicted by the federal government for supposably allowing several illegal activities to occur, including transactions for drugs, child porn, and numerous other things. I have personally seen several underground websites selling drugs via E-gold, and considering that E-gold's whole appeal is their anonymity (and lets just ignore the fact that their affiliated with Hushmail, something E-drug dealers love) these accusations don't surprise me. This has, from my understanding, resulted in some E-gold accounts being frozen or blocked.
Also, recently Omnipay (the primary E-gold exchange service) has stopped accepting sales of E-gold, and this has had a disturbing affect on the market, as almost all the other primary exchangers have either had their accounts frozen or have stopped accepting outbound E-gold exchanges. A few are still accepting E-gold exchanges but with terrible rates (One site wanted 50% of your transaction). So to put it plainly, you can't really take money out of E-gold right now through any of E-golds recommended exchangers. I found a few independent exchange services but I can't vouch for their credibility.
If I understood the Omnipay website correctly, they should be resuming transactions on June 18th, however I can't say for sure. E-gold is backed up by real gold, so if you have funds in there at the moment it should be ok.
If anyone knows more about this or thinks I have some incorrect information feel free to post.
Sources:
http://www.e-gold.com/letter3.html (letter about indictment)
http://www.thebullionexchange.com/ (letter from exchange service listed on E-gold's exchange page)
http://www.omnipay.com/opa2007.asp (Omnipay's notice)
This has been a topic of interested for me and a couple other prominent mil sellers lately, and I haven't seen any topics on Sythe about this. I'd like to thank Meft and R2Pleasent for filling me in on this issue, and I've also done some research of my own.
I thought this was rather important considering E-gold has been the preferred method of payment for most mil sellers for awhile now.
Recently E-gold was Indicted by the federal government for supposably allowing several illegal activities to occur, including transactions for drugs, child porn, and numerous other things. I have personally seen several underground websites selling drugs via E-gold, and considering that E-gold's whole appeal is their anonymity (and lets just ignore the fact that their affiliated with Hushmail, something E-drug dealers love) these accusations don't surprise me. This has, from my understanding, resulted in some E-gold accounts being frozen or blocked.
Also, recently Omnipay (the primary E-gold exchange service) has stopped accepting sales of E-gold, and this has had a disturbing affect on the market, as almost all the other primary exchangers have either had their accounts frozen or have stopped accepting outbound E-gold exchanges. A few are still accepting E-gold exchanges but with terrible rates (One site wanted 50% of your transaction). So to put it plainly, you can't really take money out of E-gold right now through any of E-golds recommended exchangers. I found a few independent exchange services but I can't vouch for their credibility.
If I understood the Omnipay website correctly, they should be resuming transactions on June 18th, however I can't say for sure. E-gold is backed up by real gold, so if you have funds in there at the moment it should be ok.
If anyone knows more about this or thinks I have some incorrect information feel free to post.
Sources:
http://www.e-gold.com/letter3.html (letter about indictment)
http://www.thebullionexchange.com/ (letter from exchange service listed on E-gold's exchange page)
http://www.omnipay.com/opa2007.asp (Omnipay's notice)
