[e-gold-list] Re: Gold Age

[Sidd]

Mike,

> This is an attack on the digital currency system per sec.

This is pure speculation, unless you can show me evidence to the contrary.

>  *Any* exchange could be construed as a currency exchange.
>  Any wholesaler is exchanging goods for currency on a two way street.

This sounds like nonsense to me, but in any case is a red herring
because this is not a discussion about exchanges, it is about  "money
transmitting". From what I understand, Gold age is not accused of
operating an illegal exchange, they are accused of illegal money
transmitting.

>  it may be that Digital Currency is perceived as a threat to the mainstream
> financial institutions.

I have no doubt this may be so, but is a separate issue and has no
direct bearing on the Goldage case, since they are not a DGC, and
their case is not about exchanging DGC, it is about money
transmitting.

>  I did mention this before several years ago that
> one day the government would be prompted by the financial institutions
> of the day, to take action against the industry. It looks like this has
> now happened.

I think you are mistaken. Please show me evidence that either
"financial institutions" or "the government" are involved in the
Goldage case. To me it looks more like a local DA's office zealously
(and perhaps mistakenly) attempting to enforce existing legislation
concerning money transmission.

> I believe it was no
> co-incidence that Gold Age was targeted out of the list of exchangers.
> Ragnar is also the chairperson of the GDCA.

I believe you are reading too much into this... The DA believes Ragnar
was illegally transmitting money and has taken action... the reason
for his apparent (to us) overly heavy handed action is pure
conjecture.

> It only remains to be seen if Ragnar and his associate can come out of
> this intact and that will depend upon the quality and effectiveness of
> their legal team

Indeed, time will tell, and I wish them every success.

Sidd.


---
You are currently subscribed to e-gold-list as: e-gold-list at kobly.com
To unsubscribe send a blank email to leave-e-gold-list-512001C at talk.e-gold.com

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.