DGC Charts Signal Growth and Changing of the Guard
October 28th, 2008 • Related • Filed Under
Both GoldMoney and BullionVault are experiencing nice growth.
Digital Gold Bullion Products
Ponzi crowd makes the switch as Liberty Reserve overtakes e-gold in traffic.
Changing of the Guard
Comment by Pecunix user on 1 November 2008:
The spike shows a direct correlation with the financial turmoil, any stats on Pecunix?
Would be good to see the stats for Pecunix in regards to the disabling of the automation interface.
Your graph shows how the main gold storage firms are progressing, but not for the pure DGC operators.
I cant help but think if Pecunix held onto their bottle, they would have been okay considering they are offshore, Although KYC seems to be a given if you want to move forward and be a credible DGC entity.
For me Pecunix is the best DGC provider out there, but they need to reamerge with standards to protect child crime evil and deal with the fadism of terror threats.
With that said, I cant help but think, unless Pecunix opt for some sort of Crowngold (KYC) framework they will loose ground as the last can become the last; instead of “the last shall be the first”.
As a sound DGC user, it makes me feel sad that the abillity to further expand the pure DGC market (new business models, through automation) has been stunted by the power that be, we need to get back to the pioneer spirit left by e-gold.
;0)
Comment by Mark on 1 November 2008:
Yep, true that. I think innovations such as digital bearer certs, decentralization of assets and multiple ‘personal’ currencies such as loom provides will be the future.
“It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” Charles Darwin
Comment by Pecunix user on 4 November 2008:
“It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” Charles Darwin
Very true!
Comment by Bill St. Clair on 21 November 2008:
Darwin made a mistake in using superlatives. It’s not survival of the fittest. It’s survival of the fit. You don’t need to be at the top of the heap to survive. You just need to be fit enough.
I believe it was L. Neil Smith who I first noticed promoting this idea.
Bill St. Clairs last blog post..World Demand collapsing