Thread title is good , but I would go with Return to Sound Money / Gold backed card . Something like that .
The Return of Sound Money
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Danke
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How about trading for beads?
High quality bead days are over . The white socialists invaded the country like locusts . Being too lazy to make nice beads for themselves they outsourced it to chinese kids . Nobody wants those . I usually just go with something simple like Bobcat claws or teeth these days .
Danke
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How many Bobcat claws or teeth do I need for a young squaw?
helmuth_hubener
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THIS is your invitation, Danke! You're all invited! Everyone's invited! Midas is my site.
I haven't had time yet to make a nice sign-up form and process. So, we're just doing it via PM.
It is about time you settled down and made some babies . Some new recruits for my militia .
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helmuth_hubener
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e-gold:
* You could pay anyone with an e-gold account
Midas:
* You can pay anyone who accepts Visa
The Liquid Gold Card is an actual, physical payment card I send you in the mail, which you can use just like any other payment card, and which is 100% backed by gold.
e-gold:
* Combination of factors (anonymous, spends were irrevocable) made it very attractive to criminals. Crime, gambling, and pyramid/MLM scams were the top three principle clientele of e-gold. Sad but true. Libertarian enthusiasts were a distant fourth. This brought them, inevitably, to the disapproving attention of the authorities.
Midas:
* Midas is not anonymous, spends are revocable, and it has no feature that would serve any purpose for a criminal, nor for illegal gambling, nor for pyramid/MLM scams. Not one. It holds no attractiveness nor value for such applications. We want only honest, high-quality people on the platform.
We are doing everything by the book and are strongly focused on avoiding any legal problems. Protecting our customers and keeping you safe is Priority #1 and no other priority even comes close.
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helmuth_hubener
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Great question, BTW, angelatc! Thank you!
helmuth_hubener
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Just make that ball land on red and you'll be able to buy plenty!
PierzStyx
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Well, it seems like you, or whoever runs the vault, is the one holding the gold. Not me. I get what you're saying about how it works. And it isn't like But the issue is that the whole point of holding gold is that I hold it, in my hand. Or at least I have easy access to it.
And it still sounds like I'm left using dollars. You take my gold, convert it to dollars, that gets spent. I get what I bought, the company gets gold converted dollars (digital or physical), you get gold with whatever amount you take as user fees and such. That isn't a bad plan as far as economic go, except the dollar is controlled by madmen who are destroying it. That problem and its related problems of devaluation don't go away.
And no, I don't hate you. I hate some of the ideas you've espoused. But that is not the same as hating the person.
helmuth_hubener
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True, physically. But legally, you are the owner.
Excellent!
....???
The whole point? That is the only benefit of gold, to you? Because you can hold dollar bills in your hand too; they satisfy that standard.
If you (a) want to use gold as money, and (b) you absolutely demand to hold it in your hand at all times, if that is your standard, then you have created a Catch-22 for yourself. You will need to first convince everyone with whom you wish to do business to accept gold. That is not practical. So, you're stuck with no solution.
I broke open the Catch-22.
Well, "easy" is relative. If you can ask for redemption in gold at any time and within a week your gold arrives in the mail, would that be easy enough? I think for many, it will be. For you, I don't know. Maybe so, maybe not.
Have you heard of the concept of "Just In Time (JIT)"? It's a manufacturing and logistics concept. That's what this is. Your gold stays your gold until the last possible second. Only when you swipe the card does your gold get sold. At that moment. Why is it sold at all? Because the person you're paying wants dollars. Sorry, but he does. That's the way it is right now. That could change, and Midas is a bridge to that future, but first we have to deal with this side of the shore, as it really is, in order to build our way to the other.
So, you are on the gold standard: you own and use gold, because you have been educated by Ron Paul and Rothbard and others and prefer the benefits of gold (inflation-proof). And at the same time, you can conduct business with everyone else, even though they are still stuck on the dollar standard.
It does for you.
Your account is in gold. You keep gold. Your savings is in gold. You stick everyone else with dollars. McDonalds gets dollars. Home Depot gets dollars. Your barber gets dollars. They still are vulnerable to the madmen and their devaluation. You aren't.
You should actually go to the page and read the intro. I think you'll find my fees very reasonable.
https://Midas.gold/intro
Thank you for the conversation, and keep it coming!
helmuth_hubener
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The more interesting question is: why would you want to hold any dollars?
Jamesiv1
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Why wouldn't I want to?
Seems semantic.....
When the bottom falls out, I would rather have more gold, less dollars. Wouldn't you?
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The Proservative
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Bravo for trying something different, bringing something to the market to help increase the usage of gold and sound money. You're going to need to make some updates to your website, post some legal terms of your policies, some company information, and explain how VISA has authorized you to use their payment network (and what you will do when VISA decides to revoke that authorization), before most people trust you with storing their gold for you. For many, gold is the safest form of currency, to be depended on when all other fiat currency fails. Adding more points of failure, your company, your website, VISA's allowing you to continue to use their network for processing, to the use of gold as currency most likely goes against the very reason people buy and use gold in the first place.
I sincerely wish you the best though, and thank you for joining our fight to make gold and silver legal tender.
I sincerely wish you the best though, and thank you for joining our fight to make gold and silver legal tender.
helmuth_hubener
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Exactly.
With a Midas account and a Liquid Gold card, you can run your life on gold. You can have your main financial account in gold. Then you only convert to dollars at the last possible moment, and you convert the bare minimum of exactly what you need to pay that particular bill.
Here's another cool way of looking at it. The Liquid Gold card is like having your own personal currency exchanger there with you at every check-out line. You hand him the gold coins. He accepts them in his left hand, and with his right he passes the cashier the correct amount of US bills and coins. All of a sudden, for you, gold is accepted everywhere!
helmuth_hubener
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Thank you very sincerely! Would you be interested in being a beta-tester to help make sure all the bugs are worked out? And also to offer all your suggestions? I could really use the help! Or any help! Even your post here in this thread was helpful, and I thank you.
Any thoughts on what direction you would take it? Make it more a clone of a typical bank site? Which current parts are the worst?
That almost certainly will not happen. We have done everything in an approved, above-the-board way. However, we have also done it in a very smart and risk-adverse way, so we are totally prepared if this were to occur. We would inform everyone and simply send everyone back their funds. No big problem. Inconvenient, but no customer loses any money.
helmuth_hubener
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[MENTION=9064]Ender[/MENTION], [MENTION=8481]GunnyFreedom[/MENTION], [MENTION=12430]acptulsa[/MENTION]? Thoughts?
