Comments: WebMoney does a gold unit

Webmoney is a force of nature, growing very rapidly. There gold will certainly gain a wide audience. WMG is now almost added it to Open2Exchange for P2P trading along with e-gold and Pecunix. Check out the trading around the end of August for some action.


Posted by Mark Herpel at August 8, 2007 05:05 PM


Posted by Does WebMoney know something the Russian Central Bank does not???? at August 9, 2007 09:31 PM

WebMoney certainly knows something that the Russian Central Bank does not. Their track record evidences that much. When the Russian banking system was going to hell in 1998, WebMoney has outdone all of them. That's when they established themselves as a reliable financial institution.

As for Ponzies, they have a fraud watch forum ("oborona", literally "defenses"), which is rewarding those who report fraud that gets validated later. Various sightings are categorized as either "suspicious" (upon reporting) or "fraud" (after validation), as more becomes known. It's a more-or-less bog standard web-based forum with a few add-ons. But this name-and-shame approach seems to be effective.

Posted by Daniel A. Nagy at August 10, 2007 09:31 AM
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