I'm going to resolve a glaring misconception that I've seen run rampant in various forums for at least the last two years.

A DXMerchant, acting as an exchange agent, has to have reserves of various digital currencies in their accounts, in order to process OutX requests within the DXSystem.

Some background reading material:
http://en.wikipedia.org/wiki/Digital_gold_currency_exchanges
http://en.wikipedia.org/wiki/Digital_gold_currency
http://en.wikipedia.org/wiki/Currency_exchange
http://en.wikipedia.org/wiki/Exchange_rate

I find it very interesting that people fail to take into consideration where DXMerchants get the funds to process OutX's.

Too many people think the only source of digital currency that a DXMerchant gets comes from AutoInX's to their Merchant Console, whereby the DXSystem gives the DXUser making the InX the digital currency account # of the DXMerchant that they are to send their digital currency to, and that DXUser gets DXG off of that DXMerchant's Console in exchange.

What I described above is only ONE OF THREE ways that DXMerchant gets digital currency into their accounts to use as reserves to process OutX requests within the DXSystem.

Here are the other two ways:

1) A DXMerchant is running a business, online or off, selling products and services , and taking all or a portion of the funds generated to process OutX requests.

2) A DXMerchant borrows funds from third parties, for a fee, to use to process OutX requests, and makes arrangements to pay those funds back.

I wonder sometimes if anyone ever asks where the London Gold Exchange, the Bullion Exchange, AutoCambist, etc... gets their reserves of national and digital currencies in order to process exchange requests.

The bottom line is this: The most consistent source of funds for DXMerchants to process OutX requests with, would be from the proceeds of a business that they are running, selling products and services, which could be supplemented by funds that they may borrow from time to time.

AutoInX's to the Merchant Console, whereby a DXMerchant gets digital currency sent to their account, in exchange for the DXGold on their Float being sent to the Incoming Balance of the DXUser, only takes place when that DXUser makes an InX of funds into the DXSystem.

How often this takes place depends on a variety of differnet factors, but this should NEVER be depended upon as the SOLE SOURCE of digital currency for the DXMerchant to process OutX requests with on their Merchant Console.

I had a DXMerchant Console before they took it from me in September. There was a time when that console was used on almost a daily basis to make exchanges for DXUsers. This does not seem to be the case for quite a while. Because of all the changes to the DX system over the last year, I determined that it would not be in my best interest to pay $950 to purchase one for myself, since they have discounted my funds so drastically. There was a point when I had 16k TDV and over $3k in float to process exchanges. That condition allowed me to actively move funds out for DXUsers. This is no longer the case.

In my opinion, I find it very aggrevating that those who have decided to purchase new DXMerchant accounts are not performing their duties as DXMerchants. To spend $950 and then not fund their e-currencies to make transactions is a dis-service to all the DXUsers. In my opinion, it is the responsibility of the DXMerchants to make a market for the exchange of e-currencies throughout the DX system. That's how a DXMerchant can earn money on fees for making the exchanges. Why spend the $950 and then sit on the business without providing the service that the console was designed to be used for? Only the DXMerchants can make the market to provide the exchange services that the DXUsers rely on to make their portfolios a viable and worthwhile investment. At this point, it is my opinion that the non-movement of outx's from the portfolios is the fault of the DXMerchants for not funding their e-currencies and performing the services that are required from a DXMerchant to make the market liquid. Therefore, as I consider what's been happening at DX, I blame the DXMerchants for not performing their services as required to make the system viable. If you bought a DXMerchant account for $950, that means that you believe in the system and it's your responsiblility to PROVE that the system is viable by performing the duties you took on when you purchased your DXMerchant account. More than likely, the DX cheerleaders are the same people that have purchased a DXMerchant account. Stop the cheerleading, fund your e-currencies, and perform your duties.

Get on the ball DXMerchants. It's YOUR fault!

topwater

I have to say, that is a tad out of order and way off the mark as the vast majority of DXMerchants haved befored their duties as you put it, and many have funded floats with $2000.00 - $7000.00 via processing OutXchanges but just because they are DXMerchants doesnt mean they have a bottemless pit of money from which to dip into in order to constantly process OutXchanges. Thats like us DXMerchants blaming every DXPortfolio holder who isn't constantly InXchanging funds in order to grow their DXPortfolios. It is ridiculous to say such a thing and lay the blame at anyones door.

Us DXMerchants were more than happy enough to fork out $950.00 and fund our float with over $2000.00 as we thought that the activity would be there which would enable us to cycle our funds on a regular basis and thus consistantly process OutXchanges for the DXSystem. As it turns out cycling the float in order to do that has been extremly difficult due to very slow system activity and low confidence and under utilization of the many DXServices.

DXMerchants have done more than their duty and have put their money where their mouth is so for you to state that we are to blame is extremly lame as we can only work within our own budget and we cant process OutXchanges by producing funds out of thin air. Our funds are just as stretched as every other DXUser, DXMerchants are not some kind of special case where we have huge amounts of excess funds lying around that we can chuck onto our consoles to process OutXchanges at will. People have bills to pay and lives to live outside of the DXSystem so I think you need to alter your standpoint and view of what we do and what you expect from us.

topwater,

When you were an active DXMerchant, what was the MAIN SOURCE of the e-bullion, e-gold, etc...that you used to process OutX's with? Out of pocket? Proceeds from products and services you sold to customers? Loans? AutoInX's to your Merchant Console?

I think that if you ask around, you'll find that the overwhelming majority, if not all, of the DXMerchants who acquired DXGlobal companies came prepared with funds in their digital currency accounts, ready to process OutX's once the DXSynergy version of the DXSystem launched.

Around late August of 2006, OutX's were so scarce, as so few DXUsers had production funds DXGold to list OutX requests with, that the OutX's that could be listed were getting processed within MINUTES.

In many cases, DXMerchants would get messages informing them that there were no OutX's available for them to process, and that they would have to try again later.

We again have processed as many OutX requests as we can, and collectively, our reserves of digital currencies have been depleted since the end of the year holiday season. Many of us are in the process of rebuilding our reserves, by developing for-profit business ventures through the use of our DXGlobal companies, but this requires work that will not gain results overnight...

By the way, why did your Merchant Console get deactivated? I'm assuming that this took place long BEFORE DXAdministration shut them all down in preparation for the launch of DXSynergy. Did you empty your Console Float and never replenish it? How long was your Console inactive before DXAdministration finally decide to shut it down?

That is the BIGGEST load of BS I have ever seen!!!!

I see doro is back on the scene with his pal scammer lol

You are a joke!!!!
Before anybody believes one thing these two say......... do your research ...... save your cash

Dynamic, I need to say that I was out of line by blaming the DXMerchants for the problems that we are facing here at DX. I'm just so pi**ed off at what DX has done, I guess I was grasping at straws. I now have another theory that's probably what's really happened.

Doro, they took my console away when they started the DXSynergy deal, in I believe it was September. I first got my console in May of 2005, and was able to process transactions and make some money on the fees (that DX has now taken away) for doing the exchanges. I was getting transactions every 1, 2, 3, or 4 days. I never really had to wait too long to perform the transactions. That was before there were any DX businesses, or even any talk of DX businesses. It was strictly processing funds. Outx's, AutoInx's, and claims. There was ZERO inflation in the portfolios, and I had figured out exactly what type of transaction to perform and when to perform them. There was a trick to it to keep everything in balance. It was working beautifully until they changed over the the new system (not DXSynergy yet, but I think it was DXinOne) and started letting all these people take DXDebit and invest it directly back into their portfolios. THIS WAS A HUGE MISTAKE AND CAUSED THE INFLATION OF THE PORTFOLIOS, AND IT WAS DX'S FAULT! THEY DID IT TO THEMSELVES!

Now, I'd like to bring Dynamic back into this conversation. DX allowed DXDebit to be re-invested back into the portfolios. Was it a mistake, or was it deliberate? Here's my new theory on what happened. I now believe that DX is a scam, like so many others have been saying for quite awhile. Here's why. I believe that DX allowed DXDebit to be re-invested back into the portfolios DELIBERATELY, in order to HIDE the true value of the actual money that had been invested into the system before that function was initiated. Let's put that into steps.

1.) Create a legitimate looking exchange service and configure it so that it could entice people to use the system and actually create some money by using it.

2.) Once an adequate amount of money was invested, change the system to allow the deliberate inflation of the portfolios, thus diluting the value of the portfolios, and hiding the actual real value.

3.) Once the portfolios were properly diluted and real funds hidden, blame the users for the inflation and implement the idea of Typed funds to bring the inflation under control. This is where the scam comes in. They arbitrarily re.value the Typed funds AND REMOVED ALL THE REAL VALUE FROM THE SYSTEM into their own pockets.

4.) De.value the Typed funds below the actual value of all real funds in the portfolios, and give back the de.valued funds as "system credit", that can't be directly outx'd back into e-currency.

Now, of course there were people that did get money back out of the system, and there will be others with Production Funds, that might be able to get them back out at some future date, but in general, the Productions Funds left are just a small percentage of what people actually really invested. There may have been a few smart people that got their money out of DX before all of this could take place, but the majority of people will never get their money back out of the system. Yes, a few were rewarded, but most are taking it on the chin. They have no recourse whatsoever. DX will never just let them take out what they might have left in Production Funds directly. I also believe that they are setting up to bring in a new round of money through their DX businesses. There's more scamming coming, but I'm not sure how they intend to work that yet. They really did a number on us that's for sure.

topwater

Hi Topwater,

I can certainly see how you came to your conclusion but I think you synical view is somewhat tainted by your hard feelings, and understandable feels I must add, towards DXSynergy and the DXSystem.

While I understand your view point, and yes, DXSynergy where to blame for the inflation period we had, but I don't think that it was their aim to decieive people in order to steal funds from DXUsers. I think it was just a genuine mistake on their part and they have been trying to rectify it ever since. They have tried various ways to allow people to reduce their TDV and clear those inflation gains but understandable, most were not willing to give it up, so after the Reduction Tool, they brought in Time Released funds and gave people a chance to convert and indeed payback their over the odd gains, if they so choosed to. Again, most didn't so this is really the final straw in a long line of soft approaches and having now removed all T Funds from the DXPortfolios, and once again, allowing people to back up those funds and keep them if they so wish, they are finally getting the DXSystem back to a proper balance. After the 30 days are up after everyones DXDW has passed, either paid or unpaid, the DXPortfolios will be in perfect balance, and you will find that OutXchanges begin to move faster as there are no longer any inflation funds and gains being OutXchanged. Everything will be backed up by real funds coming in and going out.

However, DXSynergy have once again been kind enough, or rather fair enough not to simply take all those inflation gains off you because they realise it was their fault in the first place. They are indeed allowing you to keep them by converting them to System Credit which will have to be backed up and released as DXSystem activity picks up. So really DXSynergy are trying their best not to wipe funds off of everyone. You still have them and overtime you will get them! That is the crucial point.

Getting back to your scam theory, if DXSynergy is indeed a scam they would have walked ages ago when things were flying. Why spend all this considerable time and effort building more and more DXServices while the number of DXUsers decreases? Why build a new website, why get the DXGlobal Companies passed by the government, why even bid for a hotel? DXSynergy obviously believe they can and will build a superior system that will eventually function correctly and provide everyone with the chance to create an income stream, or several income streams from the DXSystem.

I think that DXSynergy are forging ahead and the DXSystem will get stronger and stronger. They said themselves that the inflation error has cost them around a year or two of progress and they actually have most of the DXServices ready to release, but they have been giving us every chance to try and get the DXSystem back into a perfect balance. As all of us are humans, we have taken our time reducing our DXPortfolios and giving up those excess gains, so now they have taken the final step in ridding the DXPortfolios of those gains and things can now only improve.

You will notice a great change over the next few months in the DXPortfolios and the DXMerchant Network and the DXSystem in general. Things are improving, but understandable most views are tainted by our past experiences and I don't blame anyone for feeling that way.

Yes Dynamic, I'm very jaded about DX, because I did reduce my DXDebit to ZERO with the reduction tool way before the move T-Funds move in September. That's why I will NEVER understand why I still had inflated funds in the first place. To me, they have simply deflated my portfolio down to less than what I actually deposited, and given me "system credit" for what I did earn with my console and portfolio in a legitimate manner. Outx's don't move, so I can't just quit and take my money and leave. They've put my money into prison and they'll only let me have it when they get good and ready, IF EVER! Any LEGITIMATE business would never be able to get away with those kinds of shennanigans. I would be able to withdraw my funds at will, and could sue them if they didn't give them back to me. Fat chance that suing DX would produce anything but legal costs on my end. They're treating us like dog sh**! Simple as that.

topwater