The E-Gold Replacement
Ok, it has been several days since the disasterous blocking of over a thousand e-gold accounts. There has been a ton of information, rumors and conspiracy theories that have come out since this incident. The e-gold website has been up and down for the past few days as well. All in all, I feel that e-gold is totally useless for us to use any longer. With account blocking taking place at what seems to be random, it is no longer conceivable to keep funds in these accounts. Over the past 5 days or so, myself and other former e-gold users have had lengthy conversations over which e-currency will be the best suitor to replace the departed e-gold. These other e-gold users include the admins of MoneyMakerGroup, various e-currency exchangers, e-currency shops, and just users like yourself who may have previously used e-gold for various things such as selling products, putting money into HYIPs and autosurfs, or even running an HYIP or autosurf yourself. After talking to all these people I eliminated the possible e-currencies of choice down to 2 choices. I then decided to check these 2 e-currencies in several areas which included:
(1) Security - protection from hackers, and the chances of them getting shut down by a government agency. While we certainly don’t condone the use of e-currencies for the use of illegal activities, we can’t have another e-gold disaster where thousands of innocent account holders have their assets frozen.
(2) Integration ability with automated scripts - This is important for merchants who accept and pay out members in e-currency. Without this option High Yield Investment Program and Autosurf admins would not be able to use the e-currency.
(3) Background of administration, site registration, security of holding your money.
(4) Support availability
(5) Chances that the e-currency will be supported by other forums, rating sites, and monitors in the Investment Arena.
(6) Difficulty of use.
(7) Hosting issues and DDOS protection
(8) Workability with any business whether it is a registered investment company, a non-registered High Yield Investment Program, an Autosurf, a rating site, a monitor, a forum, or members from around the world.
After looking at these 8 points among a few other things, we came to a conclusion. Although there are 2 really good possibilities out there that could be used, the one that we believe is the best, and the one that we urge all members to use, including Autosurf Admins, High Yield Investment Admins, Monitor Site Admins, Rating site Admins, our forum members, any e-currency merchants, and any e-currency exchangers is V-Money.
This decision took a lot of time, as we wanted to pick the one that we truly believed was the best for our members. V-Money is the one that not only myself feel is the #1 choice, but the administration of MoneyMakerGroup (MMG) and others in this arena as well.
Here are some of the reasons that we feel V-Money is the best option for you.
Security is up to Par
They utilize a turing number to prevent multiple invalid login attempts from a computer generated bot. You can create long passwords using multiple characters and are recommended to do so.
The company is registered in Panama as per:
Effective July 1st, 2007 www.v-money.net
is owned and managed by Globyte S.A. a Panama Corporation duly incorporated and registered with the relevant authorities. On June 18, 2007 Globyte S.A has been issued a commercial license number 2007-4886 to process online payments.
Unlike E-gold which had it’s offices located in the United States, V-Money does not!
Integratable with Automatic Scripting
V-Money has all the tools available on their site for integrating automated payouts into your site as well as a shopping cart interface to make it easy for merchants to accept payments.
Close affiliation with GoldEx Exchangers
From my investigation they are run by honest folks, who have a very close affiliation with GoldEx Exchangers. It is the opinion of many well known people in the e-currency arena including admins of popular forums, and long time exchangers that V-Money is a trustworthy e-currency that will NOT run off or scam anyone.
V-Money has excellent support. They respond in a timely matter and are very helpful with any issues you may have. This is an extremely important aspect when looking for a reliable e-currency.
Hosting is up to Par, and DDOS protection being implemented
As we are all aware, without DDOS protection an e-currency could be offline for weeks at a time. In this past week we have seen many websites get attacked massively and go offline, including e-gold, goldpoll, and moneymakergroup among others. We have been informed that V-Money has their own stand-alone DDOS protection and have confirmed that they are in discussions with BlockDOS.net to implement their advanced protection right now.
HYIPs, Autosurfs, Users from any Country are accepted
This was one extremely important issue. The e-currency we wanted to suggest had to allow HYIPs, Autosurfs, and any user in any Jurisdiction. V-Money does just that. This means no locked or frozen accounts of innocent members. They won’t go around locking accounts of Investment Programs that are paying their members. It is not V-Money’s responsibility to determine which investment programs are legitimately earning money and which are not.
If you are Not Convinced….
If for some reason you don’t feel comfortable with V-Money, I would highly suggest using another E-currency called LibertyReserve. This E-currency is just as good in all aspect that V-Money is. It’s just I don’t see them being supported by as many other forums and rating sites (This however could easily change). They are just secure, and safe, and we would have no problem suggesting you to use them. They passed our test for all our requirements, have excellent support, script integration, and security. LibertyReserve is by far a professional and easy to use e-currency as well!
So if I were you and you are running an Investment Program, Autosurf, Shop, or just a member looking for a new e-currency, I would suggest signing up to both of these and implementing them in place of e-gold as soon as you possibly can. Both these E-currencies have very lucrative referral programs as well.