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Customer Review for Matt Gagnon:


9 of 14 people found the following review helpful:
Review:
April 19, 2005
Reviewer:
Gold Hunter from US.
Review Title::
Doggy e Currency Program.
Rating:
1 Star (or Unacceptable).
Review:
I came across Mazu etc when researching DXGOLD e-currency exchange program. While all these sites trumpet about the potential profit, no one bothers to explain what DXGold does, who is backing it and how does the business model make economic sense.



It is probably true that people in the game are now:

(a) Buying a virtual currency backed by nothing (no goverement, bank is backing it. I have not seen any proof that gold reserve are available either as e-gold examiner shows its user). The exchange takes real money, and give out soild e-money - profitable isn't it ?



(b) Invest using those virtual currency into Didgot (some sort of imaginary virtial company) and watch the value of the 'share' grow.



(c) Cash their profit out via the so-called DX Market maker/merchant who will accept the virtual DXGold currency in exchange for real moneybooker/paypal/egold etc from their own account. The merchant is paid a commission by the DXGold company for their effort (read:taking the risk). The merchant then probably waiting anxiously for people to exchange solid e-currency for their e-currency. Alternatively, they can try to exchange their DXGOLD currency with other merchant for solid e-currency. However, when the musical chair stops.....that is when some people will be in tears..




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