DinarDirham VS. e-Gold! On gold backed digital currencies
Other problems ensued e-Gold as well, such as server crashes (due to unexpected high traffic volumes), which severely frustrated customers. Several copycat businesses also caught on to the concept and grabbed e-Gold customers. And just as e-Gold upgraded it’s servers, the worst attacks came – cyper scammers. These scammers were able to phish user account details and drain their funds. e-Gold eventually did fix the phishing problem and business soared again.
E-Gold, however, is not dead as some may assume, Jackson is now taking regulations more seriously, and is working on revitalizing e-Gold. He claims that none of this would have had to happen if the government had decided to work with him, and not treat him like a criminal.
For those of you who are weary of e-Gold’s past failures and blindly attribute any gold-backed digital currency as being the same situation in a different package, but have absolutely no problems with the likes of Bitcoin, Paypal, etc, then here’s an informative excerpt just for you:
~ The DinarDirham Team.