(Digital Money World) I’m beginning to like c-Gold, though it’ll be quite awhile before I get the account funded.c-Gold reminds me a lot with the very instant resemblance to e-Gold (and I had mistakenly thought that it was an e-Gold rip off intially). With features almost the same with e-Gold, let’s look at the similarity and differences.
You Get A Turing Number, a Challenge ema.. Oops a Pin
Security of both e-Gold and c-Gold are pretty much similar with both running behind secure SSL. Challenge email comes in right after you log into your c-Gold account. Pin falls in right after the right Passphrase and combination for e-Gold. Major difference here would be the rotating turing numbers that e-Gold uses I guess :P
Both of these Digital Gold Currencies (DGCs as Mark would call them) doesn’t support charge backs which is good for business vendors who find credit card charge backs a real hassle.
Grams They Say
Both DGCs denominates their bullion by weight where e-Gold has both ounce and grams working, c-Gold only uses grams. You’re spoilt for choices when it comes to valuing your gold in both instances. Assuming since c-Gold is based in Malaysia, you have more Asian currency choices to choose from (25, I’ve counted).
And the way you spend is almost exactly the same for both. Same goes for history when you check back on your transactions records. e-Gold has an edge on phone access to do transactions at the moment with WAP services.
Very low transaction fees. I suppose we have to look at the outexchange rates for c-Gold as well to determine which is cost effective. With the turmoil that e-Gold is currently facing with the DOJ, out exchanging e-Gold to fiat cash is uberly expensive.
Redeem a Bar of Gold!
Ooh, I like this. If you have over a 1,000 grams worth of gold which is about 3,200USD for now, walk into c-Gold’s Penang bail location, grab the bar out and hit anyone with it as if its a brick. c-Gold allow anyone (or rather any users) under the sun to just bail out the physical stuff, where as e-Gold only allows primary dealers to do so.
Not that all these redemption is exactly important, but I’m glad to know that auditing is done constantly with their holdings for both c-Gold and e-Gold. This is important for transparency. I suppose c-Gold scores better here with the number of active users as along with the amount of circulation displayed.
Business, Cha-Ching?
Interested merchants would be pleased with both e-Gold’s SCI and c-Gold’s CTP on how easy it is to accept both Digital Gold payments. The setback that c-Gold loses out to e-Gold is in the number of merchants, exchangers and the current circulation of bullion that it has as compared to giant e-Gold which has been operating for more than a decade.
Still c-Gold’s situation is improving where as with e-Gold’s problem with the Feds, you can slowly see the decrease of traffic (meaning business) on Alexa.
Conclusion
Where c-Gold has the room and potential to grow, it’s under a jurisdiction which is definitely more liberal and friendly than the Feds. And believe me, Bank Negara Malaysia is so much friendlier than the US government in terms of circulation of digital money.
I do believe in the potential, and although you can’t see much differences in both c-Gold and e-Gold at the moment, you would probably see things change in the near future.
from source : http://www.digitalmoneyworld.com/tag/c-gold/
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