Hello dear fellow e-currency users. I’m not sure how much of the story of e-gold’s rise and downfall you may know, but in any case I think you will find the article I’m about to tell you about quite interesting. It comes from Wired magazine so the source is reputable. In my opinion the article provides a fair and balanced portrayal of how and why the dream that once was e-gold came tumbling down.
The article is 5 pages long, so I won’t be reproducing it here, but here is a brief excerpt from the article:
In a sparsely decorated office suite two floors above a neighborhood of strip malls and car dealerships, former oncologist Douglas Jackson is struggling to resuscitate a dying dream.
Jackson, 51, is the maverick founder of E-Gold, the first-of-its-kind digital currency that was once used by millions of people in more than a hundred countries. Today the currency is barely alive.
Stacks of cardboard evidence boxes in the office, marked “U.S. Secret Service,” help explain why, as does the pager-sized black box strapped to Jackson’s ankle: a tracking device that tells his probation officer whenever he leaves or enters his home.
“It’s supposed to be jail,” he says. “Only it’s self-administered.”
Jackson, whose six-month house arrest ends this month, recently met with Wired.com for his first in-depth interview since pleading guilty last year to money laundering-related crimes, and to operating an unlicensed money transmitting service. His tale is one of countless upstarts and entrepreneurs who approached the internet with big dreams, only to be chastened by sobering realities.
Go here to read the full article:
Happy reading. If I come across any more e-gold related news/articles I will let you all know.