the Guru

The DXSystem needs to become liquid. Period!

And it doesn't make any sense for anybody to introduce new funds until those services are available and working correctly.

Absolutely right. We have all been providing the liquidity side of this for years and yet DXS have failed to yet provide the services side.

I really have to say here that you are laying it on way to thick.

The only thing complicated about anything to do with DXS is the processes they have developed. The only reason I can see as to why everything is so complicated is so that ordinary members have every chance possible to make mistakes which the system will benefit from.

See my comments about 'complicated' above.

This is something that you are completely WRONG about. According to DXS, they have never made any mistakes. All the mistakes have been made by its member and its merchants. They have NEVER been 'forthcoming and open' and I do not see that ever changing.

I have said this many times before and I will say it again here ...

We ALL hope that DXS can make this happen as we ALL (well, most of us and some a lot more than others) have genuine money being held ransom by DXS with no current signs of those funds ever becoming liquid again to the point that we can use those funds to buy food with to survive.

I strongly advise the following :
DO NOT PUT ANY FURTHER NEW MONEY IN TO DXS OR FG UNLESS YOU ARE HAPPY TO POTENTIALLY NEVER SEE THOSE FUNDS IN YOUR HANDS AGAIN!
And please, please, please, keep a regular manual track of ALL your balances during these times of changes. You never know when you are going to need to look back at what your balances were yesterday in order to work out what just happened today!

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Shiisa

Actually Allan.. that is not true... as I recall in Vanuatu, they did admit to some mistakes... and I believe they had admitted to some since them...

but, I'm sure your memory is better than mine...

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the Guru

Could you remind me please as to where they have publicly admitted that they have made mistakes? I would appreciate it.

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CuriousGeorge

The news article concerning the high inflationary period. Don't remember exactly what number it was. But they openly admitted it was an unintential programming error that allowed the loop. They never explained why they let it go on so long, though.

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lynnette

Yes, the 10 day period in July 2005 they admitted was their mistake. Nothing else to my knowledge has been admitted to be their fault.

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Lynnette
If you always do what you've always done, you will always get what you've always got. If you want what you've never had, you have to do what you've never done.

dx4allpro

DXS are currently in the process of re-introducing fees that will hopefully go some way towards making the system liquid. At this stage, paying those fees from the gains (DXRewards --> DXCredits --> DXGold) made within the system makes it unnecessary to have to pay those initial fees using fresh funds.

Fortunately, I'm one of the individuals who didn't have any inflated funds as a result of the churning that resulted in the inflationary pressures that the system has had to deal with up to this point. DXS have used a range of approaches in reducing the inflationary pressure to acceptable levels and they now seem comfortable in re-introducing fees and moving the economy towards liquidity and bringing the services forward.

See response above.

The collective funds provided by all of us are liquid in the sense of legal tender. However, once those funds are introduced into any financial storage system, the mechanics of moving and redistributing those funds can add elements of risk and uncertainty as is the case with DXS.

DXS are now working on the issue of liquidity and service re-introduction.

To reiterate: "DXS is seeking to develop an online economy. Why would anyone think that an up-and-coming online economy is any easier to implement and manage than a real-world offline economy?

Can you imagine the checks and balances that are needed for this new online economy to work?"

Laying it on too thick? I think not!

Since your time being online, can you point me in the direction of an Internet / Web project that is as ambitious as that being attemped by DXS?

Google? I think not!

Microsoft? I think not!

PayPal? I think not!

eBay? I think not!

eGold! I think not!

MySpace? I think not!

FaceBook? I think not!

YouTube? I think not!

My goodness my dear friend, this project is a behemoth!

Hmmm ... So, how has the system benefited from its seemingly complicated structure? Can you clarify?

Developing any economy is a complex process, online or offline.

In my original post I haven't stated or suggested that DXS have admitted to making mistakes. I've drawn the conclusion that they've made mistakes based on the fact that they have been trying to address -- for example -- the problems created by the churning of funds that led to the inflationary pressure that they allowed to build up over an extended period of time. In my opinion, that is an error of judgement. A mistake. Whether DXS has admitted responsibility or not depends on who you talk to.

I do remember carefully reading the DXIO Help files that described how to manage a portfolio. However, in reading other material from a number of DXIO courses, there was a policy of churning funds. I stayed away from such practices because, I felt it was wrong. And I must say, my instincts were right. I would have ended up contributing to the problem. The truth is, greed was rife because of this churning-loophole! And DXS allowed it to continue unabated.

As intimated in my post, I hope DXS have learnt from such errors as the inflationary fiasco. I don't expect to hear about another bout of chronic churning now or in the near or distant future. They will have plugged the loopholes.

Whether DXS become more open and forthcoming will become clear in due course.

"Ransom" is a strong word seemingly implying that DXS have ulterior motives. Let's try to avoid making unsubstantiated claims although I do appreciate that money does have a strong emotive element attached to it, especially when that money is substantial and inaccessible.

Hopefully, DXS will reveal their hand in a positive light wherein we can all rejoice and wonder why we ever doubted their grit and determination in the first place.

In light of current doubts about the system, your advice is appropriate. And, of course, there was no suggestion on my part, that anyone should bring fresh funds into the system.

As things now stand, it's a simple matter of waiting to see how DXS deal with the activation of accounts. I'm waiting for a response from them regarding my own request for account activation.

lynnette

Would like to enlighten everyone here as to how exactly we do that?? I think you will find that for the majority of people, paying fees is NOT possible without bringing in new funds.
The system that DX are trying to create, is basically all of the above sites put into one and making it an economy. They have yet to prove they can do even a tiny fraction of any of it, when they do I will be the first to congratulate them. Google is fast becoming an economy in its own right. We can earn money with google adsense, use Google checkout on websites, use their advertising resources, their document handling facilities, webhosting, web design interface and numerous web based tools such as google bookmarks, google notebook, there is google shopping, google mail, google calendar....need I go on?? Oh and by the way, they all seem to work quite well despite some of them being publically labelled as being in beta.


When things are overly complicated people tend to make mistakes, and not usually so that they end up better off


So, further to my question above, how do you propose people get their accounts activated and service fee paid - which by the way needs funds in Incoming balance or Federal gold reserve WITHOUT bringing in new funds.