11 Jul '13, 5am

#Gold based payment system iGolder ceases operation, recommends #Bitcoin in their cease note! #inter…

#Gold based payment system iGolder ceases operation, recommends #Bitcoin in their cease note! #inter…

We are sad to announce iGolder will be ceasing operations on August 1st, 2013. During the past months, we have been recommending Bitcoin more than our own payment system. We believe in physical gold ownership, and developed iGolder as a mechanism for people to acquire physical gold by trading with one another. Since iGolder has a central point of failure (our server may be raided by thugs wearing some kind of uniform), we feel it is safer for us to cease operations. The iGolder experiment has been personally rewarding as we met many gold enthusiasts and also learned about Bitcoin in the process. For those who have no idea what Bitcoin is, we recommend doing your own research. Bitcoin is far superior to iGolder in every way, both in privacy and security as our server is always vulnerable to confiscation. Bitcoin is a communication protocol with a built-in "escrow service" c...

Full article: http://www.igolder.com/

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