iGolder Club Membership

iGolder is a private peer-to-peer exchange network for individuals.  We forbid club membership to corporations and organizations because such entities are faceless.  Those organizations are nothing more than anonymous entities and therefore cannot earn a genuine reputation at iGolder.  Besides, we do not have the expertise to validate the authenticity of such corporate documents because there are too many different types of corporations and jurisdictions around the world.

 

If you own a business, you are welcome to open an account under your name and create a sub-account for your business.  With iGolder, you may create unlimited sub-accounts, and you may pick a DBA name (Doing Business As) for each sub-account.  You may therefore operate multiple businesses with iGolder and your customers will never know about your other businesses, unless you wish to disclose them.  To ensure privacy between your business transactions and your personal life, iGolder maintains a list of feedback comments for each sub-account.  Your reputation score is shared however, so if one of your business has a bad reputation, it will affect your reputation Karma.  If you earn a Demerit Point, then it will affect the transfer fees of all your sub-accounts.  Likewise, any new business you may create will automatically inherit the good reputation you enjoy at iGolder.

 

If you work for a corporation, you  are welcome to open an account under your name and make a trade agreement with your organization for opening a sub-account on their behalf.  We don't mind you doing business on behalf of an organization, however you are responsible of the actions done under your account.  At iGolder, everyone has equal rights, and we do not grant immunity to government organizations (corporations) for committing crime.  At iGolder, a crime is a crime, regardless of its origin and who committed it.  For instance, a crime may be committed by single individual, a few gangsters, or a large gathering of professional criminals calling themselves "The Government".  The world's biggest criminals run the government and hide behind corporations.  They commit crimes with impunity, such as mass murder (war), kidnapping (conscription), slavery (taxation), theft (inflation), and extortion using The Law.  When something goes wrong, those criminals disappear without any consequences to their personal lives - except, of course, the minor inconvenience of creating a new corporation and resuming their criminal activities as before.  We believe people are responsible of their actions, and when they commit crime, they should be held accountable for their actions.  Consequently, if a criminal activity is done under an account at iGolder, we will take legal actions against the account owner rather than trying to sue a piece of paper (corporation).

 

Why does iGolder have this policy?

A business is an entity serving its customers, and we are rather picky about our customers.  At iGolder, we are committed serving people, not serving faceless corporations - which are nothing more than pieces of paper.  By having this policy, we aim to disqualify large businesses as our customers.  Shareholders of large corporations don't trust each other, no more than they trust their CEO.  Therefore, no large corporation would authorize their CEO to open an account at iGolder, fearing the risk of being scammed by him.  Likewise, no CEO would dare to pledge his name as collateral for what may happen to his organization.  CEOs of large organizations avoid responsibilities; they seek fat paychecks and a golden parachute in case anything goes wrong.

 

A corporation is the creation of a government and therefore subject to its government laws and regulations.  The government grants special privileges to its minions (corporations), typically by making laws to legalize plunder and authorizing the use of violence towards innocent citizens.  We believe what an individual is not allowed to do, then a corporation or a government body is not allowed either.  A government is nothing more than a group of individuals, typically people from your neighborhood, trying to coerce the rest of the population to appease their envy.  Why should this group of people (the government, or some corporation) be granted special privileges to use force against others?  (If you are looking for an answer to this question, feel free to read The Nature of the State  or listen to this MP3)

 

Also, a government may lawfully forbid gold ownership to its corporations.  Since politicians are in control of the government, they may decide, on a whim, to confiscate all gold belonging to their corporations.  When politicians are short of funds, legal plunder becomes their favorite mean to buy votes for the next election.  Therefore, having corporations as customers represents a liability for the safety and stability of iGolder.

 

A government cannot forbid gold ownership to sovereign individuals, unless violating human rights.  This is what iGolder is about: individual sovereignty.

 

 

 

Since August 1st, 2013 iGolder is no longer accepting new accounts and balances can only be redeemed. During the past years, 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 feet 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" capable of protecting both the buyer and the seller, rendering our Safetransit completely redundant. To learn more about the Bitcoin protocol and its feature, please watch "http://www.youtube.com/watch?v=mD4L7xDNCmA (Bitcoin 2012 London: Mike Hearn).

For those having gold in their iGolder account, we will ship the physical metal to anyone having more than 1 ounce of gold, assuming the owner is willing to assume the shipping costs. For smaller quantities, we offer to settle in Bitcoin, however we will also settle with any other reasonable payment system. We will give everyone at least two full years (until 2016) to contact us to claim their gold. After that period, any unclaimed gold will go to fund an economic development project in Honduras helping local people to become entrepreneurs.

We sincerely wish you the best in life and hope to keep in contact with you.

Yours in liberty,
The iGolder Team.


Update 2014: Since we announced we no longer accept gold transfers, we have received countless emails asking to keep the free gold charts and the PGP encryption tools. We plan to keep running the domain iGolder.com for both the gold charts and the encryption tools. Better, we are developing state of the art open-source software for a secure decentralized social network with a built-in wallet. We will announce when we have a product ready for use. Stay tuned!