Multiple iGolder Accounts

You may have multiple accounts, however you must contact iGolder to request an additional account.  Only our Verified Members may have multiple accounts, and the fee to open an additional account is one gram of gold.

 

Please understand this restriction is essential to combat fraud and criminal activities.  Fraudsters often use multiple accounts to hide their identities, and care little about their reputation because they know they can come back under a new identity.  When a member is restricted to a single account, he is more likely to behave ethically because his account reputation exposes all his business activities, and if his account is terminated, he will not be able to use iGolder anymore.

 

Please do not try to open multiple account to circumvent our Know Your Customer policy.  If we discover an individual having multiple accounts without our authorization, we will consider this a violation of our Account Agreement and will freeze all accounts for investigation.

 

Multiple Sub-Accounts

There is little need to have multiple accounts, because your account can hold an unlimited number of sub-accounts at no cost.  Also, there are no fees to transfer gold from any of your sub-accounts.

 

Each sub-account has a name, so you may operate multiple businesses from your account without disclosing your other businesses.  You may pick a DBA name (Doing Business As) for each sub-account and therefore operate multiple businesses with a single account.  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 overall reputation is shared however, so if one of your business earns a bad reputation, it will affect your overall feedback reputation score (also known as Karma).  Your Karma is calculated from all transactions under your account.  On the other hand, any new business you create will automatically inherit the reputation you enjoy at iGolder.

 

 

Feel free to contact us if you need another iGolder account.  We want to learn from you, and improve iGolder to better serve your business needs.  Perhaps you need an extra account to share transactions with your business partner or something else.  We will do our best to accommodate your needs.

 

Creating a sub-account

Step-by-step to create a sub-account

 

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!