UIGEA Fallout! Don't Worry about the eWallets: Worry about the Network

[Billman]

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Well, you can't seem to grasp the original point of my post, which was simply to say that it isn't "already over". But, whatever.

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You win for being technically correct. Yeah you! But the reality is that while it's not "already" over it is very likely over in the near future (6 - 8 months). You're merely getting into a pissing contest on whether the Titanic was sunk when it hit the iceberg or when the last piece of it slipped below the waters.

Yes, the hard core players will set up proxy servers and fly to Panama to make cash deposits but the fish who used to make this game so profitable will not go to these lengths.

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And what is your background, that you can make this universal assertion?

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I've designed and run payment systems. In fact I architected the payment system for a company that was formerly the third largest eCommerce site in the world. Hundreds of millions in transactions a year. I've worked with Visa, MasterCard, banks, ACH/EFT networks, etc. I've had to design interfaces into their protocols and APIs and know what they can and can't do and/or how easy or difficult it is for them to do something.