To: TobagoJack who wrote (6949 ) 8/11/2001 10:58:33 PM From: Maurice Winn Read Replies (1) | Respond to of 74559 Thanks for that link Jay. I suppose there will be many who fail, crash and burn [just like those inventing aircraft 70 years ago]. <CURRENCY FAILURE CURRENCY FAILURE Would have been better off with anything than digital currency?: C-NET News E-currency site Flooz goes offline By CNET News.com Staff August 9, 2001, 12:55 p.m. PT With Flooz.com's Web site on hold since Wednesday, e-tailers across the Web have stopped accepting the online currency for payment and have left customers wondering if they are holding worthless paper. The online payment service closed access to account information Wednesday and asked at least one e-tailer to remove links to Flooz as a method of payment. "We are currently unable to process your transaction," reads a note on the Flooz site. "Check back for further updates. We apologize for this inconvenience." Flooz Chief Executive Robert Levitan, a co-founder of women's site iVillage, declined to comment Wednesday. On Thursday, Levitan and other company executives were in a meeting and unavailable for comment. A company representative said Flooz planned to release a statement "soon." Several Flooz investors, including Oak Investment Partners, NextCard and Maveron, did not return calls seeking comment. The extended shutdown and the lack of communication doesn't look good for Flooz or its customers, said James Van Dyke, an analyst with Jupiter Media Metrix. "If this isn't a sign that they are dead, it's a sign that they've been killed," Van Dyke said. "If this is a server crash, it's due to something unexpected. I don't see them recovering." > It doesn't mean cybermoney is going away any time soon. Mqurice