From: Adam Shostack <adam@bwh.harvard.edu>
Date: Sat, 29 Jul 95 12:39:05 PDT
To: aba@atlas.ex.ac.uk
Subject: Re: Zimmerman legal fund
In-Reply-To: <19336.9507291110@exe.dcs.exeter.ac.uk>
Message-ID: <199507291938.PAA08633@bwh.harvard.edu>
MIME-Version: 1.0
Content-Type: text/plain


Adam B wrote:
| Okay, now separate issue, really talking about FV now.  For me, the
| main thing holding me back from using it is that I'm not in the US,
| and don't have a US bank account to open a FV seller acct.  (I would
| have liked to use it as one of the few net payment systems actually up
| and running, as a payment method for the RSA T-shirts, it would have
| been a nice system, allowing me to effectively accept VISA payments
| which I have otherwise been unable to do.)

	Incidentally, the FV terms of service prohibit the sale of
material goods using FV as a payment system.  Its intended for selling
information, not physical products.  This is reflected in the fact
that the seller takes multiple risks of non-payment.

	You could probably get away with selling individualized,
signed tokens redeemable for a t-shirt after 30 days to mitigate your
risk, abide by FV's TOS, and make the buyers happy, but this seems
like a lot of work to use FV.

Adam S


-- 
"It is seldom that liberty of any kind is lost all at once."
					               -Hume