Post
Topic
Board Beginners & Help
Re: I am a lawyer, and I'm new here
by
Dave Knight
on 26/05/2013, 08:17:21 UTC
Thank you for the warm welcome! Thanks for your PMs, as well. There are a lot of people out there with real-deal bitcoin matters and I'm happy to be of assistance however I can.

One of the problems plaguing bitcoin right now is the time it takes to get coins. Bank transfers can take 4-5 business days which, taking into account the weekends, could be over a week before you are able to purchase BTC.

Many people are reluctant to accept a faster form of payment like PayPal, credit cards, etc. because the transactions are reversible and you can't get the BTC back.

What would you think of an exchange that sold a digital object of value such as an ebook or music, then included a free amount of BTC? Since BTC are essentially "play money" and of no legal value, their inclusion would not be part of the transaction, just a freebie from the seller of the digital product.

This would mean people who paid with PayPal, etc. couldn't reverse the charge once they'd received the digital product.

Any legal issues?