Developing Systems of Online Payment
Bob Tedeschi,
New York Times,
Jul 22, 2003
This is an interesting approach to online payments, very similar to what we are developing here. The idea is that you can purchase a virtual debit card from this company, Bitpass, and then deduct micropayments from the card. "When the customer wants to buy an item on an BitPass-enabled Web site, he or she need only give an e-mail address and a BitPass password." Nifty idea, but you must give away your email with each sale, and if you don't want to deal with BitPass, you're out of luck. Say it with me: depersonalized, decentralized, distributed. The three key Ds to DRM.
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