Re:The Handshake Deal Protocol
by ghshephard on Thursday March 14, 2013 @06:52PM
(#5378152)
Well, my arguments for Cash would be:
o Physical Tokens continue to have real value beyond the ephemerality of digital data.
o A scrawled signature is both somewhat of an validation of identification, plus, it's a somewhat more concrete step than just sending an email. There is ceremony around it.
o With a bit of thought, you can create a Mini-Term sheet that can be signed/counter signed.
o Sharpie on Dollar bill is harder to modify / change - particularly if you have a number of signatures that have been built up on it.
o That multi-signed dollar bill would have a lot of potency, particularly if you are able to assemble a top-tier investment group. Suitable for framing.
So whether that's scrawled on a dollar bill, transmitted officially via the "PG Handshake Protocol", or signed on your ass with a picture in the mirror for posterity... doesn't matter, have fun with it and get it done!