Micropayments, redux

[Anton Stiglic]

> > Yes, but the probability of it being significantly worse than I claimed
> > (i.e., by more than a factor t) is exponentially small (in t).  One can
> > easily calculate concretely exactly what the risk curve looks like.
> > I'll spare everyone the details and just say that I see no reason why
> > this should be a showstopper in practice.
> 
> Actually I think it may be a showstopper in practice for rather 
> different reasons -- people's behaviour when exposed to risks is rather 
> odd.  

There is no risk for the user in the new schemes (which is what Peppercoin
is developing)!

Read the paper and/or presentation Zulfikar referenced in his post.
The risk is for the Bank.

--Anton


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