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We are using a scheme based on this premise as part of Orchid, a decentralized market for Internet resources such as bandwidth. https://github.com/OrchidTechno
by saurik 5y ago
We are using a scheme based on this premise as part of Orchid, a decentralized market for Internet resources such as bandwidth.
https://github.com/OrchidTechnologies/orchid https://github.com/OrchidTechnologies/orchid
In the current end-user client--which you can currently download from the iOS/Android/Mac application stores--we use this to pay for VPN service "as you go" in rather small units (the size of these chunks in our case feels limited by bandwidth overhead of sending signatures and CPU usage for signing tickets, as opposed to by the reasonable size of a transfer).
https://www.orchid.com/download https://www.orchid.com/download
- thinkloop 5y agoWhere do the savings come in? If you know how to securely send lottery tickets why can't you use the same system to send the money instead?
- saurik 5y agoSee my response to your other question here: https://news.ycombinator.com/item?id=27681781 https://news.ycombinator.com/item?id=27681781 (but like, the idea is that you can spread the cost of an underlying transfer--which costs money to perform and potentially permanently store on the underlying blockchain--across all of the people making probabilistic payments, which you can make very small if the people involved are willing to tolerate the variance on a resulting purchase and have a high enough principal to still have a reasonably high efficiency after paying for the amortized fees).