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Not sure if its a good idea, Email servers get hacked daily, If you’re auto-sending payment to receiver , now there is an incentive for hackers , to spam them

Not sure if its a good idea, Email servers get hacked daily, If you’re auto-sending payment to receiver , now there is an incentive for hackers , to spam themselves with your inbox and you pay out of your wallet for that. Now, yes one could say, that’s no problem just have a multi-wallet approval method , so unless the second one approves, it wont. But now that makes it a bit more complex, especially for newsletters where multiple recipients can be there. Also, i just think overall Paying to send emails is lame... It sounds all cool and dandy, until it isn’t.. Getting spammed with newsletters from a writer ? Unsubscribe (and if they still continue , mark as spam) Having to pay to send newsletters, now just adds an extra step for new newsletter authors to fight against fraud , and constantly calculate if its worth it to send emails to a person, and when they’ll stop sending because of that. Pretty sure the receiver, wouldn’t be that much happy. Nice idea though, Who knows, a refined version of it might make sense.

csomar 5y ago
The money (probably crypto dust) should be burned instead of sent to the receiver. There should be just a proof of payment (or proof of burn). Could also be replaced with a proof of work for some hashing that the computer do.
daniel-cussen 5y ago
Well in the mail you have to pay for the stamp. It's about a dollar. You could charge 10 cents...in fact, that's not a bad idea for a cryptocurrency.
- thinkmassive 5y ago
  This was one of the original motivations to develop technologies that made cryptocurrency possible. Adam Back released the first proof-of-work implementation, Hashcash, in 1997 as a denial-of-service countermeasure.
- b112 5y ago
  To be fair, if you bulk send via mail, you pay a very small fraction of normal postage. A very small fraction. 4th class mail, sent to the occupant of every house, is very very cheap. Really, the cost of adwork, logos, placement, 4 colour print is more expensive than post.
- etothepii 5y ago
  Because the existing crypto currencies support 10c transactions if they grow to any kind of audience!
burnished 5y ago
A sibling comment thread makes the observation that proof of work with variable volumes of work set for different groups could be a good system. Like setting the work needed for your newsletter to 0, and complete unknowns take two minutes of CPU time, that sort of thing.

csomar 5y ago

The money (probably crypto dust) should be burned instead of sent to the receiver. There should be just a proof of payment (or proof of burn). Could also be replaced with a proof of work for some hashing that the computer do.

daniel-cussen 5y ago

Well in the mail you have to pay for the stamp. It's about a dollar. You could charge 10 cents...in fact, that's not a bad idea for a cryptocurrency.

thinkmassive 5y ago
This was one of the original motivations to develop technologies that made cryptocurrency possible. Adam Back released the first proof-of-work implementation, Hashcash, in 1997 as a denial-of-service countermeasure.
b112 5y ago
To be fair, if you bulk send via mail, you pay a very small fraction of normal postage. A very small fraction. 4th class mail, sent to the occupant of every house, is very very cheap. Really, the cost of adwork, logos, placement, 4 colour print is more expensive than post.
etothepii 5y ago
Because the existing crypto currencies support 10c transactions if they grow to any kind of audience!

burnished 5y ago

A sibling comment thread makes the observation that proof of work with variable volumes of work set for different groups could be a good system. Like setting the work needed for your newsletter to 0, and complete unknowns take two minutes of CPU time, that sort of thing.