[43227] in Cypherpunks
Re: ecash speed
daemon@ATHENA.MIT.EDU (Scott Brickner)
Fri Nov 10 16:54:05 1995
To: cypherpunks@toad.com
In-Reply-To: (Your message of Wed, 08 Nov 1995 21:08:51 PST.)
<199511090508.VAA05884@jobe.shell.portal.com>
Date: Fri, 10 Nov 1995 15:45:32 -0600
From: Scott Brickner <sjb@universe.digex.net>
Hal writes:
>This all has to happen whenever you click on a link in your browser.
>Even with fast CPU's I think the extra step of connecting to the bank,
>having it check against all coins, and getting approval will be
>considerable for each link traversal.
A system like Stephen Brands' should significantly improve the
situation. There's no benefit in double-spending micropayments since
you'll be identified after the fact. For small enough payments, you
can skip the on-line validation and handle them in batch-mode later.
It becomes a matter of risk management, then.
