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vlyan an hour ago

and do you happen to know a zero friction payment system that works internationally like the Internet itself does? because I promise you that unless you already have a captive audience, even a minuscule amount of friction to access your service will cost you an overwhelming percentage of organic human visitors.

tarpitt an hour ago | parent | next [-]

Something like Chaum's blind-signature based ecash, or GNU Taler would be ideal in terms of efficiency, but it's still centralized in distribution. Freenet currently uses something like this.

Another option I was thinking of would be a pretty inflationary (or demurrage) cryptocurrency in which you have some sort of RandomX or other CPU-bound PoW. A web server could act as a mining pool and use mining shares interchangibly with micropayments.

You could do this mining-share method with Monero right now, it's just that you have higher transaction size in Monero and no real analogue to Bitcoin's LN-based microtransactions. Also you would want the cryptocurrency to be more inflationary (or demurrage-based) to promote usage.

Monero's FCMP++ lays some groundwork for payment channels, but it still lacks the nessisary timelocks. Also there was DLSAG which could have enabled payment channels I think, but it's no longer relevant. I also insist that you would need to change the tokenomics to favor greater inflation (maybe you could make coinbase scale linearly with hashrate?), otherwise the miner reward would be economicially insufficient.

littlecranky67 44 minutes ago | parent [-]

Lightning - a fast, instant, bitcoin layer 2 network - is perfectly sufficient for micropayments. Volatility is a no-issue in this case, as you can freely trade the 5 cents in realtime into other assets and minimize holding time of BTC. You will loose the spread, ofc.

port11 an hour ago | parent | prev [-]

Friction-free is a big ask. Brave tried something a while back with their Brave Payments, but of course no one trusts them and it’s not going anywhere.