17 Dec
2003
17 Dec
'03
11:17 p.m.
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.