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Ron Rivest Suggests Probability-Based Micropayments

Posted by timothy on from the for-large-values-of-maybe dept.

Karl J. Smith writes "Rivest has solved the micropayments problem with encryption and statistics. You throw away some transactions so that you don't have to pay bank fees, and process the rest. Hiawatha Bray has written an article and Rivest's new company is PepperCoin."

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