You've got a point, the market for very very low priced items is hard for the consumer where there's enourmous choice between an array of similar looking items - a hard choice between, and a long time to search among "equivalents".
Marketing very low cost things has a way to go..
The second part of the problem - sight unseen is a problem for internet commerce generally, it's a fullfillment problem with large as well as small purchases.
But, for a micropayment purchase, the risk for the consumer though is less - it might be only be 50c, so only this amount is lost if the goods are rubbish (assuming payment system isn't subject to fraud).
You've got it now... It's the merchant who gets payment based on the probability algorithm, the consumer just pays an account to Peppercoin at time (or dollar?) intervals.
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You've got a point, the market for very very low priced items is hard for the consumer where there's enourmous choice between an array of similar looking items - a hard choice between, and a long time to search among "equivalents". Marketing very low cost things has a way to go..
The second part of the problem - sight unseen is a problem for internet commerce generally, it's a fullfillment problem with large as well as small purchases. But, for a micropayment purchase, the risk for the consumer though is less - it might be only be 50c, so only this amount is lost if the goods are rubbish (assuming payment system isn't subject to fraud).
You've got it now... It's the merchant who gets payment based on the probability algorithm, the consumer just pays an account to Peppercoin at time (or dollar?) intervals.