I want to work on a micro payment system like this but for email. The email is encrypted but not for privacy, for "proof of readability", the key is somehow decrypted off the blockchain only after, say, $0.05 is sent to the recipient. That starts a time delay that auto refunds the micro payment UNLESS spam button is pressed on the client. Then the nickel is claimed. People mailing back and forth will do so for free, because clicking reply will refund the nickel. In theory recipients could set their own price to talk to them. Coins would be real and absolutely redeemable for USD or other coin. To be clear, email content is NOT on the blockchain.
Few problems:
- have to pay upfront to send messages.
- might have problems with liquidity finding traders to redeem with
- Major mail providers such as Gmail may block forwarded encrypted content "for security"
- would require add-on client to decrypt
- people are sick of hearing about shit coins
- need very low gas fee shitcoin
- if shitcoin server goes down, email goes down
I suppose you could do this in a cashless way and just request tokens from a miner. And if you ask for too many, too fast, you get denied or have to pay the miner. The idea would be to distribute them sparsely among people who don't send many messages. Maybe the shitcoin could somehow enforce not holding too many send tokens.
I like this and would pay for such a system. It doesn’t need to use blockchain though, a normal escrow system would work. Everyone who signs up puts a dollar in escrow. If you send an email to your contact it’s free. If you send outside your contacts it costs a penny, but the recipient can return the penny to you if they want.
This makes it prohibitively expensive to send low value email, free to send high value email, and slightly expensive to send “probably valuable” email.
Few problems:
- have to pay upfront to send messages. - might have problems with liquidity finding traders to redeem with - Major mail providers such as Gmail may block forwarded encrypted content "for security" - would require add-on client to decrypt - people are sick of hearing about shit coins - need very low gas fee shitcoin - if shitcoin server goes down, email goes down
I suppose you could do this in a cashless way and just request tokens from a miner. And if you ask for too many, too fast, you get denied or have to pay the miner. The idea would be to distribute them sparsely among people who don't send many messages. Maybe the shitcoin could somehow enforce not holding too many send tokens.