L402: The Missing Piece in the Internet's Payment Infrastructure
1–10 of 146 posts
Re: L402: The Missing Piece in the Internet's Payment Infrastructure
#2Can anyone tell me why this is any better than just logging in? This seems like its solving a problem that doesnt exist.
Re: L402: The Missing Piece in the Internet's Payment Infrastructure
#3Can anyone tell me why this is any better than just logging in? This seems like its solving a problem that doesnt exist.
Because it's "perfect for AI applications"! :)
Re: L402: The Missing Piece in the Internet's Payment Infrastructure
#4Can anyone tell me why this is any better than just logging in? This seems like its solving a problem that doesnt exist.
is it an alternative?
Re: L402: The Missing Piece in the Internet's Payment Infrastructure
#5I'm not seeing anything in the protocol that stops the first human from paying for the resource and then sharing their macaroon+preimage with everyone else. Normally, I'd account for that by associating the preimage with a specific human (account) but this seems to be intended for use without accounts?
Re: L402: The Missing Piece in the Internet's Payment Infrastructure
#6Can anyone tell me why this is any better than just logging in? This seems like its solving a problem that doesnt exist.
Different problem?
Having created a micropayment network, you quickly discover that infrastructure does not exist where you want to use it. Web APIs are kind of the obvious use case, but because there was no micropayment system they trended to an account and batch payment method by necessity.
This aims to fill that infrastructure gap. Of course, there's a huge chicken-and-egg bootstrap problem, but you have to start somewhere!
Re: L402: The Missing Piece in the Internet's Payment Infrastructure
#7Lightning network is mostly dead. Someone should do this but for the thriving L2 ETH ecosystem.
Re: L402: The Missing Piece in the Internet's Payment Infrastructure
#8I'm not seeing anything in the protocol that stops the first human from paying for the resource and then sharing their macaroon+preimage with everyone else. Normally, I'd account for that by associating the preimage with a specific human (account) but this seems to be intended for use without accounts?
Presumably the macaroon itself contains a shortish timeout.
You can rate-limit (runes do this, which are simplified macaroons) but then the server is no longer stateless. Pretty sure I've ranted about this in HN comments before, could dig it out if you're interested?
Re: L402: The Missing Piece in the Internet's Payment Infrastructure
#9Lightning network is mostly dead. Someone should do this but for the thriving L2 ETH ecosystem.
This does not seem accurate, but perhaps I'm too close to see it? Do you have a source for this?
Re: L402: The Missing Piece in the Internet's Payment Infrastructure
#10TLDR: This is a pitch for using Bitcoin