Does Anyone Really Need MicroPayments?

  • Nicko van Someren
  • Andrew Odlyzko
  • Ron Rivest
  • Tim Jones
  • Duncan Goldie-Scot
Conference paper

DOI: 10.1007/978-3-540-45126-6_5

Part of the Lecture Notes in Computer Science book series (LNCS, volume 2742)
Cite this paper as:
van Someren N., Odlyzko A., Rivest R., Jones T., Goldie-Scot D. (2003) Does Anyone Really Need MicroPayments?. In: Wright R.N. (eds) Financial Cryptography. FC 2003. Lecture Notes in Computer Science, vol 2742. Springer, Berlin, Heidelberg

Abstract

Many cryptographers have tried to develop special technology for transferring tiny amounts of value; the theory being that the computational and/or administrative costs of other payment schemes render them unsuitable for small value transactions. In this panel we discussed two major questions: firstly are the existing systems really not useful for small values and secondly might other models such as flat rate or subscription systems be more suitable anyway, and be possible without the need for small payments?

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Copyright information

© Springer-Verlag Berlin Heidelberg 2003

Authors and Affiliations

  • Nicko van Someren
    • 1
  • Andrew Odlyzko
    • 2
  • Ron Rivest
    • 3
  • Tim Jones
    • 4
  • Duncan Goldie-Scot
    • 5
  1. 1.CTO, nCipher Plc.USA
  2. 2.University of MinnesotaUSA
  3. 3.Founder, PepperCoin Inc.USA
  4. 4.Founder, Mondex Plc.USA
  5. 5.Editor, E-Finance MagazineUSA

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