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General Discussion / Re: Micropayment channel with bitUSD
« on: June 03, 2015, 12:42:03 pm »
I agree this is a great idea. People can always spam the network with invalid transactions with or without this, but they shouldn't be propagated, and the sender should be disconnected when this happens.
I don't think we need "valid_from" for this, just transaction expiration. After funding the multisig, the parties just need to keep updating signed settling transactions shared between them. If the previous settling transaction is about to expire and you don't have a new one yet, broadcast the last one.
Micropayment channels like this are also perfect for mesh networking.
I don't think we need "valid_from" for this, just transaction expiration. After funding the multisig, the parties just need to keep updating signed settling transactions shared between them. If the previous settling transaction is about to expire and you don't have a new one yet, broadcast the last one.
Micropayment channels like this are also perfect for mesh networking.