[HN Gopher] L402: The Missing Piece in the Internet's Payment In...
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       L402: The Missing Piece in the Internet's Payment Infrastructure
        
       Author : janandonly
       Score  : 9 points
       Date   : 2024-07-15 21:49 UTC (1 hours ago)
        
 (HTM) web link (l402.org)
 (TXT) w3m dump (l402.org)
        
       | byteknight wrote:
       | Can anyone tell me why this is any better than just logging in?
       | This seems like its solving a problem that doesnt exist.
        
         | actionfromafar wrote:
         | Because it's "perfect for AI applications"! :)
        
         | mito88 wrote:
         | is it an alternative?
        
         | RustyRussell wrote:
         | 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!
        
       | mdouglass wrote:
       | I'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?
        
         | RustyRussell wrote:
         | 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?
        
       | dinobones wrote:
       | Lightning network is mostly dead. Someone should do this but for
       | the thriving L2 ETH ecosystem.
        
         | RustyRussell wrote:
         | This does not seem accurate, but perhaps I'm too close to see
         | it? Do you have a source for this?
        
       | jrflowers wrote:
       | TLDR: This is a pitch for using Bitcoin
        
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       (page generated 2024-07-15 23:00 UTC)