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770 points ananddtyagi | 3 comments | | HN request time: 0.001s | source
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moneywaters ◴[] No.44487086[source]
I’ve been toying with a concept inspired by Apple’s Find My network: Imagine a decentralized, delay-tolerant messaging system where messages hop device-to-device (e.g., via Bluetooth, UWB, Wi-Fi Direct), similar to how “Find My” relays location via nearby iPhones.

Now add a twist: • Senders pay a small fee to send a message. • Relaying devices earn a micro-payment (could be tokens, sats, etc.) for carrying the message one hop further. • End-to-end encrypted, fully decentralized, optionally anonymous.

Basically, a “postal network” built on people’s phones, without needing a traditional internet connection. Works best in areas with patchy or no internet, or under censorship.

Obvious challenges: • Latency and reliability (it’s not real-time). • Abuse/spam prevention. • Power consumption and user opt-in. • Viable incentive structures.

What do you think? Is this viable? Any real-world use cases where this might be actually useful — or is it just a neat academic toy?

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akrymski ◴[] No.44488911[source]
I've been toying with a concept for a cryptocurrency that works without internet access (like physical money) - peer to peer credit. I believe it is the only real use case for this technology.
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1. djrj477dhsnv ◴[] No.44495963[source]
How do you solve double spending?
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2. akrymski ◴[] No.44499600[source]
You don't really need to. In IOU systems you extend credit to someone you know, based on ones reputation or credit score. How back in the day your local milk man would just keep a tab of what you owe.

In a way everyone has something to barter: you owe the milk man, your employer owes you. Identities form a web of trust in the physical world.

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3. djrj477dhsnv ◴[] No.44517037[source]
But how would you eventually reconcile and settle balances?

Would all payments be just non-fungible bilateral agreements? So if I paid the milkman for some milk, but there was no good or service I could later provide to him, he would be unable to take my payment to the butcher to buy some meat (unless the butcher was also willing to enter into a new bilateral agreement with me)?