So, something maybe-fascinating to people is that Rivest--who designed this scheme--helped start a company to use it on the web to pay for things like news articles and generally replace ads. It was called Peppercoin, and was sufficiently before its time that not only did it fail (well, in the usual YC-sense: it got acquired by something boring and failed to change the world) but a lot of the people working on this technology today have never heard of it ;P.
Here are a million references I have in a note I was collecting back in December on the rise and fall of Peppercoin (which I intended to show to my team at Orchid--where we are trying to apply this technology to a decentralized market for bandwidth and other Internet services: see orchid.com--and then honestly never have as I have been busy; and I considered that, maybe even "best case", this was likely to be a distraction to them as much as it was to me ;P).
https://news.ycombinator.com/item?id=15700718
So, something maybe-fascinating to people is that Rivest--who designed this scheme--helped start a company to use it on the web to pay for things like news articles and generally replace ads. It was called Peppercoin, and was sufficiently before its time that not only did it fail (well, in the usual YC-sense: it got acquired by something boring and failed to change the world) but a lot of the people working on this technology today have never heard of it ;P.
Here are a million references I have in a note I was collecting back in December on the rise and fall of Peppercoin (which I intended to show to my team at Orchid--where we are trying to apply this technology to a decentralized market for bandwidth and other Internet services: see orchid.com--and then honestly never have as I have been busy; and I considered that, maybe even "best case", this was likely to be a distraction to them as much as it was to me ;P).
background
https://news.ycombinator.com/item?id=989020
https://news.ycombinator.com/item?id=15272944
https://news.ycombinator.com/item?id=9837380
https://news.ycombinator.com/item?id=17533350
papers
https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.44...
https://people.csail.mit.edu/rivest/pubs/Riv97b.pdf
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.5.1...
https://people.csail.mit.edu/rivest/pubs/Riv04c.slides.slide...
wikis
https://en.m.wikipedia.org/wiki/Peppercoin
https://en.bitcoinwiki.org/wiki/Peppercoin
https://ebrary.net/88179/business_finance/micropayments
funding
http://web.archive.org/web/20031002123349/http://www.paidcon...
https://www.buyoutsinsider.com/peppercoin-banks-on-4-3m-in-c...
http://www.econtentmag.com/Articles/News/News-Item/Peppercoi...
https://www.wsj.com/articles/SB112430543406915783
launch
https://bizwest.com/2003/10/31/peppercoin-solves-download-pa...
https://www.technologyreview.com/2003/12/01/233570/the-webs-...
https://www.nytimes.com/2004/01/07/technology/circuits/a-vir...
https://nextbillion.net/cashless-transactions-at-the-bop-pep...
"2.0"
https://www.finextra.com/pressarticle/1492/peppercoin-releas...
2004-2005
https://www.digitaltransactions.net/peppercoin-scores-anothe...
https://www.digitaltransactions.net/moneris-signs-up-pepperc...
https://www.bizjournals.com/boston/blog/mass-high-tech/2005/...
https://thepaypers.com/payments-general/peppercoin-small-pay...
banking
https://www.businesswire.com/news/home/20050112005057/en/Pep...
https://thepaypers.com/payments-general/chase-merchant-servi...
mastercard
https://www.finextra.com/newsarticle/14621/peppercoin-and-ma...
https://www.cbronline.com/news/mastercard_and_peppercoin_to_...
https://www.insidearm.com/news/00025887-mastercard-supports-...
https://www.networkworld.com/article/2316448/mastercard-team...
https://www.pressreader.com/usa/san-francisco-chronicle/2005...
"3.0"
https://www.digitaltransactions.net/is-peppercoin-eyeing-opp...
https://www.digitaltransactions.net/peppercoin-3-0-debuts-wi...
operations
https://www.digitalcommerce360.com/2006/04/24/charles-casert...
https://www.securetechalliance.org/secure/events/20061003/T0...
2006-2007
https://www.bizjournals.com/boston/stories/2006/07/24/story1...
https://www.insidearm.com/news/00015050-suntrust-merchant-se...
https://www.allwirelessnews.com/features/heartland-payment-s...
acquirement
https://www.americanbanker.com/news/peppercoin-sold-to-orego...
https://www.businesswire.com/news/home/20070416005392/en/Cho...
https://mashable.com/2007/04/17/peppercoin/
postmortem
https://www.techdirt.com/articles/20070417/012124.shtml