Crypto folks are starting to sell me on the semantic 'smart wallet', instead of the prior term 'active account'.
How do wallet consortia clear internally and manage their blockchain fees? They agree to a fair, zero sum congestion fee among themselves. They are managing an agreement to clear all back to the blockchain after time or count. Time and count slightly adjusted to keep their calls to blockchain within the acceptable fee bound.
Wallets who have agreed, can and will step out of bounds. The shared protocol uses neutral congestion fees that can subsidize the wallets. The fee schedule is short, simple, easily understood. The agents have already self selected to be in the group, they have little at risk. This is escrow routing, not an open pit.
The fees generally fixed, the wallet is really just marching through a turing complete protocol, and comes to an ending with a blockchain clearing call. At that point, a finger print from the agent restarts.
How do we get general spending?
All the various wallet consortia will clear mostly near par, if their blockchain fes/market value is stable. At that point, each if the consortia can consider any other consortia equally safe. We will find it fairly easily for bonded companies to accept remits from any agent and remit that back to the originating consortia, with a small insurance fee.
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