Like coin exchanges, what are they? Humongous hot wallets, they have accounts in the all the ledgers. They can easily sell short chain services to groups wanting quick cash exchanges. So, the merchant group buys a block of time and count in the hot wallet. The exchange provides a twitter address for the short chain, time and count rules enforced. It is no different then selling ad bandwidth on web searches, no different than running a URL service. But the network itself is not carrying risk, external ledgers are reset to balance in a guarantee. Registered users of short chain cash have to run standard miner code at the assigned address using the proven API. They carry their own scofflaw risk.
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