(no title)
madars
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10 days ago
eCash is an answer to "can you move value privately?" (yes, with concessions). Radius is solving "can you execute a million conditional state transitions per second at sub-penny costs?" Blind signatures are still just value transfers and offer no expressivity. If your agent wants DvP with conditional logic, or trustless escrow that releases on programmatic conditions, Chaumian eCash doesn't help. LN gets you close to some forms of atomic exchange, but close-to-atomic isn't atomic, and neither gives you composability. You can move balances, but you can't orchestrate multi-step workflows that can't unwind in the middle.
fruitworks|10 days ago
I have actually written up some ideas for a system based on something like this that I called "chaumian coupons", but I would have to go through my notes to find it.
madars|10 days ago
That said, the most important loss is composability: an agent can't take your Chaumian coupon escrow and snap it together with someone else's DvP protocol and a third party's rate-limiting wallet in a single atomic transaction. The power of a shared execution environment is that these interaction patterns don't need to be anticipated and designed around in advance. Agents aren't going to negotiate which custom protocol to use for every interaction (the necessary protocol might not even exist!), they will use shared infrastructure where composability of various primitives is the effortless default.