Modern peer-to-peer payments have improved accessibility, yet settlement enforcement still depends heavily on centralized systems. Custodial escrow and manual arbitration introduce operational risk and complexity. blip money proposes a protocol-level alternative by enforcing settlement directly on-chain without custody.
blip money is built as settlement infrastructure. It does not manage accounts, hold funds, or make discretionary decisions. Instead, it defines deterministic rules that govern transaction execution once funds are deposited.
Protocol-Controlled Escrow
Settlement is secured through non-custodial escrow:
• Funds are deposited into smart contract escrow accounts
• Escrow accounts have no private keys
• Fund movement is restricted to protocol-defined states
This ensures predictable and auditable settlement behavior.
***Merchant Accountability Framework*
Merchants participate as bonded actors:
• A bond must be staked before accepting transactions
• Bond size limits transaction exposure
• Protocol penalties apply automatically on failure
This enforces accountability through economic incentives.
Immutable Reputation System
Reputation is embedded into protocol logic:
• Settlement outcomes update reputation automatically
• Reputation cannot be altered or reset
• Reliable merchants gain long-term advantages
Reputation becomes an integral part of settlement enforcement.
Market-Based Fee Discovery
Fees are not fixed by the protocol:
• Merchants compete by submitting bids
• Pricing reflects real market efficiency
• Second-price logic discourages manipulation
Designed for Integration
blip money separates enforcement from applications:
• The protocol remains neutral and permissionless
• Frontends handle compliance and UX
• Core settlement logic remains unchanged
By combining non-custodial escrow, economic enforcement, and transparent reputation, blip money provides a scalable foundation for modern P2P settlement infrastructure.
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