Re: [Asrg] About that e-postage draft [POSTAGE]

[John Levine <johnl at taugh.com>]

>Are there any real-world examples of systems where (say) 99% of the
>attempted transactions are fraudulent, yet the system remains viable?

One possible model is the .COM registrar-registry database.  Nearly
all of the registration attempts are domain sniping, attempts to grab
a domain the moment it expires, and nearly all of them fail, either
because the domain isn't free yet or someone grabbed it a millisecond
before.

On the other hand, the failing transactions aren't fraudulent, just
failures.  Every registrar trying to do a transaction is known to the
registry and there's under 1000 of them. A successful transaction is
worth $6 which can support quite a lot of unsuccessful ones.

R's,
John