I could have been kinder to the big brains at Peppercoin I’m sure but someone had to say it. This week’s Guardian column is about the latest brilliant but doomed micropayments scheme to hit the net ? based on an exotic and genuinely innovative probabilistic approach to settlement that promises to make tiny transactions profitable for merchants by… chucking most of them away. The proposition to merchants is (literally): “trust us. You’ll probably get your money in the end”. I don’t think they’re going to like it ? it has the entire history of innumeracy against it.