Patient following of links resolves the mystery I'm sure everyone is asking:
The ‘1€’ name is an homage to the $1 recognizer [10]: we believe
that the 1€ filter can make filtering input signals simpler and
better, much like the $1 recognizer did for gestures
But now I gotta know why it's called the $1 recognizer! One question solved, another opened.
Edit:
> It's because the algorithm is easy to implement and efficient in terms of compute usage to match a gesture. It's a "cheap and easy" recognizer, a $1 recognizer.