Abstract
The bound states of two spin-12 particles in strongly coupled quantum electrodynamics are examined using a local quasipotential equation recently proposed by Todorov. Because of repulsive recoil effects displayed by the spatial part of the vector potential, complex energies do not appear for large α as with the static-limit equations, and very deep binding is obtained for α sufficiently large. No cutofs or charge distributions need to be introduced to obtain this result. The generalized S01 positronium system examined here appears to be confined to a thin spherical shell in this deep-binding limit.