Thought experiment:
- Be a completely regulated Ecash custodian
- KYC your customers as hard as you can
- Make them authenticate for every ecash transaction
- Log everything in your database
- Know how many users you have, and what their balance is
With all this, you can still have:
- Instant payments with zero fees
- Offline payments (no internet required for payer)
- Anonymous payers, authenticated receivers
- Programmable ecash (spending conditions)
calle
npub12r…485vg
2024-03-04 11:57:22
Author Public Key
npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vgPublished at
2024-03-04 11:57:22Event JSON
{
"id": "5c856277b5a73a2d80509e10d9dc6c0ac9e43889687a24215bc3863b8e98ac6b",
"pubkey": "50d94fc2d8580c682b071a542f8b1e31a200b0508bab95a33bef0855df281d63",
"created_at": 1709553442,
"kind": 1,
"tags": [],
"content": "Thought experiment: \n\n- Be a completely regulated Ecash custodian\n- KYC your customers as hard as you can\n- Make them authenticate for every ecash transaction\n- Log everything in your database\n- Know how many users you have, and what their balance is\n\nWith all this, you can still have: \n\n- Instant payments with zero fees\n- Offline payments (no internet required for payer)\n- Anonymous payers, authenticated receivers\n- Programmable ecash (spending conditions)",
"sig": "71fdb34966a853c5e13706913afb6da4f7756640b81ad3ee5020c83f436020eb535f0ec311c2681cc8c3717dfdf7bc778394261e9b51772133d472411413268a"
}