I don't usually comment, but since I'm trying to do nostr-only content...
Ecash can be helpful or a hindrance. Basically, if the norm becomes closed non-fungible systems, where you cannot get out (think gift cards, arcade tokens) that's a clear lose. Unfortunately running a system like that is great for the person running it.
On the other hand, if the expectation is fungibility: that you can seamlessly lightning out 24x7, and mints which don't do this are widely eschewed, then the promise is great.
I hope for the latter, but fear the former. If the pioneers set the social norms correctly, it might just work though.
Rusty Russell
npub179…elz4s
2024-05-31 23:23:09
in reply to nevent1q…r45n
Author Public Key
npub179e9tp4yqtqx4myp35283fz64gxuzmr6n3yxnktux5pnd5t03eps0elz4sPublished at
2024-05-31 23:23:09Event JSON
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"content": "I don't usually comment, but since I'm trying to do nostr-only content...\n\nEcash can be helpful or a hindrance. Basically, if the norm becomes closed non-fungible systems, where you cannot get out (think gift cards, arcade tokens) that's a clear lose. Unfortunately running a system like that is great for the person running it. \n\nOn the other hand, if the expectation is fungibility: that you can seamlessly lightning out 24x7, and mints which don't do this are widely eschewed, then the promise is great. \n\nI hope for the latter, but fear the former. If the pioneers set the social norms correctly, it might just work though.",
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