ponymontana💜⚡ on Nostr: this ...

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ecash is not in competition with bitcoin, its enabled by bitcoin and lighting network to express its better form.
Is a tool, it doesnt scam (makes clear what are the risks and what are the porpouse, unlike monero) and it is a layer of standardized low barrier custodians possibility.
Ecash is a competitor of wallet of satoshi or netflix for example, all the custodians (not only monetary) that uses a ID-databases to offer their services.
It permit perfect privacy to user. Market competition (low barried, so much competition) will select trusty custodians (maybe someone who offer better proof of reserve). Rug pulls will definitevely happes, like for every custodian-based system.
It is opt-in; if you need it you can search for someone to trust that offer you this service and use it, managing the risks. Nothing more.
I'm happy for this possibility and use this service being conscius of the risks.