Why Nostr? What is Njump?
2024-12-16 11:47:39
in reply to

Cykros on Nostr: You hold the ecash itself, but the ecash is redeemable for bitcoin, which is ...

You hold the ecash itself, but the ecash is redeemable for bitcoin, which is ultimately held by the mint. It's best to think of it as a bank note system, and as such, custodial, given that the bank not only has value due to being redeemable for sats, and if the mint disappears, it becomes worthless.
Author Public Key
npub1lcetwt8hcd9gagdytu4e35ufykxek0elfvx8q3spugmgj9x0ev0q363apw