So I hear I am an ecash hater?
To be clear, I love ecash, it has great applications, such as paid API calls like in Wasabi. The worlds soft currencies will be ecash, built on Bitcoin stack.
There is however an issue when 90% bitcoiners think ecash is noncustodial, pegged, see it as a "scaling" solution.
* There are no proof of reserve proposals that make sense, mints can always brr.
* Ecash is not a scaling solution, it's a custodial solution.
* You are giving someone your bitcoin, and they are giving you a thing they claim is bitcoin.
* Mint operators should be aware of the legal risks.
Ben Arc
npub1c8…n8avm
2024-04-19 08:22:45
Author Public Key
npub1c878wu04lfqcl5avfy3p5x83ndpvedaxv0dg7pxthakq3jqdyzcs2n8avmPublished at
2024-04-19 08:22:45Event JSON
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"content": "So I hear I am an ecash hater?\nTo be clear, I love ecash, it has great applications, such as paid API calls like in Wasabi. The worlds soft currencies will be ecash, built on Bitcoin stack.\nThere is however an issue when 90% bitcoiners think ecash is noncustodial, pegged, see it as a \"scaling\" solution.\n* There are no proof of reserve proposals that make sense, mints can always brr.\n* Ecash is not a scaling solution, it's a custodial solution.\n* You are giving someone your bitcoin, and they are giving you a thing they claim is bitcoin.\n* Mint operators should be aware of the legal risks.",
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