What we really need is a trustless peg that works only with Bitcoin script. But this will require a soft-fork.
Ecash is custodial and important to understand that some custodian arrangements are better than others. Federations distribute the trust, which is better than a single custodian, but not nearly as good as decentralization with self-custody.
Jedai
npub1le…fp3p9
2024-04-19 08:27:58
in reply to nevent1q…gejv
Author Public Key
npub1lessf553w3kmqye02jt5um2rx88dsm6rlsq2wh6e9swjpcwj9wxqnfp3p9Published at
2024-04-19 08:27:58Event JSON
{
"id": "ed2db0b7bf12c375fca5802bfd8a91f22fc29dc9e2335082542bdcbf46d2c027",
"pubkey": "fe6104d291746db0132f54974e6d4331ced86f43fc00a75f592c1d20e1d22b8c",
"created_at": 1713515278,
"kind": 1,
"tags": [
[
"e",
"c2fe486097fb72a49081baba7b53c3cffa886e9e0117462b9c31f2e79f09c1e7",
"wss://bitcoiner.social/",
"root"
],
[
"p",
"c1fc7771f5fa418fd3ac49221a18f19b42ccb7a663da8f04cbbf6c08c80d20b1"
]
],
"content": "What we really need is a trustless peg that works only with Bitcoin script. But this will require a soft-fork.\n\nEcash is custodial and important to understand that some custodian arrangements are better than others. Federations distribute the trust, which is better than a single custodian, but not nearly as good as decentralization with self-custody.\n\n",
"sig": "138b0068923cba1e63edbd83ee5d6826776c70b69133e5414571fd96add05bc28acca458d218dd04d8b70ab96669eaae367974e4295486af37c91483ce491a5e"
}