Yeah, the simple things pop out, often after years of hard study. I realized that Bitcoin was no different than the reserve settlement systems, other than nobody is in charge. Lightning is like the depository systems that hold collateral, like overnight loans.
And ecash is just like regular cash - a transferable credit note.
In the earlier private banking systems ‘cash’ had numerous private issuers. It worked (still works) really well, until,someone got the bright idea we needed central banks.
Tim Bouma
npub1q6…nx7d5
2024-11-06 15:02:35
in reply to nevent1q…92ve
Author Public Key
npub1q6mcr8tlr3l4gus3sfnw6772s7zae6hqncmw5wj27ejud5wcxf7q0nx7d5Published at
2024-11-06 15:02:35Event JSON
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