Azz on Nostr: You are collating two things 1. Everyone can own their own UTXO 2. Use it for ...
You are collating two things
1. Everyone can own their own UTXO
2. Use it for everyday transactions
1 is important, 2 is not.
Most people should use e-cash for everyday use. A UTXO would be used in a similar fashion to moving money into a high interest term deposit - where you hold the majority of your money but only make a transaction once a month to once every few years, depending how wealthy you are. A lightning channel to the eCash would allow the balance that's held by the custodian to be minimal.
If a transaction fee exceeds the $10 -100 range even this breaks down.
Published at
2024-06-11 10:38:01Event JSON
{
"id": "40f553fc810330b64d3dbbf255b9a53590fd0419022a16d340af7c377e272d08",
"pubkey": "7317f913c3de739e83ab2ddc6700a8f5caf45fac5a02c6a886b55ef9b7e34d41",
"created_at": 1718102281,
"kind": 1,
"tags": [
[
"e",
"c7eafec2f6cf8a6ce4d9a1524a54169f6330b86679c01fc784f8e2fe8f22ef29",
"",
"root"
],
[
"e",
"9ad7625de572449570527cee1fc21c8c031d5af30addacb36ec5913703235df8"
],
[
"e",
"c8a4b842f61a0e3f834abeae463d7a8b179b54a764448338f739df7b7f459817",
"",
"reply"
],
[
"p",
"79d434176b64745d2793cf307f20967e27912994f6e81632de18da3106c2cbb4"
],
[
"p",
"98a386c766ac9250f4ce1b500662fd08e4d464a1915743eedc83bd50521decac"
]
],
"content": "You are collating two things\n1. Everyone can own their own UTXO\n2. Use it for everyday transactions \n\n1 is important, 2 is not. \n\nMost people should use e-cash for everyday use. A UTXO would be used in a similar fashion to moving money into a high interest term deposit - where you hold the majority of your money but only make a transaction once a month to once every few years, depending how wealthy you are. A lightning channel to the eCash would allow the balance that's held by the custodian to be minimal. \n\nIf a transaction fee exceeds the $10 -100 range even this breaks down. ",
"sig": "9b8fbb47c790d35e059cf459187ff5210184be44be62f742c1d74f782df447ae9527af46df524306a620a8f932a898dcf607e8a76842a7a928474bfb98d8ab8e"
}