I'm not sure I understand the benefits all that much.
I feel like ecash was a beautiful upgrade for fiat rails in a digital world, which failed before Bitcoin because of the permissions nature of that crapshoot.
But Bitcoin is already a natively digital programable bearer asset. The permissionless nature of it makes ecash an inevitable reality, but the improvements are lost on a money that can already do the things ecash promised to enable fiat to do.
Much MUCH smarter people than I have come to a different conclusion and seem to think ecash is an incredibly useful and worthwhile technology that we should definitely be implementing on Bitcoin, so I honestly feel like I'm missing something here, just haven't been able to nail it down.
Why do you see ecash on top of lightning as an improvement? What does it solve for you that lightning didn't already solve? Maybe I'm not seeing enough of the picture to even be able to phrase that question properly or to even know what to ask here but I'm very curious why you're so keen on ecash.
And to be clear, I don't NOT like it haha I just don't quite understand the hype
SqNr65
npub1fj…ecyd4
2024-01-22 07:54:29
in reply to nevent1q…zgsx
Author Public Key
npub1fj9uzy0zywqt4dfxsmw5dr3u9eah4nvecr7xwjtqqf5zuttslz3qeecyd4Published at
2024-01-22 07:54:29Event JSON
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"content": "I'm not sure I understand the benefits all that much.\n\nI feel like ecash was a beautiful upgrade for fiat rails in a digital world, which failed before Bitcoin because of the permissions nature of that crapshoot.\n\nBut Bitcoin is already a natively digital programable bearer asset. The permissionless nature of it makes ecash an inevitable reality, but the improvements are lost on a money that can already do the things ecash promised to enable fiat to do.\n\nMuch MUCH smarter people than I have come to a different conclusion and seem to think ecash is an incredibly useful and worthwhile technology that we should definitely be implementing on Bitcoin, so I honestly feel like I'm missing something here, just haven't been able to nail it down.\n\nWhy do you see ecash on top of lightning as an improvement? What does it solve for you that lightning didn't already solve? Maybe I'm not seeing enough of the picture to even be able to phrase that question properly or to even know what to ask here but I'm very curious why you're so keen on ecash.\n\nAnd to be clear, I don't NOT like it haha I just don't quite understand the hype",
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}