Currency is a coupon for money.
Money is a Non-Consumable asset.
They are related but not the same.
When you accept bitcoin for an item, unpon confirmation, that transaction has final settlement.
When you accept lightning for an item, you must then close the Channel, and await confirmation to "Own" that Bitcoin. Then the transaction has final settlement.
That is the difference.
Put another way, if I give you a chicken, you have a chicken.
If I give you a coupon redeemable for a chicken, you do not have a chicken.
JackTheMimic
npub1m5…2glzq
2025-01-26 20:44:33
in reply to nevent1q…tc9y
Author Public Key
npub1m50e65pv09ga73lglrkjgh5tlgj006pv9rce8xdg7rn5kps38gssh2glzqPublished at
2025-01-26 20:44:33Event JSON
{
"id": "2c22f04d21979e90eb12e1edcfc7febf263f2e135970f9d87467707317625709",
"pubkey": "dd1f9d502c7951df47e8f8ed245e8bfa24f7e82c28f19399a8f0e74b06113a21",
"created_at": 1737924273,
"kind": 1,
"tags": [
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[
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"content": "Currency is a coupon for money.\nMoney is a Non-Consumable asset.\nThey are related but not the same. \n\nWhen you accept bitcoin for an item, unpon confirmation, that transaction has final settlement.\n\nWhen you accept lightning for an item, you must then close the Channel, and await confirmation to \"Own\" that Bitcoin. Then the transaction has final settlement.\n\nThat is the difference. \n\nPut another way, if I give you a chicken, you have a chicken.\nIf I give you a coupon redeemable for a chicken, you do not have a chicken.",
"sig": "693a0b3c62c4864b0b83b72e28a0a75558c882041a8cd67a2696a72069d797cd25bf57be6f8e8945f7f91f813fc77b0f688010f213c200e8fb0b3cc055a37a02"
}