Looks fun, I'll place some sats this weekend

The number of people I've met who say something like "what do you think of <random_shitcoin> it's only $0.34, bitcoin is too expensive"

I think those steel pans with the copper/aluminium core heat up quicker. I think last time I researched, all clad was suggested. I use non stick for things like eggs and cast iron for steaks.

Ah thanks for the answers, really interesting! Keep up the good work @ek @k00b

Ah right so you need to verify the payment as that's probably used for ranking content?

How does that work when sender and receiver have connected their lightning wallets? I guess you decode the invoice but how do you know they payment was made?

Mmm although the difference is you need to trust the mint not to rug you

Yep that's what I was thinking. Sender encrypts bearer ecash with receivers pub key. Stacker news stores that encrypted blob. No custody issues for you as you can't get the money.

Yep, the tradeoff is you have to trust the sender/zapper not to double spend that ecash. Think that's ok in the zapping situation.

Ah maybe I'm miss understanding how stuff works. In regards to #752528 . If I connect an ecash wallet and zap someone who doesn't have a wallet connected, I'm assuming that becomes cowboy credits?

Ah I meant using ecash instead of cowboy credits to avoid custody legal issues

Although ecash could make sense for use cases like stacker news. Stackers could zap each other ecash non custodially

I get the benefits of ecash but I don't understand how the mints will avoid government intervention. As the mints are central points, won't governments force them to track users? Will government approved mints only allow you to transfer to other approved mints.

Finally, most users don't care about privacy(I hope I'm wrong) and will not care if the mint tracks them or not

With lightning, it's P2P and nodes who forward payments don't hold custody of funds.

Congrats! Get a change table, your back will thank me

Bitcoin core qt now uses descriptor wallets. If you've just backed up a private key it's hard to import it. You need to create a legacy wallet and migrate it.

Thanks, thats really helpful!

Thanks for replying, so in your opinion would a lightning faucet count as a money transmitter? So user A adds a reward and some user claims it.

@koob just curious why reward sats for territory owners are not cowboy credits? Aren't you in custody of territory owner's money and therefore hitting the money transmitter issues?

Why not? Imagine a country with 100 people, 50 are land owners. Each year they pay 10,000 in land tax. That's 500,000 in the communal pot and a UBI of 5,000 for everyone.

Taxing land/property. Some kind of Georgism tax combined with UBI and a min government. No one starves, there's police/army and someone fixes the potholes :D

Ah okay, thanks for the explanation 😊

Awesome write up! How does double spending work? If I have a token, what stops me from giving it to two people?