121 sats \ 5 replies \ @pillar 11 Feb \ on: Ecash is just digital fiat. Change my mind bitcoin
Ecash custodians are better than regular custodians.
You are missing the point. No decent ecash developer in the bitcoin scene is stating that ecash is non-custodial.
the top post of
/ecash is a claim that ecash is self-custodial.reply
I truly believe federated ecash (fedimint) operates more like a different network entirely, one that you swap Bitcoin for and you need to self custody that ecash asset. That network is distributed with not a single operator that can unilaterally make decisions in that network.
Not everyone agrees with me, but compared to other technologies and law, this is what I believe.
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I know that you do and you just want to deliver the best freedom wallet experience to your users. You even go out of your way to return funds when others rug themselves on a channel close.
I am just here to respectfully rain on the ecash parade. I don't want it to steal thunder from the lightning network.