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42 sats \ 4 replies \ @BlueSlime OP 11 Feb \ parent \ on: Ecash is just digital fiat. Change my mind bitcoin
You can at least audit a lightning channel.
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162 sats \ 3 replies \ @DarthCoin 11 Feb
We don't have to compare LN with ecash. Are totally different things. Yes, ecash works over LN and depend on LN to "travel" or being redeemed. But ecash will NEVER replace LN. People should stop considering ecash (cashu or fedishit) as "replacement" of LN. That is idiocy. Ecash is simply digital gift cards.
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302 sats \ 2 replies \ @BlueSlime OP 12 Feb
yeah I don't really have anything against ecash. the cryptography is cool and anyone can make a mint.
but it is fiat incarnate and the propaganda to dupe people is already circulating
also the tech is a dead-end for freedom money and a cop-out for dealing with current challenges. I don't like it when good engineers give up on going to the moon and decide to build a tower of babel instead.
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110 sats \ 0 replies \ @cascdr 12 Feb
Captures my sentiment exactly.
To quote JFK: We do these things because they are hard.
Ecash seems like a band aid at best with possible serious negative ramifications for rug pulls/earning trust. We have enough problems in those areas.
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100 sats \ 0 replies \ @DarthCoin 12 Feb
the propaganda to dupe people is already circulating
yes that is concerning....
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