0 sats \ 2 replies \ @crrdlx OP 13 May \ parent \ on: Thinking through Cashu bitcoin
Did not know this, thanks for the info. My first thoughts: (1) there's a tradeoff for everything (TINSTAAFL) and (2) I'm okay with services that add value making a profit. It's best if things are up front and clear though (as you suggest they're not right now).
(2) I'm okay with services that add value making a profit.
At the current time, proponents of eCash are somehow thinking very altruistically and they sort think people are going to run mints for free for friends / family. I'm doubtful if it works out like that.
Regardless, the simple way to protect yourself from debasement is to "dip in / dip out" of eCash....that is don't hold it for more than a few days....it should just be a "transactional currency" and not something you hold. This way any secret debasement will not affect you during that short period.
reply
Yes. Cashu the “Monero killer”.
reply