118 sats \ 3 replies \ @cascdr 13 May \ parent \ on: Thinking through Cashu bitcoin
I'd argue eCash beats the Bitcoin Bank/CEX in some ways.
If some anon eCash person rugs you, wtf you gonna do?
At least there is the Proof of Violence algorithm the legal system can impose on Bitcoin Banks if they piss enough people off. I don't know if we've seen a big eCash rug yet but if we did I bet you the person doing it would have the sense to stay anon.
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32 sats \ 0 replies \ @freetx 13 May
Yes, the "anonymous mint" aspect of eCash is both its strength and weakness.
This is also whats behind the series of reasoning that I think bolsters Liquid:
  • Individual mints can rug you
  • Therefore Fedimints are better, since you can distribute power and judge reputations
  • Liquid is already an existing Federation of known pro-Bitcoin companies that has been operating for 6 years without any claims of censorship / rugging.
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100 sats \ 1 reply \ @030a29f333 13 May
If some anon eCash person rugs you, wtf you gonna do?
Precisely why Cashu is for small amounts
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500 sats \ 0 replies \ @anon 14 May
I keep ~500,000sats in cashu, because I can afford to lose that. And me keeping that amount helps make an anonymity pool for all cashu users, as funds they spend could have come from the sats I keep deposited.
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