63 sats \ 7 replies \ @IamSINGLE 10 Jul \ on: Ecash ecosystem map bitcoin

TBH, I'm quite young with Bitcoin. I'm still learning basics about Bitcoin. When I see anything like cashu/Fedimints, this makes it really very difficult. I'm kinda confused..

Is Bitcoin not enough to succeed as sound money? Why do we need alternates?

230 sats \ 0 replies \ @Scoresby OP 10 Jul

Think about it this way: bitcoin is censorship resistant, fixed supply money. You can actually own bitcoin and no one can seize it from you.

But these attributes are not free. They come at a cost: 10 minute block times, limited block space, needing to run a node to verify the bitcoin you receive.

Things like ecash are being explored for use cases where people don't necessarily need or want to pay for all the heavy duty benefits of bitcoin, but they want some of the benefits.

51 sats \ 2 replies \ @OneOneSeven 10 Jul

Class of 2022, I've felt the same.

Is there a worse name for a bitcoin tech than fucking "Fedimint"? lol

61 sats \ 0 replies \ @StillStackinAfterAllTheseYears 10 Jul

Seriously. I think "Doublemint" every time I hear it. They need some twins to help sell the concept.

30 sats \ 0 replies \ @zklsbn 11 Jul

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30 sats \ 2 replies \ @0xbitcoiner 10 Jul

These are all attempts to scale bitcoin, but none of them is definitive yet. Will there ever be one?

256 sats \ 0 replies \ @Scoresby OP 10 Jul

It's more like ecash is a tool for bitcoiners to use. It lets bitcoiners do things they can't do with bitcoin (currently, maybe this changes) but it doesn't really scale bitcoin. It doesn't allow more people to use bitcoin because it's not bitcoin. But it still may be useful.

30 sats \ 0 replies \ @TNStacker 10 Jul

We are so early!