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30 sats \ 1 reply \ @d58ca27a84 10 Jul \ on: Ecash ecosystem map bitcoin
"on Bitcoin" doesn't seem like a very helpful distinction in the ecash context given any form of ecash can be trivially exchanged for Bitcoin.
Let's widen our apertures.
A central server running a non-chaumian version of ecash called Webcash (https://webcash.org/) has been in operation for ~30 months now with minimal downtime. It has a distribution mechanism enabled by SHA256 POW, inspired by Bitcoin but with an accelerated emissions curve. There is an easy to use Webcash wallet called WebCasa (https://webcasa.app/). Both of the projects are open source and can be found on Github.
Isnt Webcash Bryan Bishop's project? I think I heard him talk about it on Vlad's podcast or somewhere.
I don't understand what the benefit of non-chaumian ecash is. Wouldn't it mean the mint could see what you are doing, and if so why is it better than the current banking system?
Chaumian ecash is already a step in the direction of adding a third party, so why would we give up the benefits of privacy and censorship resistance and take on the third party risk?
Forgive me if I am misunderstanding how webcash works. I need to look into it more.
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