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0 sats \ 5 replies \ @DarthCoin 14 Aug \ on: E-cash Scenario: pick your mints nostr
It doesn't really matter if the funds are automatically withdrawn at the end of the day. What will be important for any mint is to have good liquidity in/out to be able to fulfill the demand.
What could happen in a MPP tx if one mint will not have enough liquidity?
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43 sats \ 3 replies \ @TheWildHustle OP 14 Aug
So in this scenario the answer would be none?
Which is fine. Just wanted to see what people typed.
I'm bullish on nostr and e-cash, but understand that TheWildHustle is kind of a crazy fool.
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67 sats \ 2 replies \ @DarthCoin 14 Aug
ecash is something like additional to BTC LN, is not something that could force more the bitcoin adoption.
If LN doesn't work well, ecash the same will be not useful. Focusing too much on ecash but not on LN, will be a failure. ecash in the end is just a gift card. No more no less.
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0 sats \ 1 reply \ @TheWildHustle OP 14 Aug
ecash in the end is just a gift card. No more no less.
Much appreciated.
And a question,
Should we just avoid the e-cash stuff altogether because
  • The mints are untrustworthy
  • non custodial lightning UI/UX will improve
  • Satoshi's are better than e-cash
  • The point of bitcoin is to not trust third party intermediaries with the custody of your funds
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67 sats \ 0 replies \ @DarthCoin 14 Aug
Satoshi's are better than e-cash
You can't compare something that is not the same thing. ecash no matter how fancy, private or cheaper to use is, will not be more than an IOU. Bitcoin can't be an IOU, never.
The mints are untrustworthy
That is irrelevant for Bitcoin, is an aspect between the user and the bank. For sure it will improve in time.
non custodial lightning UI/UX will improve
Definitely, people should have patience. We are soooo early.
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0 sats \ 0 replies \ @TheWildHustle OP 14 Aug
you will maintain credit at services you use regularly and implicitly trust with a budget that may used automatically. If you give a service a budget, it's retarded to force it to debit remotely, you will just park it at that service.
I was thinking something like that would be built with e-cash and the mints, I'll need to checkout ShockWallet, and thanks for the writeup.
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