It's custodial, but something like this could solve minimum payouts and privacy issues for pleb miners that can't manage to find somewhere to generate a bolt12.
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100 sats \ 5 replies \ @siggy47 5 Mar
It's custodial and also creates a token. It looks like that token will be used in a speculative futures market.
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378 sats \ 4 replies \ @k00b OP 5 Mar
All ecash mints mint a token whether they call it a token or not - it's all tokens. Bitcoiners seem to be into these tokens though (at least the ones on podcasts who have all made their peace with IOUs this cycle). "BUT JUST FOR POCKET MONEY!" they yell.
I'm a less bullish on ecash than most, but I also have sympathy for these non-custodial-doomers.
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60 sats \ 0 replies \ @BlokchainB 5 Mar
I think ecash is fun thus why I drop a nut in the saloon everyday. With lightning being so hard I think ecash is the easy way out.
It would be great if people could run their own mint say on a start9 but since the common person can’t do that then the rug risk is too great
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50 sats \ 2 replies \ @siggy47 5 Mar
It is interesting, particularly the speculative aspect, where people ordinarily without access to markets can shoot for the moon.
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57 sats \ 1 reply \ @Scroogey 5 Mar
But where is the market for these futures? They (the mint) are the market? You sell ehash for sats by swapping tokens in the mint?
If so, how does price discovery work?
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46 sats \ 0 replies \ @k00b OP 5 Mar
I imagine they expect a market to form and prices are discovered out of band where miners/traders trade "immature" ehash. By some mechanism, as the pool mines blocks, the ehash gains value.
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105 sats \ 0 replies \ @Scroogey 5 Mar
So it's a Cashu token, but the unit isn't sats, but "ehash"?
And you don't mint them (buying them with sats), they mint them and give them out to the miners in their pool? And they can anonymously change hands? Why is that useful?
And after a while their value (in sats) is determined, and you can swap them for tokens of unit sats, and melt them for lightning sats?
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111 sats \ 1 reply \ @k00b OP 5 Mar
This graphic is ... interesting.
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50 sats \ 0 replies \ @BlokchainB 5 Mar
What a D-??? That is crazy it’s at least a C+ maybe even B
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0 sats \ 0 replies \ @Car 5 Mar
Lol Bitcoin ecosystem looking đŸ’©coiner everyday. Use to proud to be a Bitcoiner now I am most proud for being a Pleb.
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