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Replying to Oftening

I recently realized that game theory favors ecash because the mints can't become central banks because they are basically over bitcoin and lightning rails. If there isn't a "central mint", this means mints are already incentivized to be completely trustworthy. If they aren't and expand their credit (mint more ecash from nothing) , their funds will be completely nuked because they will be fighting against big daddy bitcoin, the most prudent and resistant ledger ever created and also because the abundance of other mints that will be prudent(because they don't want to lose money)

To a more clear explanation of what I'm saying, look at this video from the minute 35:

https://youtu.be/V-KFTabWIGM?si=DtaxA5aEuV2PEDRJ

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Dullahan 2y ago

By the way, here is an explanation of why people can't be rugged so easily when they have ecash:

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Ethan Tuttle 2y ago

Thanks! The speed at which you can bank run with an ecash mint is blindingly fast.

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