I don’t think of ecash as “fake” sats. They’re a claim on sats held by a mint, which allows the user time to learn how to receive them.
Discussion
Hopefully held by a mint. Hopefully not diluted by the mint.
There is definitely trust involved. A mint that wants to protect its reputation has no incentive to rug. I’d like to see a ratings system emerge.
This would be a great application for the Grapevine. Your Grapevine will enable you and your community to identify the most trustworthy users to help you curate your list of mints.
I could flag Shawn as trustworthy to curate the list of mints; he flags one or more other users, and so on; the Grapevine calculates a trust score for each user in this context, and I’ll quickly have a list of the people who know this industry inside and out. Those will be the people who manage the list of mints for me.