Replying to Avatar Justin (shocknet)

ECash is a server authentication scheme, not a currency

It doesn't make bitcoin more private

It doesn't make custodians more trustworthy

The new payment specs associated with it are an attack on Bitcoin, specifically the network effect of bolt11

It's astroturf for the new EDollar

It's a well-funded psyop pushed by spooks, scammers, and their useful idiots
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average_bitcoiner 1y ago

Correct.

Bitcoin nodes run on servers. Ecash allows you to authenticate with the server on a 1:1 basis.

It makes bitcoin usage more private. It's separate from bitcoin for sure.

Custodians definitely aren't trustworthy so don't use any old ecash mint recklessly.

Bitcoin is anti-fragile and should be attacked regularly.

Edollars are happening everywhere. Including lightning. It was inevitable. Most dollars are digital now. How much physical cash is in your wallet right now?

Well funded? Can you name the funders and how much capital has been allocated? Compare that to other endeavors in the braided bitcoin space?

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Justin (shocknet) 1y ago

> 1:1

That's a lie, it's an unplugged promissory note

> Bitcoin more private

Lies, swapping an IOU isn't a Bitcoin transaction.. the mint sees all ingress and egress, big mints deanonymize the larger network

> Bitcoin should be attacked

Indeed, but we should also make note of who the hostiles are

> Digital dollars

Digital dollars aren't the problem, affinity scamming Bitcoin is

> Funding

10s of millions funded to Fedi/mint and grants from Intel front-org NGOs are public info