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Replying to Avatar calle

If I had some free time, I would build a service that facilitates atomic swaps of ecash from one mint to another. Something like a broker, let's call him Charlie.

- Users Alice use mint A, Bob uses mint B

- Bob wants to pay Alice but doesn't have ecash from mint A

- Bob discovers that Charlie holds a balance on mint A and mint B

- Charlie offers to swap from B to A for a 0.5% fee

- Bob agrees, atomically swaps coins from B for coins form A

- Bob sends Alice coins from A

Charlie obviously announces himself, the mints he supports, and his contractual conditions, on Nostr. That's also how Bob discovers him.

f8
Deleted Account 1mo ago 💬 1

Why the fuck would the fee be 0.5%? Try 0.05% for providing a next to costless and automated service but zero economic value.

Stop trying to rebuild an old economic extortion system.

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Kyle Jay 1mo ago

The point is Charlie can choose the fee he wants to charge and Bob has a choice to pay the fee or use an alternative method.

When everyone has a choice the market will find the answer.

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