Accoriding to ben arc ecash is a shitcoin
Discussion
Ecash is not a currency. It's a way to replace custodial ledgers by bearer asset tokens that respect your privacy.
It's a technology with 40 years of research and thousands of peer-reviewed papers.
It always sucked and never cought on because it relied on banks. Now we can build it open-source on Bitcoin.
How large of a transaction can you do with ecash? I'm guessing it depends on the lightning channel capacity?
Is ecash XEC or BTC-Lightening? So confused right now.
E cash is a bearer token. It's integrated with lightning. As is backed 1-to-1 with sats.
But by using it you're accepting certain trade-offs by using e-cash you are getting a 100% privacy Is on any payments made or received. Which is not the same for lightning or on chain. But at the cost of trusting the Is e-cash mint custodian not to run fractional or rug.
In theory, LN invoice to cashu, cashu send to xyz wallet like nuts, etc.. psy some peeps, get some zaps from npub.cash, then back to a new lightning invoice. 100% privacy where it came from, yes?
I think according to ben, all custodial bitcoin is shit, but ecash is a shit coin
Cope harder
