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I can see the potential of ecash on top of lightning. The first nostr client with native ecash zapping either with its own ecash wallet will become my home 🤙 zaps are cool but we shouod want mire lrivate ecash to be the standard as soon as possible.
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SqNr65 1y ago

I'm not sure I understand the benefits all that much.

I feel like ecash was a beautiful upgrade for fiat rails in a digital world, which failed before Bitcoin because of the permissions nature of that crapshoot.

But Bitcoin is already a natively digital programable bearer asset. The permissionless nature of it makes ecash an inevitable reality, but the improvements are lost on a money that can already do the things ecash promised to enable fiat to do.

Much MUCH smarter people than I have come to a different conclusion and seem to think ecash is an incredibly useful and worthwhile technology that we should definitely be implementing on Bitcoin, so I honestly feel like I'm missing something here, just haven't been able to nail it down.

Why do you see ecash on top of lightning as an improvement? What does it solve for you that lightning didn't already solve? Maybe I'm not seeing enough of the picture to even be able to phrase that question properly or to even know what to ask here but I'm very curious why you're so keen on ecash.

And to be clear, I don't NOT like it haha I just don't quite understand the hype

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deleted 1y ago

Ya, i think the nature of ecash on top of lightning brings back some of the qualities of btc layer 1 that i miss when using lightning. Such as it being sendable and receivable off line. That coupled with the privacy gains and scalability seems like a far superior tool for something like zaps.

I think for me im realizing the dream of everyone running their own lightning node is never gonna happen...so if the alternative is custodial lightning...then we need ecash so that custodians are blind to linking users with transactions. Then we need fedimints with ecash to disperse guardians of the ecash mintsso less rug risk.