Nostr Web Client

jb55 4mo ago 💬 24

don’t mistake someones indifference of something as hatred of something.

people keep calling me an ecash hater for some reason.

It’s like saying i hate knitting because i don’t partake.

I’m sure i would have fun if i played around with it, but i just don’t see it as something worth spending time on.

nostr, lightning, ark, covenants leading to new L2 are so fascinating that they take up all my brain cycles.

Although i do find the cult obsession with ecash an interesting phenomenon. People love their tokens.

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Discussion

average_bitcoiner 4mo ago

Good take. Does that mean you'd accept an ecash wallet PR to notedeck?

jb55 4mo ago 💬 1

maybe? but then i would have to maintain it 😩

Basanta Goswami 4mo ago

Allow publishing the notedeck apps via nostr itself, like how it's done in Zapstore

jb55 4mo ago

yeah i definitely want to do this

Contra 4mo ago

You don’t have to love every shiny new toy to know where your time is best spent. Ecash fans can obsess all they want, but if it doesn’t pull your focus or spark your brain, that’s just reality, not hate.

jb55 4mo ago

and they get mad when im not interested. like what!?

VictorieeMan 4mo ago

let em

Contra 4mo ago

People take it personal when you don’t share their hype. Just keep doing you.

Schlaus Kwab 4mo ago

Ecash has one slight advantage to "new L2s": it's real and it works.

jb55 4mo ago

not an L2 though so unfortunately my interest falls off a cliff that that point :(. bitcoin things with utxos and unilateral exits are just too much fun.

Schlaus Kwab 4mo ago

What are your expectations for a new L2 that exceed lightnings capabilities?

jb55 4mo ago

Something that doesn’t require you to run a server for custody. Non-interactive L2 protocols automatically handled by script would be nice

Machu Pikacchu 4mo ago

How do you feel about LNhance? Do you think with that, CTV and Ark we’ll have a sufficient L2 to onboard the world without custodians?

I’m a fan of cashu for things like ehash or for passing offline payments like when connecting to a Tollgate. Also great for onboarding new people today who don’t have inbound liquidity for their own channels.

jb55 4mo ago

I’m not an expert so i defer to reardon on those things, apparently instagibbs has yet another proposal post-LNhance, but i don’t follow it closely enough

JackTheMimic 4mo ago 💬 1

It's a credit token, making it a L3.

Bitcoin - L1, asset layer

Lightning - L2, coupon layer

Ecash - L3, credit layer.

scl 4mo ago

I cannot figure out what ecash solves but maybe I’m dumb and missing the point 🤷‍♂️

jb55 4mo ago

digital cash you can move around in cyberspace. pretty cool, maybe it would be better as a lightning extension somehow 🤔

scl 4mo ago

Seems like extra steps with custodial elements

Simply Nostr 4mo ago

It’s good for onboarding new user to lightning without them having to pay to open a channel… then a good way to stay no kyc… add forward privacy for small payments if your stack is kyc…

With lightning… both the sender and receiver hsve to be online…

With ecash you can do offline payments.

It solves the problem of if the lightning network is failing or having issues…

It could possibly solve tons of problems…

Who knows.

It’s better at micro payments and batching small payments than reg lightning ⚡️

But even not just what problems does it solve or will it solve in the future…

The part I think is crazy is that you can send ecash sats from an ecash wallet —— to a lightning wallet…

And you can send lightning sats from an ecash lightning ⚡️ wallet to an ecash wallet.

They are interoperable…

Idk most of what I said is probably incorrect tho….🤣

jb55 4mo ago

i could also spin up an ecash server and have 0 bitcoin backing anything, users would look like they are sending money back and forth, sending offline, etc.

At the end of the day none of that actually matters until you try to redeem it for real bitcoin.

You’re describing an emotional reaction to fooling yourself and saying thats better ux. It may feel like it’s working but thats just a lie until you verify it’s real via lightning.

Ben Arc 4mo ago

It is an interesting phenomenon, the hype. Good luck ecash, but to me it seems a beautiful castle of innovation built on extremely shaky assumptions, which would likely void the innovation. A lot of money has been poured into it, so I guess I'm missing something.

I just can't reconcile it making sense, it's like trusting darkmarkets to store your coins. Privacy with a custodial solution is more a bug than a feature. If you want privacy better options exist. Onchain/lightning/ark/nostr/liquid/covenants/swaps 👌. Rest feels like somewhat of a distraction.

jb55 4mo ago

🤝

Simply Nostr 4mo ago

Shaky assumptions that would void innovation?

I was skeptical at first to

And people judge and seem to have opinions on things before they even try it out.

What I’m saying is that ecash is part of the innovation.

Not voiding innovation.

At least download a wallet and send a couple sats around to see the magic of it.

With npub.cash the sats are literally like in your Nostr relays or something crazy in your browser.

Minibits is a cool wallet to try out

Cashu.me

Zeus wallet

All I’m saying is don’t dismiss it till you experiment a lil ….

Simply Nostr 4mo ago

I guess I just never saw it as a token.

To me it looks like sats….

jb55 4mo ago

in the context of cashu, its a token that gives you permission to move sats in a lightning channel someone else controls, assuming they keep the server running for the duration you hold the token, and if they have enough liquidity to move it. The token itself has nothing to do with bitcoin.

custodial lightning isn’t much better, but it less software and less complex.

non-custodial lightning is much more fun. you don’t have to worry about people rugging you or randomly disappearing with your money one day. I can’t imagine running my business on someone elses node.