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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.

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Luxas 1y ago 💬 3

What are the benefits of it being custodial?

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Yaco 1y ago

Many users can share an onchain lightning channel

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Joda 1y ago

There is no risk on lightning unless you use a custodian.

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Joda 1y ago

It's not a benefit; it's a drawback.

You can run your own mint though. You can't really rug yourself, but you also can't inter-operate with other mints; other people need to trust your mint.