Nostr Web Client

no bro, ecash replaces actual custodial in lighting network with a better private service, it has his tradeoffs and is a custodial solution for low amount.

It's a layer over bitcoin that laverages the value of bitcoin utxos and doesnt scam people crating a new insostainable digital value trending to zero over time (like shitcoins) and it doesnt require on-chain swapping. It could provide real utility if adopted for a private cash-like hot wallet use case.

Whats the use case of monero? Attending that the money vanish going to zero? Attending that the next hard fork will end it at all? Swap periodically in bitcoin, so paying in the end more on chain fees? Or attending that finally monero is adopted and people really start using it; oh whait, at this point the 16 signs per tx would explode the utxo set and grow the blockchain making it unverifiable with normal PCs... Hopefully to solve that the guys are rushing for the next non-retrocompatible consensus hardfork full of experimental stuff that will be absolutely bulletproof to bugs and unintended conseguences, like the last great idea of p2pool and splitting miner payments in so little tranches reducing the anonset of transactions even less then before if it was possible...

Saberhagen The Nameless 1y ago

Just say you like shitcoins instead of doing all these mental gymnastics

Custodial is the worst kind of shitcoin. It's the entire problem Bitcoin was trying to solve

If you're rugged and/or no one accepts ecash from your mint the value of it equals zero

You say no one uses Monero supposedly. So name a few businesses or markets that accepts Ecash (not lightning payments, actual ecash tokens) because there are none

Reply to this note

Please Login to reply.

Discussion

ponymontana💜⚡ 1y ago

ecash is new in the game, I agree that today is not widely accepted. I think a good, honest (in his claims) custodian is much much better that shitcoins.

Custodians provide services in exchange of fees + counterparty risks. I dont see nothing bad on something that permit to have better custodians for the cases where someone would need it.

I see a lot of cases where I would use a custodians that give me near perfect privacy and transaction efficiency, knowing that this service is fully based on trust and it can rug me. A great benefit of ecash is to lower the barrier to be a custodians, and bring more competition and more choice; so I would pick what I would consider the most trustworthy custodians to dont rug my 20 bucks.

I frankly never need shitcoin in my life and dont see utility. Also with shitcoins the rug is certain.