ecash is interesting because it is well designed (not like monero) capable of scale (not like monero) solve some problems (not like monero) and in the end it has his tradeoff (like monero)
Discussion
Monero can scale. Even higher than bitcoin base, lightning or ecash. As long as there are many DEX's.
Because it is fungible, getting into and out of high transaction speed second layers is easy.
good luck🙏😂
"well designed" depends on your goals and use case
Major downsides of Ecash is that the underlying asset is custodial and Ecash reintroduces seigniorage (mints can print ecash on a whim). Bitcoins only major value props are destroyed. You bringing back trust and custodians.
With Monero you can have privacy without sacrificing custody or seigniorage
Ecash is also not exclusive to Bitcoin. You can have Ecash on Monero. It's just an IOU.
ecash is not in competition with bitcoin, its enabled by bitcoin and lighting network to express its better form.
Is a tool, it doesnt scam (makes clear what are the risks and what are the porpouse, unlike monero) and it is a layer of standardized low barrier custodians possibility.
Ecash is a competitor of wallet of satoshi or netflix for example, all the custodians (not only monetary) that uses a ID-databases to offer their services.
It permit perfect privacy to user. Market competition (low barried, so much competition) will select trusty custodians (maybe someone who offer better proof of reserve). Rug pulls will definitevely happes, like for every custodian-based system.
It is opt-in; if you need it you can search for someone to trust that offer you this service and use it, managing the risks. Nothing more.
I'm happy for this possibility and use this service being conscius of the risks.
Ecash is not in competition with Monero either. They accomplish different uses.
Even Lightning is not exclusive to Bitcoin.
Lightning is on Litecoin.
Lightning is possible with Moneros Seraphis upgrade.
How does Monero scam? Show me where it promises to pump your bags or get you rich.
Monero is also opt-in and so is every other crypto out there.
so good luck, time will judge our decisions, its pointless to discuss.
No, time will judge you. We are early Bitcoiners without a maxi mindset/built here fallacy.
Bitcoin alone is just what it is. Not more. That's why we hedge certain trade offs between BTC, LN, Ecash, Monero.
no, time is a good judge for every choice but you are too dumb for understand this concept.
Still, it is what it is, everyone could expect the future he merits based on how he has been retarded in their past choices, so pointless to continue discussing.
Good life🙏
and for the "monero achieve privacy" thats false: it try to achieve privacy, sacrificing a lot in terms of scalability and security in the end it doenst achieve privacy cause little anonset. Also, and most important, it is a shitcoin and blablabla maximalist rants that you dont want to ear. Time will reveal truth and it is the best judge😸
Monero achieves false privacy?
Ok here is my Monero address:
89spcfRbp8EZZF2Qf9qJNSBjbx7fJAdJcEf64GBP1Vgg8yNrKHVLtJXLt4jWr3hcYeYUePpKfg5MkNYsjNc9sx3m3ymcMt4
Tell me how much money is in it and what addresses I've sent or received from
Lol how big do you think your ecash anonset is? Especially when the goal is many mints that will fracture your anonset
so tell my how many sats I have, on chain or in ecash in the minibits mint. See? Seems that privacy works here.
I'm not the one claiming ecash isn't private.
You're the one claiming Monero isnt.
Sure, give me your Bitcoin address on chain, just like I gave you my Monero address, and I'll tell you
who is ecash even for? you like bitcoin but you don't like the only things that make it special, so you'll "use" it in some convoluted way that removes all the special qualities? I just don't get it. why would anyone want this?
Ecash is a nice invention for trusted environments of which on a grand scale of things there are currently only a few places where it makes sense.
I would love to see someone build a Monero ecash mint.
So e.g. for a conference you could buy your ticket with Monero and get some ecash tokens for fast and easy and private spending at the conference, where you likely trust the organisers. And then after the conference the mint gets closed automatically and any leftovers get stored privately on the Monero chain again.
I think I figured it out. bitcoin maxis have reached the point where they think it's a good idea to make bitcoin as retard proof as possible, even if it means stripping off almost all the benefits, so that they can get more people to buy bitcoin. the privacy thing is just an excuse to sell ruggable bitcoin to unsuspecting idiots. bitcoin maxis just want more people to buy bitcoin after they do and they don't care what it takes to make that happen.
happy you finally to understood😁