I noticed “E-cash disrespectoor” in your bio nostr:npub1cpstx8lzhwctunfe80rugz5qsj9ztw8surec9j6mf8phha68dj6qhm8j5e
I’m still trying to form an opinion. I had a call with someone yesterday who shared some skepticism on eCash with me. Can you tell me more about your view?
My view is very simple: not your keys, not your bitcoin. Calling these e-cash tokens self custodial is the biggest cope I've seen.
If you keep up with nostr:npub1xvtwx6tduaxnn9v3y7uasskl277achgu0tu2qncmc7hdsz6y2zyqce64sa and nostr:npub1f4www6qjx43mckpkjld4apyyr76j3aahprvkduh9gc5xec78ypmsmakqh9 you'll get a good idea of where I'm coming from.
Only one vocal person says its self-custodial. 😐
And he's wrong about it.
my stance on ecash is on the latest ep on SNL, nostr:npub1kuy0wwf0tzzqvgfv8zpw0vaupkds3430jhapwrgfjyn7ecnhpe0qj9kdj8
https://www.youtube.com/watch?v=OyCicFzd3SA&list=PLKnVil22cJNzDABNpAQ2JecRzU3SUtV8V
frankly I am tired of talking about it atp, let the builders build
Listening now. 🫡
Would love a journalistic dig into any funding origins.
Cool, I’ll catch up on this, Car, thanks!
its just one mans opinion, can change over time
Hope nostr:npub1cpstx8lzhwctunfe80rugz5qsj9ztw8surec9j6mf8phha68dj6qhm8j5e or nostr:npub1f4www6qjx43mckpkjld4apyyr76j3aahprvkduh9gc5xec78ypmsmakqh9 will discuss ecash and their concerns in public with me at Nashville. I am running the Bitcoin Veterans workshops and would be happy to have an open forum discussion. We can get as technical as you'd like.
not sure if i will be attending the conf but will be around nashville, will be throwing a private snl party and livestream
Thanks, I’m following both of them now, too.
I’ve always had the assumption that a payment for a good/service always has counter-party risk with whoever you’re exchanging with.
So I would never consider eCash self-custodial, but I’ve always thought of it more like a simplified UX involving an additional party for an already somewhat risky transaction.
You could give me 10,000 sats from cold storage and I might still run away with the coffee we had agreed I’d hand over in exchange.
This rationale highlights my issues with it
Custody of small amounts (credit) is inevitable in an economic sense, but ECash isn't additive to that at all, while ECashers position them as synonymous despite solving the wrong problems inhibiting broader adoption of Bitcoin as a MoE
It's not more programmable than any other database, it's actually much worse because of the the abstraction from the underlying asset
The privacy benefits are farcical, particularly in the context of small nodes, and treating it as a new payment spec is deleterious to interoperability
If the goal is to have shared friends and family nodes for Bitcoin as a MoE, then Lightning.Pub is superior to mints in every way
Sir please buy my NO-Cash Notekens
