Nostr Web Client

That's the most accessible description I've heard yet.

Which is helpful because I've been sleeping on it.

Don't feel obligated to answer, but it leaves me asking why it needs a token at all, and how is it transferred between users.

Sounds like a lightning peg out.

I have homework to do. You don't have to spoon-feed me. But I'm more awake, paying more attention now. 🙏

<old>cypherhoodlum 2y ago

I don't think it's a token like you mean. If I'm not mistaken the "token" is essentially a secret string. The "token" gets transferred when Alice reveals the secret string to Bob. Then Bob can use the secret string to redeem sats from the mint.

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Discussion

<old>cypherhoodlum 2y ago

I would guess the root idea comes from the hawala system. If you understand hawala then you might understand ecash as well.

<old>cypherhoodlum 2y ago

Lyn Alden explains it in her book "Broken Money".