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And Monero improves non-custodial privacy solutions for onchain L1, so in that sense and using your "logic" it's as much of a speculative shitcoin as Bitcoin is.

(contrast with my logic, where neither is a shitcoin, there are tradeoffs to each solution, and there is no silver bullet.. do you know this thing called nuance?)

Ecash is indeed a speculative shitcoin if you want to be narrow-minded, you're speculating that the mint operator won't rug you. Your precious ecash note might be worth roughly $BTCUSD_NOW or zero.

Surely you also realize that ecash has nothing to do with bitcoin. It just happened to be ressurected in a bitcoin context. But you can have ecash IOUs for anything else too, and in fact if the idea ever takes off, it's an inevitability that it will be used for everything else too.

Anyway, keep seeing the world in black and white, I don't really care. I do care that bystanders and passer-bys read something that makes them think, and that's already happened.

You, on the other hand, don't really want to think, evidenced by the note I'm replying to. Whatever is not what you believe is blasphemy, and you've got no time to engage in heresy.

It's a bit sad but hey, you do you.

calle 1y ago

Can you read or are you obsessed?

You use a custodial wallet in your Lightning address on your nostr profile. Ecash improves custodial solutions. How clearly do you need people to tell you that? Stop gaslighting me with your bullshit.

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Discussion

Bitcoin Worm 1y ago

Not on Garnet.

Papa Figos 1y ago

Can YOU read?

As I told you before, I have nothing against ecash. I think it might have its cases, especially in a federated context as with fedimint.

Single-server AND operated by random strangers is not really "improving custodial solutions" in my book, it's courting disaster, and time will tell if my intuition is correct, but a LOT of unsuspecting people will learn that lesson the hard way.

Your dogma prevents you from even admitting that if privacy and anonymity is the angle, you are surely safer holding and spending Monero than holding and spending ecash from random operator #46927.

Hell, even if it is YOUR own mint. Or does the BTC that back your ecash not sit on a hot wallet on a server that in all likelihood is not secured to the stringest standards?

This you would be able to see if you were honest in your assessment. But for you it's black and white.

I think ecash is interesting tech, I find it interesting that it was ressurected in a bitcoin context (although there is also nothing special about ecash bitcoin IOUs vs anything else), I believe it has its use cases, especially in a federated context, and while I think single-server random-mint use cases are few and often perilous, I am more than happy with people making up their own minds (or learning from their silly mistakes, as the countless threads of "oh no random mint operator rugged me, never saw it coming, help!" demonstrate).

I would never use a non-federated ecash solution myself, but I can see why someone else would.

As for the lightning address here, that's a perfect example of the limitations of lightning. I didn't want to doxx my node which I ran when I set this up, another thing I wouldn't have had to worry about with Monero ;)