Good if users can admit that...
Ecash is NOT:
1.) Bitcoin, it is a custodial, permissioned, private token system
2.) A layer 2 to bitcoin. It is an alternative system which uses bitcoin in it's design as a tool, but is essentially completely separate to bitcoin. It's existence is admission to bitcoin's shortcomings when it comes to scaling.
3.) The answer to everything, and though it does offer privacy, it is still custodial and permissioned. Trade-offs should be considered.
The 3 points I chose to highlight do not say Ecash is bad. But any kinda maxi can be annoying if they are unwilling to be releasitic about facts and tradeoffs. This of course applies to BTC as well :)
ECash is a bitcoin technology being built on Nostr with lightning ⚡️
It’s fantastic fyi
Yeah it’s not on chain sats ….
But that’s not what it’s for
It’s for using bitcoin more for spending
As a currency
I would not keep a lot of sats in an ecash wallet
But it is badass
I’ll say that 💟
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