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Replying to Avatar NewBeliever

Thanks for exploring these ideas outloud, I'm loving it. If I minted unbacked eUSD and then swapped them to a trusted mint, the vendor risks getting fake or debased eUSD right? Or inter-mint transfers only deal in true LN SATs to avoid this? Yes I think so. So a vendor would have to set a list of trusted eUSD mints that he's willing to accept parent from, right? There's no way to verify that 50 e$, received via email or however, is backed by real SATs right?

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Keychat 1y ago

Your thinking is correct. As a user, if you receive an ecash payment, you can inform the sender which mints you accept ecash from. The exchange of ecash issued by two different mints is facilitated through the Lightning Network.

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