I’m going through a tutorial on eCash right now. I’ve been an XMR supporter for a long time because of privacy and the legit business case for private transactions; eCash mints have promise to achieve the same result. Amazing.
Discussion
It’s really amazing. The only thing is right now you don’t know if you can trust the Mint is fully funded. I think this will be solved soon though
Trust has to be solved. There is currently too much trust.
I think Mints will have more transparency if they are fully funded or not in the future. But agreed
Enjoying this discussion.
I like to keep an open mind and always want to explore what’s out there. Have never heard of eCash but I’m intrigued. Let me ask this…
If trust is the biggest concern with eCash, wouldn’t Zcash potentially be more appealing given the longer history and strong privacy tech that Zcash is known for?
Serious question.
I think trust as an issue with eCash is a transitory one; it will be figured out. The allure to eCash in the iterations I’ve read are it’s direct link to BTC; offering a fully integrated, private solution.
Great discussion!
With eCash you gain convenience, privacy (from both the mint and others), and cheap transactions. The trade off for all that is loss of custody. But Fedimints offer a trust minimized version of that. The mint can have multiparty custody to at least reduce the likelihood of being rugged.
A few episodes on Fedimints if you want to learn more:
https://optoutpod.com/episodes/s3e01-fedimints/
https://stephanlivera.com/episode/331/
https://www.whatbitcoindid.com/podcast/fedimint-the-future-of-bitcoin-custody