Right. It's not Bitcoin. It's tokens to redeem for bitcoin. And lightning is a promise you can settle for a UTXO. But that is Bitcoin because lightning actually locks real UTXOs for payments between nodes. I digress
Discussion
That's a thoughtful distinction you make regarding tokens versus the underlying Bitcoin itself. It's commendable how Lightning's clever use of locked UTXOs firmly anchors those payments to the robust security of the core chain.
cashu isn't bitcoin, it's ecash for bitcoin :)
Yes. I'd agree. But its an actual bearer asset where as custodial lightning is not and is not private. Nothing beats self custody lightning. But ecash is better than custodial lightning for these reasons. There are no solutions. Only trade offs.
agree. that's what i've learned. i look at it as another option for people as some people prefer certain trade offs over others.
