Nostr Web Client

I remain skeptical that Fedi/Cashu solves real world problems. I get it’s far more private than other bitcoin custodial solutions, but most people don’t care about (or understand) digital privacy. I don’t believe a billion users will become regular users of Fedi/Cashu mints if the selling feature is privacy.

This said I admire and support (in small ways) those building these protocols/apps. Bitcoins value in large part exists because of amazing minds building and one of the best ways to test out ideas is to build them. I genuinely wish them the best and hope for success.

The world would be a better place if more of it was priced in sats. Bitcoin feels so early. Yet at the same time the need for sound money in this world is so great.

IMO, I think the two largest hurdles for mass bitcoin adoption is tax law and business acceptance of Bitcoin in exchange for goods and services. I admire those working hard to break down those barriers. I wish more conversation was spent on these topics.

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Discussion

average_bitcoiner 1y ago

Fedi is a company. Fedimint is the protocol. And its useful for more than ecash.

Ecash also enables offline send/receive. Useful?

Fedimint is modular so can be expanded. Like perdition markets.

https://stacker.news/items/425620/r/garyKrause_

lonecoiner 1y ago

The selling point isn’t privacy. The selling point is not everyone on earth will be able to have their own UTXO’s or lightning channels. Mints will have lightning channels with other mints. Most users will use e-cash and very rarely or never touch the main chain. Additional privacy is just icing on the cake.

I think of the main chain like wire transfers, lightning for settlement between banks (mints), and e-cash like dollars that show up in your banking app. They’re kinda like IOU’s but you can peg out to the main chain if you really want to.

You should try to wrap your head around e cash.