Nostr Web Client

Regular reminder that ecash is not going to fix all of our problems. Part of the reason I'm working on Cashu is because I think every custodian in this world should be an Ecash mint. And every credit card on this planet should be replaced by an ecash wallet. That's already enough to fix.

cmd 1y ago 💬 1

I agree with this on cash deposits but I don't understand how you would run a real credit system with anonymous transactions and accounts.

How would you measure credit risk? How are charge-backs supposed to work?

There are reasons that credit card holders would prefer transparency and buyer protection over privacy.

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Discussion

calle 1y ago

Agree! I used debit card and credit card interchangeably (wrongfully so) but if you're interested in the credit part, there's a nice writeup by moon settler:

https://gist.github.com/moonsettler/42b588fa97a1da3ac0adea0dd16dadf2

Credit would require either collateral or an account so the credit issuer can make sure that you pay off your debt.