Replying to Avatar GrumpyGardener

Been struggling to reconcile the new push for #ecash.

Seems like we've gone full circle from the hardest money in the world with sailability over time and space, to it's too expensive and slow to move, to let's just use this redeemable token instead.

Does anyone else feel like we're devolving?

Lightning has it's problems/ limitations, but it's native to #Bitcoin. Isnt that the boat were all sailing on? Why is the community flirting with ecash, when it's literally fiat. Because it's fiat "backed" by Bitcoin? I'm not sold, but I'm in the market... Someone makee a believer.

#asknostr
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vinney...axkl 1y ago

Have you listened to this nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcjgxv3n yet?

https://fountain.fm/episode/BkQMgjKMA6kcLr0usYtj

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GrumpyGardener 1y ago

Admittedly, I have not. I'll check it out, but what are the cliffsnotes?

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Mindaugas 1y ago

If I try to summarize this episode in an overly simple way, I say fedimint is a solution for future banks in a hyperbitcoinized world. But you can also use them now, so when you transact off bitcoin blockchain among the federation members, your transactions will not be visible on bitcoin blockchain.