killer tech here.
as a Monero guy gotta say this is pretty damn cool.
nostr:note17ksh0x5j90za7uzw4yczs8009jre6c7ukp6hdjakcl4zd9adr27s6w3jsc
Idk if people are ready for this, but I believe the world is. First tests of USD Ecash. Backed by BTC.
Everyone can run a mint. Everyone can make a wallet. USD can be spent everywhere BTC is accepted. Open protocols all the way down. No gatekeepers. This is only possible because of the permissionless nature of Bitcoin.
You'll zap USD on Nostr and you'll be happy. It's going to be so insane.
https://video.nostr.build/2bd2bd63fbd4c77d64d5f8a2a1cab6ccbea48c541c96be2f28fa5e57276be872.mp4
Discussion
Cool tech. Without a doubt.
Will it solve real problems? Let's see. I doubt it. It will open BTC to all sorts of custodial scams.
I probably would prefer to use it on top of Monero for extra privacy. You don't need L2 for custodians to function on L1 meant to grow with demand like XMR. You need to put trust into the custodian/collateral anyways.