So is electricity and water, they all follow the path of least resistance. Take that knowledge and make lightning and ecash convenient for them.
In first world nations this is more difficult due to tap/swipe apple pay or cash
Discussion
Making lightning convenient?
Making ecash convenient?
That means they both need to be custodial for the most part then…?
Well, Relai and Phoenix are both noncustodial, so nobody can steal the money, but channels make it hard to pull all of the money out. Can't just recover a LN wallet from seed, or something, that's why my Relai sats are just stuck, now.
Most people will tend to only have relatively small amounts of money in a LN wallet, so they'd have trouble even opening a channel, or paying for a transaction, with their 456 sats.
Yeah there’s options out there but they aren’t all that good really… phoenix was good… zues is good(what I use now) but they all are not user friendly really yet… the whole channels thing is just fucking stupid imho and shouldn’t be a thing…
ECash mints are more like cooperative bank accounts and I like that model. Can spread your money over 4 different mints, each with their own LN node, but spend it all from one app. Can have a corporate account from your company, where your salary comes in, and one for your church to send your tithe in, and one for your friends and family, one from your local bank, etc.
It requires trust, but most of us actually feel comfortable with that. We often have joint Lightning wallets, too, or we're in organisations with a cash fund we pay dues into, or we do international transfers with hawala, etc.
Mints can be rated, after all, and get more fees for better ratings.
The only mint I will ever trust is my own mint…