Replying to Avatar jb55

Yeah I’m just thinking of the mint I would feel comfortable using (but i run my own nodes so I don’t personally feel like I would ever use one)

If we don’t think about these things we risk rebuilding the existing systems. I don’t buy the argument that it’s all small amounts so it doesn’t matter. It’s small amounts until it isn’t.

I got into bitcoin for the sovereignty and self custody aspects, ecash is really cool as a technology but feels bad to push it to wider adoption. Feels like we are just giving up on self custody. I would like to see more progress on improving L1 script so we don’t have to go the ecash route.

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Tim Bouma 1y ago

I see ecash more as a payment instrument for high velocity transactions. Eventually the ecash ends up as a channel balance or UTXO. The mints will be forced to be near 100% reserved because of near perfect liquidity. They’ll make their money by increasing velocity thereby earning more fees.

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