Replying to Avatar Mark Camper

Ecash will eat its lunch.

Similar use cases and tradeoffs, imo, but ecash has competition between the mints, and is btc stable (if not rugged). That makes it strictly better, imo.

Although, I'm probably missing a bunch. Would be curious about some more educated write ups about the tradeoffs.

Would Samourai implement xmr if the ecash would be more prevalent and tested?
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Saberhagen The Nameless 1y ago

Ecash privacy is great...if you don't mind custodians and centralized money printers. You know. The two main problems Bitcoin was trying to solve.

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Mark Camper 1y ago

Elaborate more on the trust of the monetary policy aspect in xmr

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Saberhagen The Nameless 1y ago

Monero:

✅ issuance decentralized (anyone can participate and mine)

✅ issuance predictable and known

Ecash:

❌ issuance centralized (only the mint can arbitrarily issue)

❌ issuance not predictable or known

The advantages over Monero (and even Bitcoin) that I can think of:

-nearly instant transactions

-txns can be cheaper/free

-it is offchain/ephemeral (no blockchain - potentially more private and scalable)

-It is 1:1 to BTC (ostensibly)

Other disadvantages:

-ruggable

-requires permission to swap out for underlying asset

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Mark Camper 1y ago

Thanks, I appreciate this rundown!