Learn about what Ecash is and what it isn’t on nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8 with nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg
https://youtu.be/ipPqYIA7JkM nostr:note14apfcrw7wl554tfzdtp9fpklju0mv3wr3x82azpr3mkmu8wvlqssplmvrn
Pre-locking stats to a provider is similar to gift cards, but it's on-demand and private. 🧡
You talk about dollars being self-custodied FIAT, but this is not correct. Dollars are promissory notes, which you can clearly see on old bills that declare their worth in silver. A dollar bill is very much analogous to a token from an ecash mint, it represents an amount of money (gold or silver) allegedly held by the custodian (the US Treasury). You self-custody USD not by holding dollar bills but by holding constitutional silver coins.
