Replying to Avatar /dev/fd0

Ecash mint is similar to custodial mixer where you deposit and withdraw. However, mints use blind signatures or tokens instead of accounts.
Avatar
joe 5mo ago

The ecash is a bearer instrument that you purchase with bitcoin. You don't deposit and withdraw. There are no accounts to withdraw from. You redeem tokens which were purchased previously.

Unless I misunderstand how it works, I'm an ecash noob. Happy to be educated. nostr:nprofile1qqs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6ccpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgkwaehxw309a5xjum59ehx7um5wghxcctwvshszrnhwden5te0dehhxtnvdakz7qrxnfk

Reply to this note

Please Login to reply.

Discussion

Avatar
/dev/fd0 5mo ago

You purchase tokens by **depositing** bitcoin and **withdraw** bitcoin by redeeming tokens.

Never said there are accounts.

Avatar
joe 5mo ago

If I buy gold from my local gold shop with dollars, give it to my friend, and then he sells it back to the gold shop for dollars, that is me depositing dollars to the gold shop?