I showed some friends how you can use #ecash to take actual USD-denominated value and turn it into a magic string of letters and numbers whose ownership can transfer electronically. I did this with redeemable boardwalkcash tokens.

They weren't impressed.

One of the comments: "I wouldn't know what to do with that 'dollar'.."

Another comment: "I get less excited about a digital thing, like an email or something than, like, owning this glass [picks up a glass]"

Me: "you can't own most digital things in the sense that they can't be copied. With an email or a digital file, you can copy it and share it without losing ownership of it. Now two people have it instead of one. Owning that glass is cool because when you give it to me, I own it and *you don't*. It's scarce and transferrable. This works just like that, but I just instantly *texted you* a valuable thing across physical space and now you own it"

Them: "eh I dunno. Just doesn't feel like anything"

I sort of get the reaction, but also not at all... Even without a use case, it is just intrinsically mind-blowing to me that we can electronically transfer locked energy in a conservative manner.

Interacting with normies makes me question whether I'm just an excited nerd geeking out over a neat toy that doesn't actually matter to anyone, or if I'm an early appreciator of something revolutionary.

Gonna stick with "the latter" for now...

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Discussion

Most people and even we are not aware of the awesome future use cases of all of this, its like early days of internet and showing people that you can see some dull websites, or send email to one or two friends.

Same as it ever was for us early adopters of the Internet, digital media, social media, cryptocurrency, and now this.

Indeed. Wouldn't have it any other way 🤝

It's not ready for the mainstream yet. It's really fun for us nerds 😁

Kinda nuts that if Apple just added a lightning wallet to iOS Apple Pay it would change everything...

It would go from "what am I supposed to do with that weird fake dollar?" To "oh nice, an ecash token in a text, I'll swap it to my lighting wallet in Apple pay"

nostr:nevent1qqsdyyx8rdqtclnkj42850m8pjnvx9023d72vgrtg5e7m8sxu2f6wxqpramhxw309u6rxdpsd4skjm3wv36kx6mydeejummjvuargwp58qhsygpwl2n3twa5dh2mu6ma4rthqqnx6yt8fwgnhqtc4hd4ctnrmxrnxypsgqqqqqqswz0gcf

Normies don't understand, nor are willing to pay for the cost of anarchy. If the cost of anarchy is less than the cost of a centralized solution then the market will respond while the normies fall into line.