Until we solve all the scaling challenges (both technical and economic) and ux challenges, a lot of people will prefer a custodial LN wallet. If they’re going to make that choice, an ecash-based wallet is more private. Still custodial, but more private.
Nice cool feature about cashu is how easy it is to spin up. So you can uncle-jim a private, custodial wallet for your family/friends/community (you manage the channels, etc)
Even after scaling, ppl will want to play.
Yes. Just like some people play with blockchain “projects” other than Bitcoin.
Wallet of Cashoshi
Unless your uncle jim has impeccable base layer privacy a family cluster like that would be trivial to identify. ecash will have a place but as long as best we have is run by a pseudonym my alarms are still going off 🚨
It is like saying that 1 security company is not secure so let’s have federated 1000s of companies are engaged to provide the service. It is still an IOU not Bitcoin. Playing with it is fine but you can do those on Lightning with tons of devs that is happening on LN.
