> we shouldn't outright deny that path to people
Developers not building features is not denying options to users. Framing it as such is disingenuous. There are way more lightning devs than ecash devs. Nobody is stopping them from building.
> I also believe we can make this path more attractive with more development and more engineering effort.
We agree on this. Lightning is not done yet.
> ecash can't really be a true p2p electronic payment option because at the end of the day you still need lightning to verify if its a real payment
This is a fallacy arising from your view of custodial payment solutions as "not real". Ecash is an electronic bearer instrument (a.k.a. cash) that cannot be selectively disabled for specific users. It is peer-to-peer electronic cash. People have been using custodial cash solutions for hundreds of years. It's a very real form of money. The entire world economy runs on this "not real" form of money.
> I just see it as a more complicated stack with less reliable payment option for vendors accepting payments.
lol wat? Just look at the specs bro. Ecash is ridiculously simple compared to lightning. You don't need to take my word for it, just watch what gets built. The reason it seems like lightning is losing ground to ecash is because it is. Lightning is held back by its own protocol complexity. Perhaps you know too much about how lightning works to appreciate the difference. Can't see the forest for the trees.
Your other arguments all stem from the view that custodial bearer asset money is somehow "not real". This is the kool-aid talking. If the payer and payee both trust the mint then ecash is simply better than lightning. If your transaction is large enough that you don't want to trust the mint then use lightning or on-chain. This is the best of all worlds. This is the future.
how can lightning lose ground to ecash, does it not depend on lightning? Unless you are proposing shitcoinery.
Speaking from an end-user standpoint that views lightning as rival to ecash, which is the entire premise of your original argument. Unless you want to walk that back...?
masking the complexity of lightning with a custodial facade might seem like its better UX, but its just a facade. it degrades important properties of the payment network (inability to chargeback) while making it more brittle and complex. your points might be correct if you give up on lightning alltogether and go into fiat/shitcoinery, which it sounds like you're proposing?
You can't do chargebacks with ecash. It also has better privacy properties than lightning.
Ecash has better UX, as you said, because the overhead of maintaining a lightning node is offloaded to the custodian, who can be compensated in the form of fees.
Is this the value for value everybody keeps talking about? Liquidity management, uptime, and privacy provided in exchange for transaction fees. Seems like a good trade to me b/c I don't want to do all of that work just to zap shitposts.
Which is it? Brittle and complex or better UX? You can't take both sides of the argument.
Not sure why you are accusing me of being a shitcoiner. Do you have a rational line of reasoning or is this just plain old ad hominem?
simply nonsense, you can definitely claw back ecash. ecash people tell me this is one of the best features.
It seems we are talking past each other. You got a reference I can check out?
nostr:note1p7axj0cnxzy56za4wx0f2fy6ghu0qfwq4sd4tx0fwnlql39ugkrswy32ll
Ah ok. He's talking about reclaiming unclaimed tokens. That's not really a clawback, at least not how I understand the term. This is like an unfinalized lightning transaction that later fails, like with a hold invoice. It's a great feature because it means you aren't sending your money into a black hole.
A clawback (I think the most commonly understood definition of the term) is when you finalize the transaction and then reverse it later. This is how check fraud or credit card fraud works. This is not possible with ecash. Once the token is claimed there is nothing either party can do to reverse that transaction.
The mint can't even act unless the user accused of fraud deanonymizes their ecash token, which they have no incentive to do. Even in that case, the mint can't know for sure which user to reissue it to because they both have the blinded secret. Ecash is too private; the mint knows nothing and can't really act so clawbacks are not possible.
lol sorry for double post. Nostr client issues... Almost triple posted 😅
Thread collapsed
Thread collapsed
Thread collapsed
nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s , does damus notedeck not leave relay/pubkey hints? 😅
I only recently added the relay index to nostrdb, we should be able to do it now.
Thread collapsed
Thread collapsed
Thread collapsed
Thread collapsed
Thread collapsed
I was a huge fan a jb55 until he started shitting on ecash
I have legitimate concerns, i’m not allowed to voice this?
Yes
I shit post too much
And get way to high on weed 👀🤣
Your free to and I’m glad you are 💟
Thread collapsed
Cult doesn't like freedom of speech
Thread collapsed
It is 2025 and we are connected to the whole world. No need to tolerate people who do not share 100% of our beliefs and with our same level of conviction.
That being said. I need to look into ecash. I just wrote it off, but it probably has some good ideas.
Thread collapsed
Thread collapsed
Thread collapsed
Thread collapsed
Thread collapsed
Thread collapsed
Thread collapsed