Idk seems okay for privacy and a small amount. But ecash ain’t ₿. Pretty cool stuff.
- Proof of work was invented to prevent spam.
- Satoshi used PoW to rate-limit block production.
- Blocks create scarce Satoshis.
- Cashu puts Satoshis into bearer ecash tokens.
- KeyChat (privacy messenger) uses Cashu tokens as stamps to prevent spam.
Full circle nostr:npub1qg8j6gdwpxlntlxlkew7eu283wzx7hmj32esch42hntdpqdgrslqv024kw.
Discussion
We're talking snailmail postage stamp utility tokens here. USPS for example prints some unknown quantity of different kinds of stamps each year & sells them for a fixed USD price. Some kinds hold value more than others. We don't know their supply issuance.
It's only meant to require a sizeable amount to purchase if you're a spammer. It's not really meant to be money, but nothing stops a person from valuing it as such I guess
I feel like I’m missing something here. Are you saying it serves a purpose to get Sats from one place to another but isn’t a replacement?