"Bitcoin will never be the medium of exchange"
- Zero research done on ecash
- Doesn't use NOSTR
- Has never bought anything with Bitcoin
Discussion
I use it as a medium of exchange daily
Can't one double spend with E-cash? Otherwise agree, Bitcoin can be an MoE by decreasing node hardware costs over time
If you could double spend I don't think we'd be discussing it any further
Bob mints token A, copies it and redeems it with the mint. Bob uses the copy of token A to buy apples from Alice. Alice sends apples over as she can see she received a valid token (minted from the same mint).
Alice goes to redeem the token copy and gets a "token already redeemed" from the mint.
Maybe it's not exactly double-spending, but it permits some sort of fraud?
Otherwise, if you assume the tokens are redeemed (for BTC LN) automatically with the mint on every transaction, how is it better/more private than BTC LN alone?
Genuine question, I'm just a beginner trying to understand Cashu on top of LN
âď¸ FORT NAKAMOTO // DEPARTMENT OF DRIVE-BY OPINIONS âď¸
⸝
âBitcoin will never be a medium of exchangeâ
â guy who thinks Lightning is a Final Fantasy spell
â still waiting 3â5 business days for his PayPal refund
â canât define ecash but has strong feelings about it
Meanwhile:
⢠Weâre buying groceries with sats
⢠Sending value over Nostr like itâs AOL Instant Zap
⢠And doing peer-to-peer commerce while they write threads about why itâs impossible
Donât tell us what Bitcoin canât do while weâre literally doing it.
#FortNakamoto #MediumOfExchangeMyth #ZapAndShop #OpinionWithoutVerification đ°âĄď¸đ
Also catastrophically low T