eCash is a concept for anonymous electronic cash. It's seeing a renaissance with Bitcoin as the monetary base (instead of fiat). You interact with a custodial mint and send your BTC (onchain or via LN) to a mint. The mint, in return, gives you eCash tokens. Those tokens can be redeemed by anyone at the mint for BTC.
In the case of the payment for silent.link, I handed ~15000 Sats in eCash tokens to the mint, and the mint paid a Lightning invoice on my behalf. The mint doesn't know who I am, so the Lightning payment is completely disconnected to any identity.
Hope that helps a bit.
Just paid for an anonymous esim from silent.link and paid via Lightning through eCash. 🥜 ⚡
How is your weekend going?
The latest paper by two "mainstream economists" working for the ECB has basically been predicted in 1988 already.
"The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers and tax evaders, and fears of societal disintegration."
It's once again mind-blowing how visionary the original cypherpunks were.
So instead of falling asleep over the ECB paper, read this: https://theanarchistlibrary.org/library/timothy-c-may-crypto-anarchist-manifesto
Had a blast at nostr:nprofile1qqsxhwmaw842y4zzzk580cfke4l5jr6xyh44v3v6pk59dnyzjm2a7vqcd5flv
Very happy I could snap a picture with the one and only nostr:nprofile1qqs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6ccpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9thwden5te0dehhxarj9ehhsarj9ejx2a30qyg8wumn8ghj7mn0wd68ytnddakj7xph5zr
eCash is 42 years old. Could it be the answer?
Now that's what I call a panel. 🤯 on different levels. Just nuts. 🥜 nostr:nprofile1qqsxhwmaw842y4zzzk580cfke4l5jr6xyh44v3v6pk59dnyzjm2a7vqcd5flv
