zap.store is on track to replace my Obsidian setup way sooner than I expected. I absolutely love it.
Really like plebianmarket also. Nostr based stores seem to be the future!
But what else will retired old white men from the establishment do with their lives?!
Was just thinking about designing a new pcb board today.
No. I am arguing that ecash fits a niche group of people technologically adept enough to use ecash effectively. Not that it is not worth developing, That it has an extremely small market fit.
There are places in the world where people still use natural resources more than fiat currencies to transact. In Sub-Saharan Africa a grandmother will grow a crop of tomatoes to trade for two chickens and 40kg of rice. She will earn 1.50$ per day otherwise. It would be great for her to use e-cash to make those transactions, But a 100$ smartphone is a serious investment for an elderly woman who relies on her 8 grandchildren to help her along in life. I am just stating it is worth doing some market research to find real world use cases.
Disagree with your premise on convincing poor people to continue living poor.
Don't see how e-cash isn't a big step forward in connecting the unbanked to Bitcoin. It's accessible to anyone with a smartphone, which is a huge and rapidly growing population. Besides that, e-cash seems like the solution to physical cash on the Bitcoin network, for those without Internet access.
I'm not technical enough to design it, but the fact that e-cash can transfer offline with a QR code means the QR code could be printed on a physical note and transferred person to person. I'm imagining some system of printing the QR code in a way that couldn't be scanned without permanently destroying the note. That way it could be used peer to peer without an internet connection and as long as the note is intact the e-cash is valid. But anyone with an internet connection who wished to could destroy the note, scan the QR, receive the e-cash, and redeem it for self custodial Bitcoin at any time.
Something else for nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg to create in all his spare time 🤣
I suggest you spend some time in a place without internet or smartphones to get an idea of the challenges around introducing these concepts to people without these modern solutions.
Nowhere here did I say it is not worth building. It takes ten years to source an oil well, And 100 years to empty it. Cars are about 150 years old. I am simply looking at the advance of technology from both sides, The haves and the people who benefit most from technology, The have nots. It is easier to convince rich people to live poorer than it is to convince poor people to continue living poor. There is just a few elements missing from connecting the unbanked with the modern world, And I feel like we should be designing these products with this in mind.
No really, People with money are too consumed by convenience to use anything not built for them, And people without money have a lot of catching up to do just to make it to consumerism. Cashu and enuts are great financial technologies, But even rich people are too dumb to use them.
What about the stupid people who can’t use a cell phone to access banking. I wish there was a nicer way to say it but really about half the world has no access to technology and/or a credit card, Let alone an ecash wallet. You are designing something aimed at bankers.
Such a juxtaposition of the cleanest mob family vs the dirtiest mob family.
You have got it all, But you still are not wealthy.
The computer is my slave. Tick tick next block motherfucker.
Two people who like holocausts, Criminals and dictators.
Saudi Arabia real quiet rn.
Homeless people: Can’t live with em, Can’t kill em.
I have heard aloe plant gel, The stuff you use for a sunburn, Works really well for rooting.
