Yes. Ecash is for payments. Not sure what I missed there.

Lol. You don't even understand the players in the ecash game you FUD. Calle does Cashu ecash, which is not federated.

Keep it coming. Do you understand how blind signatures work? If you do, explain to me how ecash is bad.

So your funding is from bankers, ACK.

The mints interop over lightning or on-chain or not at all. describe nearly perfect, please. admittedly, LN is not my forte so am happy to be educated on it's privacy. iiuc, it's prvate for one side of the transaction, at the moment.

> For custodial privacy it requires a large anonset

Again, please show me where in the blinded signature scheme that privacy is broken. Stop making vague assertions and show me the math and/or code that breaks the privacy of ecash.

Anonsets are a factor when the underlying mechanism can be tied to transactions. you might be able to trace my UTXO or LN payment into an ecash mint, but please tell me how you can determine what is my ecash after that?

for argument sake, say 5 people have entered into an ecash mint, all via Lightning.

You receive an ecash note in a DM from a random npub, please explain to me how you know who it's from, or where the sats originated from.

> account databases on home nodes

Why do you need accounts? what happens if the node is compromised? data leakages never happen, right?

> retarded mobile nodes

i know nothing of the technicals of mobile LN nodes so cannot comment but that's outside the argument at hand, imho. mobile nodes can gtfo for all i care.

> Mints have to be online too.

yes, but not for users of the mint to transact. you can swap ecash offline and later check in with the mint to redeem.

This is nostr, we are not limted by character count, do better with your arguments.

Not sure what NGOs you're referring to? I received an OpenSats grant, do you want OpenSats to pay for your flight?

Bitcoin 2024, I assume you're there?

> banker NGOS

Aren't you Wolf funded? Run by... career Goldman Sachs people. Hypocrite.

> "trust minimized"

i am not a marketer so carte little for copy material, so sure.

> new shitcoin

ecash is not new. pegging ecash to bitcoin is new. have fun scaling lightning, i hear it's a breeze and totally not hard to do.

> false privacy claims

Do you have any evidence of this? the code is open source, as well as the cryptography the code implements. Please enlighten me how blinded signatures are not privacy preserving.

> solves networking challenges

like paying people offline? how solve?

Let's take your arguments deeper to really understand them.

lol this man is on an anti ecash crusade and I'm enjoying it (because he's not making any sense whatsoever).

He can debate me on an open stage instead of larping for engagement without anyone to call out his bullshit. Let's do it bro.

The way things are shaping up, I think the story arc for this next cycle or two will be:

-A lot of altcoin VC money flows back into the Bitcoin ecosystem, builds a bunch of bubbles in startups based on too-early tech and broad speculation, and gets washed out when that tech takes longer than expected to mature. Additionally, a lot of the capital will get pulled toward speculation/trading of tokens on top of Bitcoin and blow up from that direction as well.

-Then after it washes out, there will indeed be some good mature utility-focused tech that emerges out of it that makes Bitcoin's layered stack better and more user-friendly. Bitcoin, both as sound money and to some extent as an immutable truth layer, emerges stronger.

No, it’s generic (for on chain), but for lightning you need a static invoice, so BOLT11 won’t cut it and you need BOLT12.

I think probably 95% of ppl will use CBDCs. They simply don’t give a fuck.

i see, you can back that up with some investigation then i presume

If a Bitcoin L2 solution has a token attached to it, and the team is using it as a fundraising method along with some tokenomics, be careful; these are scams trying to profit from less knowledgeable people. The actual L2 solutions, like the Lightning Network, have no token; all you use is Bitcoin.

your argument seems to be that you can't run the internet without professional, educated asshats in data centers

or what

you are just a troll, good bye

i think that since you are comparing apples to oranges what about instant messaging clients on phones

sure, most of them use servers

but keet.io you only need to be running the client on your desktop and it picks up your messages and your phone can grab them too

for group chats anyway, i don't think they have (nor simplex) made it easy to share identities but with nostr i could do that tomorrow if i could throw together a quick GUI for a nostr chat client, it's beyond easy on the protocol level

i just osted a screenie of my relay's current memory usage, it's less than an average web app

so yeah... actually, things have progressed a long way since it was necessary to have hosting to run peer to peer services