no bro, ecash replaces actual custodial in lighting network with a better private service, it has his tradeoffs and is a custodial solution for low amount.

It's a layer over bitcoin that laverages the value of bitcoin utxos and doesnt scam people crating a new insostainable digital value trending to zero over time (like shitcoins) and it doesnt require on-chain swapping. It could provide real utility if adopted for a private cash-like hot wallet use case.

Whats the use case of monero? Attending that the money vanish going to zero? Attending that the next hard fork will end it at all? Swap periodically in bitcoin, so paying in the end more on chain fees? Or attending that finally monero is adopted and people really start using it; oh whait, at this point the 16 signs per tx would explode the utxo set and grow the blockchain making it unverifiable with normal PCs... Hopefully to solve that the guys are rushing for the next non-retrocompatible consensus hardfork full of experimental stuff that will be absolutely bulletproof to bugs and unintended conseguences, like the last great idea of p2pool and splitting miner payments in so little tranches reducing the anonset of transactions even less then before if it was possible...

client side scanning.

Whatsapp is closed source, and could implement a switch that can be remotely enabled by them that makes your client to start scanning your messages + upload plain text messages to their server in case it reveal some particular words.

Just a possible example of a backdoor well obfuscated in binary release that doesnt deal with crypto. This backdoor with open source and reproducible builds would be pretty impossible, but with closed source complex apps it is realistic and possible at least...

this is marketing bullshit, it is a centralized shitcoin with zero anonset and bad tradeoffs.

Greedy people holding monero in the expectation than people will use it in future and be at the base of the piramid are already loosing money and will continue to loose money.

I frankly used monero and I used to think it was special and cypherpunk, it takes time to me to understand why it is just another shitcoin and that there's no second best.

this is what I would reccommend to my worst enemy

F

"blockchain/CrYpTo world is the immunitary reaction of the fiat world to bitcoin".

Cit. The great nostr:npub1au23c73cpaq2whtazjf6cdrmvam6nkd4lg928nwmgl78374kn29sq9t53j

someone finally uses it revealing the tradoff are shit

arm socks runs more efficient just in some situations, they are often specialized, wouldnt change amd64 on desktop

no, its possible to backdoor apps in a lot of ways, not only faulted crypto implementations

yes my brother

the problem is that holding shitcoin is bad for you then you need to swap from bitcoin. Then every shitcoin tx need to consider bitcoin miner fees for the swap, or the price of holding the shitcoin and devaluing your funds.

Also very shitcoiner has a favourite shitcoin. There's no way to obtain a second shelling point that holds strong the network effect (monero is the n-crypto out there and "blabla people really uses it" is a narrative, the reality is pretty noone uses it). So adding shitcoins to your set of tools wouldnt be better for your trade because I domt want shitcoins pay me in bitcoin, other people would accept ethereum or bitcoin, other their shitcoin and bitcoin...

In the end shitcoins are tool that decrease efficiency of transactions wherethe scam is the only feature they really offer.

Fir ecash, scam is just one of the poasibility, hopefully the less interesting.

It can apply to a lot of use cases, the barrier to mint is to low that ones could imagine even platform-specific mints like a online poker that emits his fiches as ecash, or a subscription based service that emits ecash that can be redeemed for "some time of the service".

There are even pure-technical utilizes, like the new wasaby coinjoin where a form of ecash is utilizes as token in the process.

Also the "uncle jim running a mint for family and friends" is a use case, in particular it is a good fit for fedimint.

I think also mints from companies/trusted-people from the internet could be successful; trust is the key in my opinion (at the opposite of bitcoin, in some ways...) but the amount stacked is so low (hot spending wallets) and the benefit of use it are so clean (offline capabilities, super privacy + all the benefit from using a custodial lightning) that it could scale well.

#ecash tokens have their utility and tradeoff (small hot wallet with offline capabilities and zero fees) monero is a shitcoin that still isnt collapsed on itself just because noone uses it

I have the exact situation, a zap has been completely lost from minibits. I don't have notifications active, so I can't even see it in the notifications (I see it just in amethyst).

they can set fees-in/fees-out. Basically the same incentives that runs wallet of satoshi, but with a far less resources investment needed (no need to maintain your client, or heavy infrastructure) and also less possibility to monetize (no ads in the app, no possibility to sell their company)...

In general it lowers a lot the barrier to run a custodians, so a lot of people can compete to offer the best mint and extract som profit in fees from it.

There will be absolutely rug pulls in the meantime :)

I'm become #cashu maximalist

this thing is beautiful😻

absolutely!

when I first discovered bitcoin was just a dumbass spending all the money that my parents gave to me in weed. You need to merit bitcoin i think...