I agree but they dont merit such semantic distinction from my point of view as they are irrelevant from a technical point of view I'd call them indistictively shitcoins and take them in the same trashbin
You can buy with fiat or exchange some other resources or work directly for #ecash, like you can use $ without depositing gold in a bank.
Then, when you exceed the amount that is ok to have in a bank you can buy some liquidity for a non-custodial channel by some provider and start your stack. If, at some point, you will reach an amout that have sense to detain in a on-chain utxo, you can swap.
Today bitcoiners joined ecash by the path:
on-chain ----> lightning ----> ecash
but in the future the path would be probably the opposite, and I think would be a good way to scale bitcoin adoption, with ecash neo-banks replacing old banks.
Today we choose bitcoin for his property as freedom money, in next years normies would choose ecash because it will be infinitely better and smarter then their fiat homebanking and credit-cards. Ecash will achieve this by:
1) basing on bitcoin and lightning as hard money instant inter-banking settlement, infinitely better, open, permissionsless in opposition to swift/sepa systems.
2) free banking, everyone with a laptop and some liquidity can be a bank. Market competition will bring us the best solution (that will build trust) and trash the worst (rug will happens).
I updated my reply with why I think is actually cool.
no, you dont id you cant afford: you can buy with fiat or exchange some other resources or wokr directly for ecash, like you can use $ without depositing gold in a bank.
Then, when you exceed the amount that is ok to have in a bank you can buy a some liquidity for a non-custodial channel by some provider and start your stack. If, at some point, you will reach an amout that have sense to detain in a on-chain utxo, you can swap.
Today bitcoiners joined ecash by the path:
on-chain ----> lightning ----> ecash
but in the future the path would be probably the opposite, and I think would be a good way to scale bitcoin adoption, with ecash neo-banks replacing old banks.
expressing in different words, an improvement is the possibility to delegate settlement of the transactions to mints, making it more efficient. Routing from a bank to another would be smooth, user would need to transact p2p in real life without need to think anything, its cash, it just works (unless it, at some point, will not work like when the bank is offline and so on... But this problem seems all solvable with time and developing new solutions)
yes, but no. I wouldnt have in any occasion more then 30000 sats distribuited across different mints, ecash dont replace self custodial lightning nodes to stack more sats, and even dont replace the onchain cold storage.
Frankly if one of the 3 mints rug my 10000 sats its terrible, but not so terrible.
Theres space for improvement in making proof of lyabilities easy and to implement some clean game-theory solituon to make the trust easyer to reach and avoid rugs (microfees and web of trust are a good starting point...).
most shitcoin have a chain so they can scam. They dont have any of the properties of bitcoin, but in a cargo-cult operation try to emulate the less scalable part of it.
Not having a chain to simulate to be a bit uncensorable like bitcoin unless being censored and rug is a good thing, theres only on timechain needed.
yeah, the only good thing a shitcoin can possibly do is not having a chain
and this is for anyone:
cashuAeyJ0b2tlbiI6W3sibWludCI6Imh0dHBzOi8vbWludC5taW5pYml0cy5jYXNoL0JpdGNvaW4iLCJwcm9vZnMiOlt7ImFtb3VudCI6MSwiQyI6IjAzNmMxMmY4Y2Y4NDA4ZjNmNjQ1ZDVjYjVkNDk3NDgyMTYyZTBmODRlYWYxMDMzMzI2MDc5ZTczMWQ2Yzk5OGE1NyIsImlkIjoiOW1sZmQ1dkN6Z0dsIiwic2VjcmV0IjoiNjNhNGQyNGYxNjU2NDBkZjBlYWY4Mzk3YzM5MWE2ZDFmODI0ODU4YzZjOTBlMGRiYmJlNTU3ZWY0OTI5YWI3ZiJ9XX1dLCJ1bml0Ijoic2F0IiwibWVtbyI6IlNlbnQgZnJvbSBNaW5pYml0cyJ9
If I understand how it works, this is for you:
cashuAeyJ0b2tlbiI6W3sicHJvb2ZzIjpbeyJhbW91bnQiOjEsIkMiOiIwMzNmYzI0YzRmMjRhNzkwMDZlYzJkZjQ1NGNjMTcwMDgyYmMzZGM3ODk2YWNkZjNjN2I3NTEyYzdjYmQ2NDcyZGYiLCJpZCI6IjAwZjY4NGU4YTFiYTg2OTYiLCJzZWNyZXQiOiJbXCJQMlBLXCIse1wibm9uY2VcIjpcIjIyYzE2MmViYzZiY2Q3OGY4NDk3NmY1MTMzNjMxNjg4MDBmNDM4ZTJmOTQwNTY3MzRkNTgyMDNlZjk1YmVhYzlcIixcImRhdGFcIjpcIjAyMmM3OWY5Y2U4ZGRmZmZjOTAzNjdkMTJmZjdhMDhkZDMyNGMxZTg5ZDU1YWQ5ZmIwNTc3OTE4NjU4MTlkZWY0YVwifV0ifV0sIm1pbnQiOiJodHRwczovL3N0YWJsZW51dC51bWludC5jYXNoIn1dLCJ1bml0IjoidXNkIn0
this is exactly how a custodian works. I WoS vanishes, all you have nothing at all of the promised sats.
I wouldnt use static linked big boy bins for webservices. If javascript is good for something, then go is not (and the opposite is probably true).
electrum does that, sparrow has the option to compose the tx to enanche a bit the privacy sacrificing some fees and does something like that.
similar to you, I've been a disaster not being able to follow the simple path to complete the studies and being trasported by what I felt was more important and being bored by academic programs. I felt wrong for years, unless the things I reteined important revealed to be actually important, and the things I felt was retarded revealed themself as being retarded. Today I feel blessed for what I am and what I obtained, I disciplined myself and I learn "how I work" and to double down on follow my feelings.
probably nostr:nprofile1qqs83nn04fezvsu89p8xg7axjwye2u67errat3dx2um725fs7qnrqlgpzpmhxue69uhkummnw3ezumt0d5hsftatcy is my favourite thing built on nostr, it became my main source for apps