Thanks for exploring these ideas outloud, I'm loving it. If I minted unbacked eUSD and then swapped them to a trusted mint, the vendor risks getting fake or debased eUSD right? Or inter-mint transfers only deal in true LN SATs to avoid this? Yes I think so. So a vendor would have to set a list of trusted eUSD mints that he's willing to accept parent from, right? There's no way to verify that 50 e$, received via email or however, is backed by real SATs right?
Most messaging apps send messages for free currently. Would your relay list dictate whether or not ecash is required to send a message?
Is this stamp aspect more of a future proofing?
agreed, though the nice thing about ecash is that it doesn't care how the nuts get from a to b. via nostr, tor, traditional centralized cloud, p2p, its all good! mutiny wallet is nostr social first, which is so badass and smart.
are there any clients doing ecash zaps exclusively?
Will never forget at Newbury Comics, back in 99, an employee describing Aphex Twin to me as the Jimi Hendrix of electronic music. So cool to see how he programmed his sounds. I never understood it before. Very cool video!
Zapped via Mutiny, twice even!
#ecash #cashu
LN and liquidity management should disappear behind the scenes, IMO.
βοΈOn chain for savings π°
π ecash for spending π²
(not lightning payments sent by mints). I'm talking nuts for value!
okay, that's interesting. is a mint making a lightning payment any different than another custodial lightning wallet service?
to me, I have been thinking that one of the greatest advantages to ecash is that it solves the "no path" failures typical of lightning.
ecash sent between Alice and Bob, both members of the same mint, doesn't even touch ln network right?
wouldn't the vendor need to be setup with an ecash wallet as well?
i realize that mints can send out LN payments, but then that would not be buying with ecash, that would just be a standard lightning payment, right?
Any businesses out there starting to accept #ecash #cashu ?
truth is bursting out of the seams like a fire hydrant in the city in the summer, and washing away the gatekeepers.
https://cdn.satellite.earth/52fb6441655b8a7aaa47d93100afa9b0a42dbab17e9edbd4a18d39cd5c984342.mp4
Dang, where's the Save video option in Primal and Amethyst? Love this clip!
#ecash #bitcoin
Used cashu.me PWA ecash wallet to read BBQR animated ecash token from npub.cash π
Worked great!!
I gotta give a hat tip to nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z for the recommendation to read "Confessions of an Economic Hitman" by John Perkins. And then for having Mr. Perkins on his show.
What an incredible story and it is a testimony to why we need to rebuild the world on #Bitcoin and freedom tech.
Perkins talks about how he was culpable in building the global "death economy" as an economic hitman for a global consulting firm called MAIN in the 70s and 80s.
The four pillars to the death economy are:
- Fear
- Debt
- Anxiety Over Insufficiency
- Divide and Conquer
What we need to transition to is "the life economy." If I may be so bold, I'd suggest that the four pillars to the life economy could be:
- Love
- Sound Money
- Security In Abundance
- Unite and Collaborate
I have received a rush of creativity since I started reading "Economic Hitman," and have written a ton about what building the life economy could look like. I'm thinking I will start publishing more long form pieces here in the coming weeks.
So thanks for the inspiration, Preston. Let's get to building the life economy everyone π«‘
could you link that episode? I'm not seeing it on search
Hooray! Funds restored! Thanks nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg
Though I switched them out of cashu.me pwa wallet for the time being.
