kepford on Nostr: I'm still learning about eCash but this aligns with what I know about the various ...

I'm still learning about eCash but this aligns with what I know about the various implementations. I have also heard this from some of the people working on it. The honest ones. The issue in many things and also bitcoin is that people are lazy and mostly repeat second hand info and often incorrectly. These people will may pay a price for their mistakes.

quoting note1ctl…nzzv

So I hear I am an ecash hater?
To be clear, I love ecash, it has great applications, such as paid API calls like in Wasabi. The worlds soft currencies will be ecash, built on Bitcoin stack.
There is however an issue when 90% bitcoiners think ecash is noncustodial, pegged, see it as a "scaling" solution.
* There are no proof of reserve proposals that make sense, mints can always brr.
* Ecash is not a scaling solution, it's a custodial solution.
* You are giving someone your bitcoin, and they are giving you a thing they claim is bitcoin.
* Mint operators should be aware of the legal risks.