@proofofsk8 refuted his argument on Twitter, and it deserves to be seen by more people.
π
1) nyms gain reputation the same as anyone else, by earning it
2) this argument is so tiring. users custody the ecash tokens. the mint custodies the bitcoin. it's not that complicated
3) writing down 12 words is not hard
4) honest custodians have massive incentive to run ecash
5) ecash does not prevent self-custody, it encourages it
6) FOSS devs *can*, *should*, and *must* work on a variety of projects for this bitcoin thing to work. you don't get to pick what they work on, they pick. improving custodians is massively important. maybe the #1 priority. View quoted note β
Keychat
npub1h0uj...rwx8
Keychat is the super app for Bitcoiners.
Sovereign IDs, Bitcoin Wallet, Secure Chat, Mini Apps β all in Keychat.
Sovereign. Security. Richness
Contact us for feedback π
https://www.keychat.io/u/?k=npub1h0uj825jgcr9lzxyp37ehasuenq070707pj63je07n8mkcsg3u0qnsrwx8
Enlarge the image and then scan it. Bots canβt scan QR codes yet.
View quoted note β
View quoted note βWhoever grabs it, owns it.
Or you could scatter ecash sats in your replies.
Mint:
https://8333.space:3338
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 View quoted note β
Scatter ecash Sats across the whole internet.
Keychat messages integrate information and value into one. 

Itβs time to learn more about free banking.
View quoted note β
Free banking - Wikipedia
When we started conceptualizing Keychat, we aimed to design a chat application that surpasses Signal. Our design process was divided into four steps.
First, Keychat addresses issues of user sovereignty. It opts to use Nostr public keys as IDs and Nostr relays for message transmission. Users fully own their IDs, which are not registered on any server. They can choose which relays to use.
Second, Keychat aims to solve the security issue of message encryption by implementing end-to-end encryption that ensures both forward secrecy and backward secrecy. Keychat implements the Signal protocol (X3DH and the Double Ratchet algorithm) on the client side without the need for a coordination server. Existing Nostr relays only need to handle the transmission of encrypted messages.
Third, Keychat tackles the problem of metadata privacy. A major issue with original Nostr DMs is that metadata is not only exposed to relay operators but also to other users. Keychat separates the sending address and receiving addresses from the ID, updating these addresses for almost every message. Thus, each Keychat message is nearly independent.
Lastly, Keychat addresses the issue of user payments and relay charges. Since each message is not linked to an ID, traditional payment models are not feasible. Initially, we thought of having relays issue one-time anonymous access tokens that users could purchase and use for anonymous pay-per-use. Later, we realized that using Bitcoin ecash as postage for messages would be a better solution.
Ultimately, we designed a chat application where users maintain sovereignty, messages are securely encrypted, metadata privacy is preserved, and the economic model is straightforward and reliable. View quoted note β
Users can mint ecash sats, ecash USD, ecash stamps, and more. Users would exchange Lightning Network sats for ecash sats, ecash USD, ecash stamps, etc.
Users can mint 10 ecash stamps at the mint with 1 LN sat. These ecash stamps are specialized, and the mint does not allow exchanging back from ecash stamps to LN sats.
For users, using ecash stamps rather than a subscription model can offer better privacy.
The mint only commits to users being able to use these ecash stamps to pay for services at any time, such as relay services.
The risk for users is that the relay service might stop before they use up their ecash stamps.
Users can mint 1000 ecash sats at the mint with 1000 LN sats. They can enjoy more private payments with these 1000 ecash sats, and the transaction fees are very low.
The mint earns a fee from these transactions. The mint commits to exchanging ecash sats back to LN sats on a 1:1 basis when users wish to convert their ecash sats balance back to LN sats.
The risk for users is that the mint may not have enough LN sats to fulfill the redemption, or may refuse to redeem.
Users can mint 7 ecash USD at the mint with 10000 LN sats. They can enjoy more private payments with these 7 ecash USD, and the transaction fees are very low; price stability might also be an advantage for some.
The mint earns a fee from these transactions. The mint commits to exchanging the ecash USD balance back to LN sats at the current market rate when users wish to convert.
The risk for users is that the mint may not have enough LN sats to fulfill the redemption, or may refuse to redeem. View quoted note β
But what if relays issue their own specialized ecash stamps? Users would purchase these ecash stamps from the relay using Lightning Network sats.
Isn't this similar to an App coin? It's inefficient for every app to issue its own specialized coin; we only need a universal currency: sats.
Relays should accept ecash sats issued by as many mints as possible and blacklist bad mints. View quoted note β
The vast majority of Bitcoiners are not programmers, but they understand the various macro-level designs of Bitcoin. Therefore, we continuously write notes here to help more people understand how a good chat application should be designed. Understanding what constitutes good chat app design does not require you to be a programmer.
This is also a form of "don't trust, verify."
Good money is important, and good communication is also important. View quoted note β