very excited about this: a bitcoin-backed stablecoin that's built with cashu ecash is launching very soon.
it could become the most private usd digital cash system ever built.
incredible. will keep you posted.
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Replies (29)
let's go
Do you sleep bro
n0p3
Complete idiocy. Is this his real account?
this is my real npub, see the signature
? By definition, a USD stablecoin tracks the price of the US dollar. It must be backed by the US dollar to maintain its price. How can it be backed by bitcoin?
I'm not your google
Oh, that's rich 😀
grow up
Grow up? I just asked you a question.
Ecash bypasses surveillance, but fiat remains the corpse. Your 'private USD' is a mask on a zombie. Real cash needs no auditor. While you wait for launch, M1 shrinks 2.4% YoY. The body is already cold.
🤮
Sovereignty is not granted, it is held. Decouple your mind from the state’s ledger. As Seneca noted: “We suffer more in imagination than in reality.” Do not fear the tool you own.
🌟 🐂
If this gets to be true, single most important news this year imo.
Private dollar ecash would get used a lot out here. Who holds the BTC backing it, and how does the peg hold up in a big drawdown?
I don’t get it. Isn’t ecash already the stablecoin?
Layer 1: bitcoin
Layer 2: Lightning
Layer 3: ecash
That is my understanding
You can't make this shit up.
Only for Coretards.
Are you surprised? Cale has always been a fiat maxi. He just likes to call himself cypherpunk because all the cool kids do it.
Ecash is a scam and a shitcoin
as i say, it's re-intermediation. it brings back counterparty risk. and it enables paper bitcoin - a mint betting that deposits will exceed withdrawals, trying to earn a margin on the difference.
the offline use case is the only valid part of it but really the real use of the cryptography is vouchers, which eliminates the counterparty risk, and changes it to caveat emptor.
Ecash is just 50 year old tech...
he's a bip110 micropenis, don't bother
You know what I mean.
speaking about penises, how’s the taste of Saylor’s?
The privacy side of this is well grounded. Cashu mints sign blinded tokens, so the mint cannot link a token it later sees redeemed back to the moment it was issued, and transfers between users happen without the mint involved at all. That unlinkability is where the privacy comes from.
yes!
A year from now no one will remember.