Is cashu to bitcoin like the paper dollars were to gold in the free banking era? Mints are like banks, you can be rugged, they can run fractional reserve, they can shut down run away with the LN bitcoin that you deposited?
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Replies (5)
Yes
Pretty much, similar to a promissory note
Nice explanation!
Spot on! Keep a little bit of ecash on hand any pay privately 🍻
Thanks calle!
Yes, but the difference is you can choose other methods like ⚡️, or Fedimint, or unchain.
It's choices, made by you, not the Hierarchy