It's important to realize that ecash solutions will not only be "general use wallets" that can pay for anything, send money to friends, or buy a coffee.
Ecash systems will also be closed systems for media subscriptions, content monetization, VPN credits, paywalls, and ads.
Not as money, but as credit tokens. The web is huge.
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Wait until you realize that a nostr event is also a kind of ecash bearer token
Web is weird ๐
View quoted note โ
It is ideal for those close systems in a way "crypto" would never be.
But will the norm be ecash based on fiat pennies or satoshis or something else?
That literally depends on whether Bitcoin will win. Ecash is best on Bitcoin but in the end it's just an accounting method for already existing assets.
Ecash should also exist for fiat but fiat is full of gatekeepers.
Yes, I know an example of a company and product where the question was "should we use a privacy shitcoin or Cashu" and they decided it's going to be Cashu.
Is there any way to use the 55-bit ordinal space alongside the lightning network to lock specific onchain sats inside an ecash token?
Like a "fractional" uxto that is enforced by the lightning network?
Interesting. One UX hurdle is the lightning fee incurred when joining and leaving mints. If my sats are spread over too many corporate mints, i am held captive. Atomic swaps with no-fees should be possible between mint operators if they operate on a bitcoin standard
Could these be exchanged on sites like mostro or robosats?