How can ecash holders verify that the mint fully & effectively blinded the signature?
If I'm selling you eggs in El Zonte for ecash, but we realise there's no connection to the mint after you've paid me (ie revealed the tokens) what happens?
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Replies (2)
I can’t speak to the first one
But the second one is not that different from the days of writing checks or the risk of counterfeit bills or the rare times when the credit card machine goes down
Social responsibility will always be part of the equation in any economy. Trust minimization is a good goal, trust elimination is a pipe dream
There’s still trust involved in the eggs not being rotten, for example
Second one isn't an issue with Lightning. No ambiguity. Either the payment is made or the payment is not made. None of this fuzzy awkward state where both people have seen the secret so nobody knows who has value.