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0 sats \ 0 replies \ @allmightyrandom 27 Jun \ on: Bounty (33.333 sats): Design of a Poster Inspired by the Movie Independence Day builders
0 sats \ 0 replies \ @allmightyrandom 31 May \ parent \ on: Summarizing my thoughts on ecash bitcoin
Here the differences chatBTC gave me:
Purpose:
LNURL-w: Facilitates easy withdrawals from Lightning Network wallets.
Ecash Token: Provides anonymous digital cash-like transactions.
Privacy:
LNURL-w: Focuses on ease of use rather than privacy. Transactions are not inherently anonymous.
Ecash Token: Prioritizes privacy and anonymity through cryptographic mechanisms like blind signatures.
Transaction Process:
LNURL-w: Involves scanning a QR code to automate the withdrawal process from a Lightning wallet.
Ecash Token: Requires interaction with a mint to issue, transfer, and redeem tokens while maintaining user anonymity.
Trust Model:
LNURL-w: Relies on the existing trust model of the Lightning Network and its nodes.
Ecash Token: Trusts the mint to issue and redeem tokens correctly while ensuring privacy and preventing fraud.
Usage:
LNURL-w: Mostly used within the context of the Lightning Network for quick and seamless withdrawals.
Ecash Token: Can be used for various anonymous digital payments beyond just the Lightning Network.
These distinctions highlight how each system serves different needs within the realm of digital currencies and payments.
No, this is not the same.
LNURL is a HTTP request. Sure you can print a lnurl-w voucher on paper. But you still have the problem that the custodial sees everything and can even delete this specific request.
With ecash this is not possible. You can not destroy a specific token.
Iam not a lnurl professional, only using it sometimes so i can not explain the difference very well but i think others here can explain the difference.
If nobody answers open a neutral topic: The difference between Lnurl-w and ecash.
The problem is that Biden, Hillary, Clinton and all others are even more criminal.
But they work for the deep state, Trump is working for his own interests and is not part of the cabal.
Trump at least started no war. He only fired one missle to show strength.
Obama that got the nobel price for peace started the most wars:
Libyan War of 2011 and civil war of 2014 (The richest country in africa is still at war) This war destroyed the african union and created the biggest refugee crises this planet has ever seen.
War against ISIS in Syria, Libya, Yemen, and other nations. In fact they were supporting terrorists to fight these "regimes"and bombed regular armys and governments. Look at Syria, they bombed assad, not the terrorists,
War in Mali to help the french take control
War in Uganda to kill a terrorist (Joseph Kony)
War in Yemen
War in Somalia.
Still the most people think Obama is a good person and Trump not.
What the hell is wrong with mainstrem media and the most people?
69 sats \ 3 replies \ @allmightyrandom 31 May \ parent \ on: Summarizing my thoughts on ecash bitcoin
Not using custodial solutions is not a solution!
Sometimes it makes sense. Why you only see the negative aspect of custodial solutions? Iam willing to loose some sats i use for my daily spendings if i get more privacy and functionality.
With ecash you can literally print your own money (iou) and give it offline to somebody else. You can do it even physically by handing over a banknote.
You can even be in the desert without internet access or electronic device.
Covenants is another solution that does not exist yet. It also is a L2 solution.
Cashu does exist today and i would say it is a L3 solution and an improvement of custodial services that are being used since many years.
This is a really important feature of ecash the most people dont understand.
Printing your own money (iou) and transferring it offline.
And this is only the beginning.
We could do it like the american government:
-
Bomb Bitmain (like america does with states they can not take over)
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Import tax on antminers of 100% (like on chinese electric cars in us)
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Support the opposition
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Start a bloody revolution among Bitmain workers
...
Is self custody for your small money really so important for you?
Keep your live savings in Bitcoin, use lightning to spend some sat, cashu is only adittional and mainly designed to improve custodial lightning solutions.
I dont get it why you always shooting against cashu. It makes no sense.
You are intellignet, so my question is who pays you?
Do you have a better idea to improve custodial lightning solutions?
Why are you not working on the protocol to improve it?
I like https://chat.bitcoinsearch.xyz/
You can choose between different people.
This is a good vision. The first revolution in history without blood on the streets.
No leaders only ideas and code.
Build bottom up not top down.
Electric cars? If you wait a few years people will not even be able to afford a chinese car. They will be driving electric scooters you even can not sit on.
Look at europe.
Working class driving the same cars like 10years ago. Many of them are 20years +
A lot of people are buying used cars because they can not afford new cars. So the price for old used cars is even rising.
Newer cars have more electric and more problems because of stupid green engineering and useless new features.
If a family buys a 10year old car they need some money on the side for repairs but sometimes a repair is too expensive. So it is even better to buy a 20year old car that has less things to repair.
So who will buy a used ev in 10years if the battery is toast?
I think the working class will be driving 30year old petrol cars in 10years.
GENESIS