pull down to refresh

5 sats \ 4 replies \ @SwapMarket 3 Aug \ parent \ on: The cheapest Lightning setup that actually works (tested in Cuba) lightning
So, I pay you ecash offline for meat and the same sats to your neightbour for beer. Now you race who can settle it first when the internet is back. That is how it is supposed to work?
write
preview
0 sats \ 3 replies \ @OT 3 Aug
Fair point.
In a circular economy there's likely more trust in the community. Maybe ecash isn't the answer. Credit or bonds could also work if they know each other.
reply
0 sats \ 2 replies \ @SwapMarket 4 Aug
That's some communist utopia. I know many people around me, but won't lend money to anyone.
reply
0 sats \ 1 reply \ @OT 4 Aug
What I mean is this:
I run the local store and a local comes in to buy the usual bread and milk every fee days. Today he comes in but the internet us down. He takes the bread and milk and I write on the blackboard behind the counter that he owes me money for these items. Next time I expect him to pay.
This isn't a communist utopia. It's localized credit.
reply
0 sats \ 0 replies \ @SwapMarket 4 Aug
Yes, this works without any IT, if you trust him. Until he defaults and you have nothing to show in the court.
reply