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10 sats \ 0 replies \ @m0wer 12h \ on: The War on Bitcoin Privacy | Calle - What Bitcoin Did podcasts
This video made me realize the case for ecash for the first time.
After all, Bitcoin (sovereign) adoption is the same as other self-hosted stuff - the tech person in the family/friend group runs it for everyone else. Like how someone sets up Jellyfin and everyone just uses it.
For Bitcoin payments, I run LNbits and give family and friends accounts to pay each other and the outside world through Lightning Network. But here's the thing - for a media server, nobody cares about privacy. Not so with money. Having one person see all transactions is trickier and with larger user bases it might become appealing for “authorities” to capture.
That's where eCash clicks. If it's going to be custodial, at least let's make it private. As a node runner/service provider I have peace of mind. The users get functionality and privacy. And the trust issue is “solved” because users personally know the node runner.