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what is being built is being built for transactions
not for saving
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Please let me reframe that:
What is being built is for people who are/will be too poor to open a lightning channel.
Lightning already works perfectly for transactions.
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everyone on earth spends money
if you listen or read calle's posts its always about transactions
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Or too cheap to open a lightning channel
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it's more:
for people who want privacy, offline tx, or programmable money
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and if you don't like mints, don't use them
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you are totally right and we are all responsible for educating users about this
ecash is for spending, just like starbucks vouchers
don't keep all your ecash on one mint
for saving, you use your own mint, or swap out to on chain
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I agree. The point I am trying to make is that mints are not self-custodial. You are giving away your precious sats in exchange for eSats issued by the mint.
My understanding is that back in the day private banks would eventually end up rug pulling their customers, which led to the creation of central banks. It looks like these mints might end up the same way. I am not enthusiastic about mints.