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0 sats \ 8 replies \ @Scoresby OP 28 May \ parent \ on: Why can't you buy ecash from a Cashu mint? bitcoin
You didn't answer my question.
This whole post is about the confusion caused by the very thing you are pointing out.
It matters whether people say the thing is bitcoin or whether it has a claim on a certain amount of bitcoin or whether it is worth a certain amount of bitcoin.
I'm arguing that ecash should say it can be sold for a certain amount of bitcoin not that it has a claim on a certain amount of bitcoin. Users can then decide whether it is worth it to them to sell their bitcoin in exchange for the ecash.
You posted in the Bitcoin territory carrying water for scammers that equate it with Bitcoin
It offers no utility beyond SQL
Your obsession with internal transactions and account balances is only relevant if we're talking large KYC institutions debt notes, if those are your goal posts there's no reasoning with you
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Well, tony got rid of ecash territory. Where would you have preferred to see this posted?
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That's a great reply! I did consider ~mostly_harmless, but like it or not this is a conversation that is happening in Bitcoin and I think the SN users are wise enough to dismiss my post if it is wayward.
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Fair enough, will you make a new post that outlines how the ECash convo in Bitcoin is a scam?
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No, because I don't think it is a scam. I think ecash is not bitcoin. I think it is a different token you can choose to buy or not. I don't think that means it is a scam. This is exactly what I said in this post.
I was hoping some of the ecash people would jump in and explain the reasoning behind using a "deposit/redeem/custody" model rather than just selling ecash for bitcoin. I don't fully understand that.