17 sats \ 4 replies \ @Scoresby OP 28 May \ parent \ on: Why can't you buy ecash from a Cashu mint? bitcoin
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.
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.
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When you transfer coins to an exchange to get your BTC balance equal to the deposit, are you selling the coins? The process of sending coins to mint is similar. The difference is that instead of seeing a balance on the mint, you get your balance in a different form, more similar to a text file. Hence why they could've chosen to describe it as a deposit.
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I don't think it is a scam. I think ecash is not bitcoin
The narrative around it is the scam
hoping some of the ecash people would jump in
Haven't gotten new talking points yet from their handlers
You'll notice the propaganda comes in waves, Articles and Podcasts all tend to drop in a coordinated fashion (look at last week)
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