0 sats \ 1 reply \ @Scoresby OP 28 May \ parent \ on: Why can't you buy ecash from a Cashu mint? bitcoin
What if SN allowed you to sell your cowboy hat to another user for sats? This would be a sales transaction.
Now what if SN offered to buy cowboy hats from users at a 1-to-1 value with sats? Would that be a sale or a redemption?
And if SN sells us all ecash tokens to use on this platform, but then promises to buy them back for 1 sat each when we leave, are they like chucky cheese tokens and casino chips or like a deposit?
My interest is entirely in trying to understand if custody is actually what is happening here or if it is something else.
In the case of ecash, I think it is much more like a sales transaction than a deposit. I'm curious if something similar can apply to SN.
I don't see how that argument stands up, digital goods are sold all the time, ebooks, courses, advertising inventory, streaming services, gaming, in-game currencies are already a thing and I just see them applying that logic
I don't get how masking balances or adding an IOU layer changes the fact that transactions are performed and that sats are held in a multi-sig or LN channel, where someone holds the keys, just sounds like a loophole that has already been closed
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