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0 sats \ 26 replies \ @justin_shocknet 29 May \ parent \ on: Why can't you buy ecash from a Cashu mint? bitcoin
He posted in the Bitcoin territory and used Wallet of Satoshi as an example
We already determined this should have been posted to ~lol because his point is ridiculous
I hardly conceded the point. I said suggesting that I post it in ~lol was a good comeback (which it was).
I do think we pretty much exhausted your line of reasoning. You don't believe ecash is any different than an SQL database.
While I agree that you can be rugged by the mint, I don't agree that the mint has the same level of insight into the ecash transactions that happen between users of the mint.
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between users of the mint
Which we concluded was an appeal to mintstitutional use and has nothing to do with Bitcoin
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No, we concluded that people do not discuss the minimum anonset (number of unique users) necessary for an ecash mint's claims about privacy to be true. And it would be good if they did.
Nor did I say ecash has nothing useful to do with bitcoin. It is not bitcoin but may be useful to bitcoin.
You may have concluded these things but I am not convinced by the arguments you presented.
But it's related to bitcoin. It's a way to scale bitcoin and make it easier to use between people who trust the same mint. Just like using bank notes instead of gold in the old days when bank notes were actually good.
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Not any more than SQL is
Just like using bank notes instead of gold in the old days when bank notes were actually good.
They were never good, how exactly do you think we got central banking? By morons giving up their gold for bank notes.
Same will happen if we normalize mintstitutions over family nodes.
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They were never good, how exactly do you think we got central banking? By morons giving up their gold for bank notes.
When banks actually would give you gold back they were good. They were easier to carry and exchange.
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That's how the gold supply got captured
Mintstitutions will do the same