With eCash, users can withdraw their sats “offline” entirely. Once offline, they can be transferred any way you please.
With eCash, users can withdraw their sats “offline” entirely. Once offline, they can be transferred any way you please. You could send them over email or SMS. You could print them out in a QR code and pass them along in person. The possibilities are endless. The recipient can deposit the sats back “online” as soon as they receive the eCash, and withdraw them directly into any Lightning wallet. There does not need to be any traceable connection between the two parties to a transaction, which means that privacy can be very robust. There is one catch, of course: after receipt of the eCash and before depositing them back “online” to the Lightning network, the recipient needs to trust a third party server, called a mint. For that reason, taking received eCash back online should be done before providing any goods or services in exchange.
This post here #144105
Very interesting what P2P Electronic Cash System really is.
Stop with this nonsense
It's like saying because you wrote down your password on a piece of paper your stacker news account is offline
ECASH IS A SERVER AUTHENTICATION MECHANISM, THAT IS ALL
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I haven't used this yet. Question: If you take 10,000 sats offline, when you pay someone can it be a portion of that or does it have to be the full amount? Can you split it off into separate payments depending on a generated invoice?
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This is a really important feature of ecash the most people dont understand. Printing your own money (iou) and transferring it offline. And this is only the beginning.
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