17 sats \ 2 replies \ @jakoyoh629 7 Jun \ on: Ecash mints are just like the Fed's Repo Window bitcoin
Great post, very clear and easy to understand. I see great potential in ecash but the question of not being able to verify the amounts issued leaves me with a flea behind my ear.
As I wrote above, there is really solid proposal to fix this issue: https://gist.github.com/callebtc/ed5228d1d8cbaade0104db5d1cf63939
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It doesn't seem to be a definitive solution yet, but it's a way forward.
I would not use the word "proof" alone since it gives a false sense of security, because the exact value of the outstanding balance cannot be verified. What can be verified is that this amount is within a range.
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