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Fiat prints are essentially worthless tokens that hold no intrinsic value and are not backed by any valuable asset. The value of fiat currency is solely based on government control, manipulation and trust in the issuing authority. In contrast, ecash mints are precious tokens that are backed by the rare sats.
Ecash is issued in a decentralized manner, with the amount of sats backing its value determining its scarcity and worth. This makes ecash mints a more valuable and secure form of currency compared to fiat prints.
Ultimately, the difference between fiat prints and ecash mints lies in their underlying value and how they are issued. While fiat prints are essentially worthless tokens backed by nothing but the promises of a central authority, ecash mints derive their value from the scarcity and security of the sats backing them. The shift towards ecash mints highlights the need for a more transparent and decentralized financial system that can provide greater stability and trust for users.
@DarthCoin explains here:
Using Ecash is NOT the ultimate way of using Bitcoin! Yes, using ecash day to day payments is very useful and cheap, but please DO NOT keep all your sats into a Cashu wallet!
It's simple.
Ecash is the better option. Fiat is nowhere close to Ecash or similar to it.
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Stop shilling this nonsense. Nothing in cashus protocol guarantees the backing. They are based on trust into decentralized and often anonymous entities. One should not hold cashu tokens for longer than a few seconds after receipt, but deposit immediately back into their mint in exchange for a regular lightning payment. In such a short time horizon government cash won't lose any value and is a preferred means of exchange.
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