The Rise of E-Cash: Maybe you don't need a Blockchain \ stacker news ~lightning

The Rise of E-Cash: Maybe you don't need a Blockchain blog.nicolas-dorier.com/posts/cashu/

2099 sats \ 6 comments \ @Rsync25 4 Sep lightning

Ecash isn't bitcoin but it also isn't the same as a centralized ledger. Dorier does a good job describing it as a third path: bearer assets.

42 sats \ 0 replies \ @art 4 Sep

I love this quote. Some things are very old things done new.

Equipped with a hammer, in search of a nail, it became clear to me that they didn’t really need anything that Blockchain was built for. In an effort to fit a square peg into a round hole, they invented the concept of Enterprise Blockchain, which was actually no different from any ledger system that had existed since Mesopotamian merchants’ clay tablets or an Oracle database. They decided the Enterprise Blockchain would be controlled by themselves. Every company with its own blockchain! Wow!

0 sats \ 0 replies \ @Solomonsatoshi 4 Sep

Isn't this what LN does?

0 sats \ 2 replies \ @south_korea_ln 4 Sep

Lots of insights in this blogpost by Nicolas Dorier... I usually like citing interesting snippets when an OP just posts a link without context, but I think it's better to read the whole post in this case.

21 sats \ 0 replies \ @brian_sabc 4 Sep

here's the one I liked: "Bitcoin uses the blockchain so other money doesn’t have to.."

0 sats \ 0 replies \ @OT 4 Sep

It did sound quite fresh didn't it.

I guess we might see the so called Cambrian explosion over the next few years and see what comes of it.