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40 sats \ 6 replies \ @Coinsreporter 4 Jan \ parent \ on: NFL Weekly Pick 'em- Week 18 Stacker_Sports
By UPI system I meant the tech behind it. You won't get it because you'll associate it with fiat directly or centralized authority straightaway, which you're doing right now.
I meant someone (who can) should study UPI tech and see if that can somehow make lightning tech more convenient so that it can be accessed by all, no matter how educated or technically sound they are.
You won't get it because you'll associate it with fiat directly or centralized authority straightaway, which you're doing right now.
Of course I will, anybody should, because that's how it works.
That's also why you don't understand that there is nothing to study, everybody knows how centralized payment rails work. They use ledgers in databases. That's incompatible with bitcoin which uses a blockchain.
What you're saying is like saying bitcoiners should study how money is printed because the government can't bail people out by printing more bitcoin on a bitcoin standard when bitcoin was literally invented to stop printing money and bailouts.
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No, I'm not saying that. Instead I'm just saying that may be there's something in the UPI tech that will help to bridge the gap from being excessively inconvenient to convenient LN transactions for all.
A tech where everyone, irrespective of technical knowledge, can transact in Bitcoin.
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Is ecash bitcoin? Or related to Bitcoin?
I've just listened the name so far.
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One could describe it as shitcoins backed by bitcoins
Here's a lot to read about them from @Scoresby: https://bitcoinscoresby.com/ecash/
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I see.
I'm concerned about tech but not as much that I would try these unsecured tokens or nuts (as it's called I guess).
My main motive is to hand everyone something that's bitcoin, that's super convenient, user friendly and doesn't require much tech knowledge.
For now I'm looking into the custodial wallets. Yes, some of them are super handy for smaller amounts but when someone has stacked more, he needs to look beyond them.
All around me, I see people using UPI but when you tell them that they can be their bank, they become afraid of losing money or sometimes they hardly get it, when they are told about Bitcoin, seed phrase, lightning, nodes, etc etc.
By suggesting ecash do you mean Lightning will never be easier for non tech savy or uneducated ones?
If that's so, how can we imagine broader adoption for Bitcoin?
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