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50 sats \ 1 reply \ @OT OP 3 Jun \ parent \ on: Interesting Note by Waxwing bitcoin
The other vision for a world onboard and using Bitcoin is the lightning and ecash model with the base layer as settlement.
Waxwing's fantasy here sounds a lot more futuristic and foreign to me. Maybe that's because it's based on ZK stuff which I don't believe has been used much within Bitcoin so far.
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15 sats \ 0 replies \ @k00b 3 Jun
The "ecash model" has holes in its actualization path that I'm still waiting to see solved, ie a custodial anarchy so full of anarchist custodians that it is both perfectly anonymous and verifiable and distributed and free of centralizing network effects that it's "90% as good as self-custody with no Wallet of Satoshi disappearing act risks with better privacy." It's more wishful thinking than I'm comfortable with.
The ZK stuff feels a little too much like new, unknown magic to me too.
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