Tim Bouma on Nostr: In the end, ecash is just another payment mechanism that rides on top of ...
In the end, ecash is just another payment mechanism that rides on top of bitcoin/lightning. The user won’t actually care other than that they need to trust their service provider. What I am building just looks like another lightning wallet.
The big issue is that there is indeed another layer of trust for ecash and that layer needs to be rock-solid before it goes operational. I am also mitigating the risks on that layer by storing everything on relays that can be independent of the custodial service. I have everything working, but it will be several months, maybe even a year before I have something that I would be comfortable certifying as a service. Once I get to that point, I will be pursuing interested parties that might want to be operators.
The big issue is that there is indeed another layer of trust for ecash and that layer needs to be rock-solid before it goes operational. I am also mitigating the risks on that layer by storing everything on relays that can be independent of the custodial service. I have everything working, but it will be several months, maybe even a year before I have something that I would be comfortable certifying as a service. Once I get to that point, I will be pursuing interested parties that might want to be operators.