SUPERMAX on Nostr: As they have the power of the govt to do whatever they want at will, I'd say no; they ...
As they have the power of the govt to do whatever they want at will, I'd say no; they can issue & make whatever they want and name it whatever they choose.
It'd be a massive win imo if the govt. said "all dollars will now be ecash based on cashu & fedi protocols, backed by Bitcoin. Please spend just as you spend cash, no taxes&capital gains removed too"
The goal is anyone can be their own bank and issue their own ecash as they see fit;
Think of it like a credit of Bitcoin from your neighbor. Instead of him paying your lightning invoice because for whatever reason both of you are not connect to the internet (or your own local intranet), you can just take their ecash token.
When you get back on the internet, you immediately redeem is for lightning sats.
If the token says 'already redeemed, spent' or, 'no route for payment', etc., you have the right to call your neighbor out for lying to you & stealing from you. You won't engage with them again
It'd be a massive win imo if the govt. said "all dollars will now be ecash based on cashu & fedi protocols, backed by Bitcoin. Please spend just as you spend cash, no taxes&capital gains removed too"
The goal is anyone can be their own bank and issue their own ecash as they see fit;
Think of it like a credit of Bitcoin from your neighbor. Instead of him paying your lightning invoice because for whatever reason both of you are not connect to the internet (or your own local intranet), you can just take their ecash token.
When you get back on the internet, you immediately redeem is for lightning sats.
If the token says 'already redeemed, spent' or, 'no route for payment', etc., you have the right to call your neighbor out for lying to you & stealing from you. You won't engage with them again