bostonwine on Nostr: This is a good explanation. With the added benefit that the bank has no idea who they ...
This is a good explanation. With the added benefit that the bank has no idea who they owe the gold to, and if you pass the bank note to someone else and they redeem it, the bank does not know who was involved
Near total privacy for the eventual exchange of Bitcoin
You do need to trust the mint, but I like the example of Netflix, where you could trade some sats for ecash and then stream the eCash back per minute of video playback, with full privacy, or cash out when you’re done watching to redeem for Bitcoin.
Maybe
calle 👁️⚡👁️ (npub12rv…85vg) has a particular page or resource with more info?
Published at
2023-04-21 18:56:32Event JSON
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"content": "This is a good explanation. With the added benefit that the bank has no idea who they owe the gold to, and if you pass the bank note to someone else and they redeem it, the bank does not know who was involved\n\nNear total privacy for the eventual exchange of Bitcoin\n\nYou do need to trust the mint, but I like the example of Netflix, where you could trade some sats for ecash and then stream the eCash back per minute of video playback, with full privacy, or cash out when you’re done watching to redeem for Bitcoin.\n\nMaybe #[3] has a particular page or resource with more info? ",
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