steepdawn on Nostr: I know what ecash is, thx 😉 When the miner does work (submits shares), the ...
I know what ecash is, thx 😉
When the miner does work (submits shares), the pool/mint credits him with eHash tokens in his book.
They remain in the pool's book (custody), until the miner withdraws them; that can be once a day, once an hour, whatever.
My question was/is, how would the miner be able to trade this eHash token *when it is still in custody with this pool*??
He has nothing in hand, other than a promise (which he can't even prove). Who would trade for this?? They would trade for an IOU (from the miner) of an IOU (from the pool)
When the miner does work (submits shares), the pool/mint credits him with eHash tokens in his book.
They remain in the pool's book (custody), until the miner withdraws them; that can be once a day, once an hour, whatever.
My question was/is, how would the miner be able to trade this eHash token *when it is still in custody with this pool*??
He has nothing in hand, other than a promise (which he can't even prove). Who would trade for this?? They would trade for an IOU (from the miner) of an IOU (from the pool)