Jonathan on Nostr: Random and probably inaccurate thoughts. The federal reserve dollar system including ...
Random and probably inaccurate thoughts.
The federal reserve dollar system including all fiat currencies and their transaction methods like fed wire, swift, visa, etc are one complete system and gonna be around for a bit.
Bitcoin and its transaction scaling methods like lightning and even non-federal reserve issued tokens as money seem to belong to another system entirely.
Self issued fiat like cashu or community issued fiat like fedimint not only exist outside of the federal reserve system, they also pose a far different risk profile then a legacy bank, exchange, or shit coins, and offer a very positive privacy benefit(not all dollars are the same).
For this reason I've considered the ecash protocols that integrate on lightning in the ethos of the new financial system. Not sure if I'm representing this correctly calle 👁️⚡👁️ (npub12rv…85vg)
The federal reserve dollar system including all fiat currencies and their transaction methods like fed wire, swift, visa, etc are one complete system and gonna be around for a bit.
Bitcoin and its transaction scaling methods like lightning and even non-federal reserve issued tokens as money seem to belong to another system entirely.
Self issued fiat like cashu or community issued fiat like fedimint not only exist outside of the federal reserve system, they also pose a far different risk profile then a legacy bank, exchange, or shit coins, and offer a very positive privacy benefit(not all dollars are the same).
For this reason I've considered the ecash protocols that integrate on lightning in the ethos of the new financial system. Not sure if I'm representing this correctly calle 👁️⚡👁️ (npub12rv…85vg)