What is Nostr?
vnprc /
npub16vz…mhgd
2025-02-17 17:06:46
in reply to nevent1q…ag6r

vnprc on Nostr: Ecash lets the mint custody some value and issue a bearer asset IOU in exchange for ...

Ecash lets the mint custody some value and issue a bearer asset IOU in exchange for the custodied value. It's digital free banking. https://en.wikipedia.org/wiki/Free_banking

The hard money value is custodied by the mint. The bearer asset ecash token is custodied by the user. I hope that is clear.

In my model the pool runs a mint. They are one and the same.
Author Public Key
npub16vzjeglr653mrmyqvu0trwaq29az753wr9th3hyrm5p63kz2zu8qzumhgd