Wolfpy on Nostr: I get that it has a lot of promise but it is dangerous … my problem is that people ...

I get that it has a lot of promise but it is dangerous … my problem is that people are marketing it is as the next big thing. Because it’s cool and it’s the easy way of scaling but it will be a shitcoin on top of Bitcoin… Here is my perspective, I studied Celsius, Blockfi, Binance and although I was interested in them I didn’t touch them because I could see a very easy way of how it was going to go wrong, I see the same on e cash. In a perfect world it is amazing but it does not hold out with bad actors, human greed, and perverse incentives. And additionally it will directly impact Bitcoin if it fails. I would like to see if the programmers building it if in 20 years when they are tired of e cash and don’t want to work on it anymore and it blows up and they have the main players in e cash that have centralised by offering amazing deals and yield on top of Bitcoin that moved the poor people to their platform and this people get rugged how they are going to feel on the thing they built, or if they are just going to say it is the bad actors fault and it has nothing to do with them. I will totally support e cash if it is mathematically impossible to inflate the e cash. Until then I don’t trust it.