w3irdrobot on Nostr: see, this is the issue. lightning *is* bitcoin. it is built on top of bitcoin ...
see, this is the issue. lightning *is* bitcoin. it is built on top of bitcoin primitives and at no time are you exchanging anything but sats. ecash is the opposite. it _can_ be backed by bitcoin, but there's nothing about it that says it needs to. it is supposed to be a a voucher for some amount of bitcoin but doesn't have a verifiable supply. so the value of it could fluctuate depending on the whims of the mint key holders. i'm not sure why it having a separate chain is what makes something bitcoin or not. if that's the case, then the dollars in my pocket are also bitcoin. i think that chaumian mints and fedimints more specifically are a great solution for facilitating quick, easy, and private payments between individuals. however, it has nothing to do with bitcoin from an end user perspective, and i feel that bitcoin should be completely removed from the conversation around it.
Published at
2024-02-05 14:37:07Event JSON
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"content": "see, this is the issue. lightning *is* bitcoin. it is built on top of bitcoin primitives and at no time are you exchanging anything but sats. ecash is the opposite. it _can_ be backed by bitcoin, but there's nothing about it that says it needs to. it is supposed to be a a voucher for some amount of bitcoin but doesn't have a verifiable supply. so the value of it could fluctuate depending on the whims of the mint key holders. i'm not sure why it having a separate chain is what makes something bitcoin or not. if that's the case, then the dollars in my pocket are also bitcoin. i think that chaumian mints and fedimints more specifically are a great solution for facilitating quick, easy, and private payments between individuals. however, it has nothing to do with bitcoin from an end user perspective, and i feel that bitcoin should be completely removed from the conversation around it. ",
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