What is Nostr?
w3irdrobot
npub17q5…6f2y
2024-02-05 14:37:07
in reply to nevent1q…fpvz

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.
Author Public Key
npub17q5n2z8naw0xl6vu9lvt560lg33pdpe29k0k09umlfxm3vc4tqrq466f2y