lonecoiner on Nostr: The selling point isn’t privacy. The selling point is not everyone on earth will be ...

The selling point isn’t privacy. The selling point is not everyone on earth will be able to have their own UTXO’s or lightning channels. Mints will have lightning channels with other mints. Most users will use e-cash and very rarely or never touch the main chain. Additional privacy is just icing on the cake.

I think of the main chain like wire transfers, lightning for settlement between banks (mints), and e-cash like dollars that show up in your banking app. They’re kinda like IOU’s but you can peg out to the main chain if you really want to.

You should try to wrap your head around e cash.