Jedi on Nostr: What we really need is a trustless peg that works only with Bitcoin script. But this ...
What we really need is a trustless peg that works only with Bitcoin script. But this will require a soft-fork.
Ecash is custodial and important to understand that some custodian arrangements are better than others. Federations distribute the trust, which is better than a single custodian, but not nearly as good as decentralization with self-custody.
Published at
2024-04-19 08:27:58Event JSON
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"pubkey": "fe6104d291746db0132f54974e6d4331ced86f43fc00a75f592c1d20e1d22b8c",
"created_at": 1713515278,
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"content": "What we really need is a trustless peg that works only with Bitcoin script. But this will require a soft-fork.\n\nEcash is custodial and important to understand that some custodian arrangements are better than others. Federations distribute the trust, which is better than a single custodian, but not nearly as good as decentralization with self-custody.\n\n",
"sig": "138b0068923cba1e63edbd83ee5d6826776c70b69133e5414571fd96add05bc28acca458d218dd04d8b70ab96669eaae367974e4295486af37c91483ce491a5e"
}
