Ov1, a Taoist Bitcoiner on Nostr: Likewise, eCash exchanged between already known and trusted parties with either ...
Likewise, eCash exchanged between already known and trusted parties with either temporary or ongoing relationships also is an acceptable risk scenario.
For instance, settling of payroll accounting between employees/employees, as well as, ephemeral market cash bearer instruments purchasable & redeemable at the entrance of private poker clubs (i.e. LN redeemable eCash Casino Cards/Chips/NFC tags). In both those instances, The House/Company has a reputation to protect & Users know who the Mint is and already trusts them to maintain an internal ledger of custodial funds. No new risk vectors are created and liquidity as well as redeemability becomes more convenient for both Users and their Hosted Mints.
For instance, settling of payroll accounting between employees/employees, as well as, ephemeral market cash bearer instruments purchasable & redeemable at the entrance of private poker clubs (i.e. LN redeemable eCash Casino Cards/Chips/NFC tags). In both those instances, The House/Company has a reputation to protect & Users know who the Mint is and already trusts them to maintain an internal ledger of custodial funds. No new risk vectors are created and liquidity as well as redeemability becomes more convenient for both Users and their Hosted Mints.