steepdawn on Nostr: Especially since e-cash is not even Bitcoin tech; it's just a protocol to issue ...
Especially since e-cash is not even Bitcoin tech; it's just a protocol to issue tokens. There is nothing that stipulates these have to be backed, let alone backed by Bitcoin.
It's just separate tech. Which happens to be affiliate with Bitcoin due to personnel overlap and two implementations (of many) chosing Bitcoin as unit of account
Published at
2025-01-19 16:44:15Event JSON
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"content": "Especially since e-cash is not even Bitcoin tech; it's just a protocol to issue tokens. There is nothing that stipulates these have to be backed, let alone backed by Bitcoin.\n\nIt's just separate tech. Which happens to be affiliate with Bitcoin due to personnel overlap and two implementations (of many) chosing Bitcoin as unit of account",
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