HODLÉire🇮🇪 on Nostr: Was thinking today about an opendime style physical representation of bitcoin that ...
Was thinking today about an opendime style physical representation of bitcoin that would be good for local in person small transactions. Paying in shops in person etc.
But if it’s small and can’t be redeemed on chain ecash fits the bill with similar trade offs? It’s bearer asset and private. Maybe for a more local bearer token, use ecash (credit union style federation?). Liquid for smaller international payments can be more internationally “trusted”. Then get as close to on-chain as possible for storing wealth and large payments? Like a spectrum of trust trade offs which would be the same trust trade offs as using other shitcoins anyway if bitcoin never changed.
I know liquid and ecash are shit coins but at least we get to use btc denominations. Covenants or block size increases can be argued about to increase base layer self custody in time.
All thought about on bitcoin talk in 100BC
But if it’s small and can’t be redeemed on chain ecash fits the bill with similar trade offs? It’s bearer asset and private. Maybe for a more local bearer token, use ecash (credit union style federation?). Liquid for smaller international payments can be more internationally “trusted”. Then get as close to on-chain as possible for storing wealth and large payments? Like a spectrum of trust trade offs which would be the same trust trade offs as using other shitcoins anyway if bitcoin never changed.
I know liquid and ecash are shit coins but at least we get to use btc denominations. Covenants or block size increases can be argued about to increase base layer self custody in time.
All thought about on bitcoin talk in 100BC