keychat on Nostr: The discussion about Bitcoin ecash is quite popular on Twitter. skwp tweeted, "I ...
The discussion about Bitcoin ecash is quite popular on Twitter.
skwp (npub1fqn…536l) tweeted, "I think we are on a trajectory to go back to community and free market banking but on a much better technological base with significantly better guarantees about the underlying money and substantially better guarantees about individual bank solvency and transparency. Ecash or similar on top of bitcoin and lightning. Hal predicted this." "Satoshi wrote about the problem of central banks. Hal and Szabo wrote about ecash. You can be your own bank. And you can be your own ISP too. Some people will choose to be their own bank or ISP. Others will get those services from those people. A layered approach with base layer decentralization and upper layer scalability is necessary."
LynAlden (npub1a2c…w83a) tweeted quoting, "What I envisioned for bitgold was a two-tier architecture. That you have bitgold as your settlement layer for large value transactions, and I was going to use chaumian digital cash which would give you privacy and efficient transactions at a retail level." -Nick Szabo, 2015.
Bitcoin allows us to have three types of wallets, not just limited to ecash wallets.
skwp (npub1fqn…536l) tweeted, "I think we are on a trajectory to go back to community and free market banking but on a much better technological base with significantly better guarantees about the underlying money and substantially better guarantees about individual bank solvency and transparency. Ecash or similar on top of bitcoin and lightning. Hal predicted this." "Satoshi wrote about the problem of central banks. Hal and Szabo wrote about ecash. You can be your own bank. And you can be your own ISP too. Some people will choose to be their own bank or ISP. Others will get those services from those people. A layered approach with base layer decentralization and upper layer scalability is necessary."
LynAlden (npub1a2c…w83a) tweeted quoting, "What I envisioned for bitgold was a two-tier architecture. That you have bitgold as your settlement layer for large value transactions, and I was going to use chaumian digital cash which would give you privacy and efficient transactions at a retail level." -Nick Szabo, 2015.
Bitcoin allows us to have three types of wallets, not just limited to ecash wallets.
quoting note1w7a…av2vMany people need three different levels of Bitcoin wallets: a self-custodial on-chain wallet, a self-custodial Lightning Network wallet, and a non-self-custodial eCash wallet. These three wallets work together for different scenarios. note120p…dtse