"well designed" depends on your goals and use case
Major downsides of Ecash is that the underlying asset is custodial and Ecash reintroduces seigniorage (mints can print ecash on a whim). Bitcoins only major value props are destroyed. You bringing back trust and custodians.
With Monero you can have privacy without sacrificing custody or seigniorage
Ecash is also not exclusive to Bitcoin. You can have Ecash on Monero. It's just an IOU.
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2024-06-11 23:23:28 UTC
in reply to nevent1q…gx3q
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnSeen on
wss://offchain.pubPublished at
2024-06-11 23:23:28 UTCEvent JSON
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"content": "\"well designed\" depends on your goals and use case\n\nMajor downsides of Ecash is that the underlying asset is custodial and Ecash reintroduces seigniorage (mints can print ecash on a whim). Bitcoins only major value props are destroyed. You bringing back trust and custodians.\n\nWith Monero you can have privacy without sacrificing custody or seigniorage\n\nEcash is also not exclusive to Bitcoin. You can have Ecash on Monero. It's just an IOU.",
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