It’s actually crazy that I can just randomly pay/tip Calle, without knowing his real name or business identity, and yet still know it’s actually him due to a self-organizing social graph. Ecash can make it even easier and more private. But the capability is already under-appreciated. image

Replies (22)

Lyn you zapped someone just to prove a point hahshashh Idk if that's how they teach ppl how to win an argument on the debate team! Hahahah
Fed aura, but privacy is privacy. Trailblazing with honeypots will have to do
Toby McMann's avatar
Toby McMann 1 year ago
What is crazy is that we have been conditioned to think privacy and sound money is out of reach.
Phil's avatar
Phil 1 year ago
You can just pay Calle
It’s crazy and at the same time, valuable. Because in an environment where people are idolized, and not their ideas; Nostr makes it possible to counter this sense - generating value for sharp ideas and thoughts.
Satking's avatar
Satking 1 year ago
a rebel’s dream,A ledger flows, a silent stream,No kings, no vaults, no gilded cage,A ciphered dawn on freedom’s page. Through blocks it builds, a chain of trust,Miners hum in clouds of dust,A puzzle solved, a coin takes flight,Power forged in endless night. The market sways, a wild ballet,Fortunes rise, then fade away,A hodler’s faith, a skeptic’s scorn,In Satoshi’s seed, a world reborn. Beyond the grasp of central hands,It whispers hope to distant lands,A currency of bits and will,Bitcoin climbs the endless hill.
Ecash is cool but the custodial stuff is a bit weird. I do wonder about a use case though where rather than relying on a separate mint, people instead run their own mints, so that instead of sending money to someone, you're sending them the equivalent of a check, which they can redeem from you at any point from your mint. I guess if you ONLY run a mint for yourself there's some privacy lost that way (though I might be curious about how easy that is to determine from the outside), but it becomes a two party transaction instead of a three party transaction, that allows you to just send money to anyone without having an address to send it to. I'd much rather trust the person trying to send me money (especially because I can verify before taking any other action anyway) than trust a third party they've suggested I trust. Guess it might be finally time for me to spin up a mint and see what all this fuss is about...
The Fed only mints reserves to buy debt the Treasury (and, in a limited fashion, for a short period of time, the agencies) have issued. Letting the corrupted government officials off the hook and focusing only on the Fed is a fool's game. One party transforms credit into "money," the other is the one that actually is expanding the broad money supply to spend on wars, surveillance systems, and gender reassignment surgery for rodents, among countless other things.