I fully agree. I also now believe, thanks to talking to a few people and broadening my opinions on ecash, is that it's just a temporary holding. You shouldn't use it for large amounts or for large periods of time. Use it to peg in and out almost immediately. Could you still get rugged? Absolutely. But if you only keep your funds in the custodian for 60 seconds, you're probably going to be okay.
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What use case do you see for money which you can only hold for 60 seconds? Hot potato contest?