Damus
Beiner · 138w
VEry important its not bitcoin. https://nostr.build/i/a09adf94a0e17e0aa934c1221cd5153f68a77045ff063ab23bcb02513613f7ef.jpg
BtcPins · 138w
There is no guarantee that it is 1:1. I can send Bitcoin to a mint to create ecash, then withdrawal the Bitcoin from that wallet without effecting the amount of ecash. Then it is backed 0:1. You can still send the ecash to someone, but if anyone tries to redeem ecash for sats, it will fail.