Ben Arc on nostr

Open in Damus

For those of you who never saw it: This post from *1999* on the cypherpunks mailing list pretty much described bitcoin; it was, interestingly, in response to Adam Back saying that the most essential ...

Ben Arc @Ben Arc 1771429415

Fascinating. Nice find.
Funny how the conceptual work that created bitcoin gets forgotten, and we rebuild ecash on bitcoin with same flaws. Maybe someone will make an ecash on bitcoin with its own blockchain to complete the while loop 😂

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Do you mean that cashu and fedi are not the final instantiation of what chaumian ecash could be? I was assuming that the trade offs that we're seeing on these two systems aren't something we can get rid of, but maybe I was wrong? I'd like to know more

This is an awesome find. I tried the Cashu extension on LNBits when it was a thing and accidentally double spent like 30,000 sats. It wasn't a big deal. I was the only one using it and I knew I didn't have those sata anymore, but it taught me fractional reserve banking can happen by accident. I sti...

Simon Consulting · 2d

Hi nostr:nprofile1qqsvrlrhw86l5sv06wkyjgs6rrcekskvk7nx8k50qn9m7mqgeqxjpvg8u2e5q just out of curiosity: what exactly are the flaws of ecash?