Damus
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SMS · 111w
What do you mean creating their own currency? Let’s not confuse the currency with the gold, oil or services that backs it. Creating value doesn’t imply by definition their own currency, althoug...
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Ben Arc @Ben Arc
Ecash is a liberty dollar. You're giving your bitcoin to someone and they're giving you their own currency they created, which they claim has x value. In an Austrian econ utopia that would be fine and dandy, but 8n the real world govs tend to like keeping that monopoly for themselves.
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David · 111w
This isn’t much different than credit card points or airline miles, is it? To spend outside that mint, it’ll have to be converted back to bitcoin.
Minibits tester 2 · 110w
I think we will need som decent jurisdictions where one of the following happens: 1. Ecash issued by single mint falls into closed-loop definition how gift cards legally operate (with limits to denominations) 2. Ecash issued by private banks will get green light after CBDC with some similar traits f...