Damus
Hanshan · 1w
We'll certainly have Bitcoin banks its just the obvious ridiculousness of maxis arguing against trusting Uncle Jim or a paid service to run a node for you but then evangelizing FOR L3 banks run by ...
AU9913 profile picture
Small issue on your argument against ecash. The nym thing is only today bc of lack of regulatory clarity.

One family/neighborhood member running an ecash mint as a nym, but the members actually know the underlying person is a good model bc you can always go to their house and attack them if they rug pull, and considering a mint should never have more than a single bitcoin in it, I think that's fine.
❤️2
Hanshan · 6d
that's fine but the point is you can do exactly the same thing on L1 with bigger blocks. just instead of running an ecash mint you run a node. the main difference being you actually have basic L1 assurances instead of a Rube Goldberg machine you have to maintain built on top of L1.