William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 6d
"Ecash got reintroduced with the two open source projects Fedimint and Cashu. In my opinion, the main reason for this revival is the following fact: Unlike an implementation of ecash in the fiat world, that would rely on the permissioned system to “allow” something like ecash to exist, bitcoin does not come with that limitation. The permissionless nature of bitcoin allows for these protocols to exist and interoperate with the existing bitcoin stack." — Gandlaf21 Can a centralized and custodial system like Ecash, which prioritizes user privacy, peacefully coexist with Bitcoin's decentralized and permissionless architecture? Or does it undermine the principle of self-custody, potentially luring users away from personally holding their coins? This examination dives into the advantages and disadvantages of Ecash, considering whether it can offer a more private and accessible experience for users intimidated by the intricacies of managing their own cryptocurrency, and what this might mean for the evolution of financial services. A more pressing concern is the possibility that Central Bank Digital Coins (CBDCs) or private bank digital coins may adopt the Ecash system, potentially leveraging its privacy features to create a more palatable and user-friendly experience for their customers. This could have far-reaching implications for the future of financial services, as it may enable traditional financial institutions to offer digital currencies that combine the benefits of cryptocurrency with the convenience and familiarity of traditional banking. The key issue is whether the integration of Ecash with CBDCs or private bank digital coins could coexist as a complementary solution that expands the reach and accessibility of digital currencies. As the financial landscape continues to evolve, it is essential to examine the potential benefits and drawbacks of Ecash and its potential applications in the context of CBDCs and private bank digital coins. Link to article: Ecash on Bitcoin https://primal.net/e/naddr1qvzqqqr4gupzp394x6dfmvn69cduj7e9l2jgvtvle7n5w5rtrunjlr6tx6up9k7kqqt52cmpwd5z6mmw94pxjarrda5kuttfwdc8v6t3tqxfp0
