Oddbean

What about the stupid people who can’t use a cell phone to access banking. I wish there was a nicer way to say it but really about half the world has no access to technology and/or a credit card, Let alone an ecash wallet. You are designing something aimed at bankers.

Half the world is 4 billion people. If you can build something that improves life for half the world, that's extremely worthwhile. If benefiting half the world isn't a high enough bar for you, should we stop making bras and tampons and beard trimmers? I don't have much patience for naysayers. If you don't think something is worth building, fine, no one is forcing you to build it. What are you building? Or are you too busy whining online about people who are building things to do anything productive yourself?

Nowhere here did I say it is not worth building. It takes ten years to source an oil well, And 100 years to empty it. Cars are about 150 years old. I am simply looking at the advance of technology from both sides, The haves and the people who benefit most from technology, The have nots. It is easier to convince rich people to live poorer than it is to convince poor people to continue living poor. There is just a few elements missing from connecting the unbanked with the modern world, And I feel like we should be designing these products with this in mind.

Disagree with your premise on convincing poor people to continue living poor. Don't see how e-cash isn't a big step forward in connecting the unbanked to Bitcoin. It's accessible to anyone with a smartphone, which is a huge and rapidly growing population. Besides that, e-cash seems like the solution to physical cash on the Bitcoin network, for those without Internet access. I'm not technical enough to design it, but the fact that e-cash can transfer offline with a QR code means the QR code could be printed on a physical note and transferred person to person. I'm imagining some system of printing the QR code in a way that couldn't be scanned without permanently destroying the note. That way it could be used peer to peer without an internet connection and as long as the note is intact the e-cash is valid. But anyone with an internet connection who wished to could destroy the note, scan the QR, receive the e-cash, and redeem it for self custodial Bitcoin at any time. Something else for @calle 👁️⚡👁️ to create in all his spare time 🤣

What concepts? I'm talking about physical cash, paper banknotes, Benjamins. You're saying people without Internet don't understand the concept of cash? I don't have a patronizing attitude toward people just because they aren't able to access or afford modern technology. People all over the world know how to take advantage of USD cash. If they had access to BTC cash that held value against their local fiat scrip as well as or better than the USD, and was also universally accepted by local money changers like USD cash, I'm sure most people would be capable of grasping that concept.

There are places in the world where people still use natural resources more than fiat currencies to transact. In Sub-Saharan Africa a grandmother will grow a crop of tomatoes to trade for two chickens and 40kg of rice. She will earn 1.50$ per day otherwise. It would be great for her to use e-cash to make those transactions, But a 100$ smartphone is a serious investment for an elderly woman who relies on her 8 grandchildren to help her along in life. I am just stating it is worth doing some market research to find real world use cases.

note1hjgygm7qywfq984sp3jhpc33l3v6m97lhqfnrkrqp6cg4sntjdcsfvhpw4 If people are still using barter, that's fine, they don't need money. If they do need money, I'm suggesting e-cash could be converted into PHYSICAL CASH. I don't know how to be more clear, you don't seem to be reading my words. PHYSICAL CASH. PAPER BILLS. I'm not suggesting an African grandmother needs to buy a smartphone. You're the one implying that e-cash isn't worth developing because you need a smartphone to use it. I'm the one arguing you might not need a smartphone to use it.

No really, People with money are too consumed by convenience to use anything not built for them, And people without money have a lot of catching up to do just to make it to consumerism. Cashu and enuts are great financial technologies, But even rich people are too dumb to use them.