I get that it has a lot of promise but it is dangerous … my problem is that people are marketing it is as the next big thing. Because it’s cool and it’s the easy way of scaling but it will be a shitcoin on top of Bitcoin… Here is my perspective, I studied Celsius, Blockfi, Binance and although I was interested in them I didn’t touch them because I could see a very easy way of how it was going to go wrong, I see the same on e cash. In a perfect world it is amazing but it does not hold out with bad actors, human greed, and perverse incentives. And additionally it will directly impact Bitcoin if it fails. I would like to see if the programmers building it if in 20 years when they are tired of e cash and don’t want to work on it anymore and it blows up and they have the main players in e cash that have centralised by offering amazing deals and yield on top of Bitcoin that moved the poor people to their platform and this people get rugged how they are going to feel on the thing they built, or if they are just going to say it is the bad actors fault and it has nothing to do with them. I will totally support e cash if it is mathematically impossible to inflate the e cash. Until then I don’t trust it.
You're looking at it from the wrong perspective.
Ecash is custodial tech, and will (probably) always have the risk of inflation, rugpull and fractional reserve.
It's not bitcoin scaling. It's not a bitcoin replacement.
It's a replacement for the shitty custodial relationships that exist TODAY!
Everyone that is involved with developing any technology that is useful knows, that technology will be used for legitimate use cases AND abused for criminal activity.
Stop making developers researchers and inventors responsible for crimes commited using their technology, it makes no sense
how is it able to be fractionally reserved? https://bitcoinmints.com/
by issuing more ecash than in the balance, and lying about the numbers
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