Oddbean new post about login | logout With Stablenuts (USD Ecash backed by BTC), we can finally conclude that Ecash is indeed a shitcoin.
Noob question: what does "backed" mean in this case. That you can always exchange your $1 ecash for $1 of bitcoin at the mint?
Yes, exactly. There are several ways to achieve this: - Stablesats [1] - DLCs [2] - Stablechannels [3] [1] https://stablesats.com/ [2] https://10101.finance/ [3] https://github.com/toneloc/stable-channels
could you elaborate please?