Oddbean new post about | logout
 it's just **completely** backwards to say that ecash mints built on cryptography have _fewer_ rules than central banks. users of an ecash mint would be able to prove foul play like that, while "users of a central bank" have no way to prove if the bank is issuing more money "than it should" (the latter statement not even really being well-defined, that's how loosey-goosey it is over there).

I appreciate our disagreements most of the time, but if you start verging into low-effort troll comments I'm not going to have much to say in response. 
 > users of an ecash mint would be able to prove foul play like that

You literally said the only way to find out whether a token is redeemable is to redeem it. 
 And you said you knew how this worked better than I do.