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franzap | 4 months ago (raw) | root | parent | reply | flag +1 
 that's cool

The free market do its thing

we will eventually see mint insurance schemes pop up
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jb55 | 4 months ago (raw) | root | parent | reply | flag +4 
 Yeah I’m just thinking of the mint I would feel comfortable using (but i run my own nodes so I don’t personally feel like I would ever use one)

If we don’t think about these things we risk rebuilding the existing systems. I don’t buy the argument that it’s all small amounts so it doesn’t matter. It’s small amounts until it isn’t.

I got into bitcoin for the sovereignty and self custody aspects, ecash is really cool as a technology but feels bad to push it to wider adoption. Feels like we are just giving up on self custody. I would like to see more progress on improving L1 script so we don’t have to go the ecash route.
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franzap | 4 months ago (raw) | root | parent | reply | flag +1 
 Yeah, really wish we had ecash UX with self custody. Hard tradeoff for now.

I don't think we'll rebuild the existing systems, imo it's worth a try
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Tim Bouma | 4 months ago (raw) | root | parent | reply | flag 
 I see ecash more as a payment instrument for high velocity transactions. Eventually the ecash ends up as a channel balance or UTXO. The mints will be forced to be near 100% reserved because of near perfect liquidity. They’ll make their money by increasing velocity thereby earning more fees.
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noisevault | 4 months ago (raw) | root | parent | reply | flag 
 Does not have to be all or nothing. But it CAN be if you like. The beauty of Bitcoin. 

What about federated mints? I could see those allowing for less centralization when used. Similar to liquid.
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jb55 | 4 months ago (raw) | root | parent | reply | flag 
 They are more palatable for sure