Thought experiment:
- Be a completely regulated Ecash custodian
- KYC your customers as hard as you can
- Make them authenticate for every ecash transaction
- Log everything in your database
- Know how many users you have, and what their balance is
With all this, you can still have:
- Instant payments with zero fees
- Offline payments (no internet required for payer)
- Anonymous payers, authenticated receivers
- Programmable ecash (spending conditions)
Sounds like cbdc 😅
It's closer to Wallet of Satoshi than a CBDC.
Lots of policy options to be explored yet.
Ecash cbdc would be the most “honest” cbdc tho
Question: that heavy KYC apply only when those users are coming to join your mint, right?
So after they get the ecash and transact each others, the "minter" doesn't know anymore the traceability of tokens.
It is wrong this assumption?
that sounds right but im also an idiot
I believe so, as long as the mint is using an honest implementation of what we know as ecash.
Regulated Chaumian Ecash
While the custodian of the Ecash won't know who initiates a transaction, the custodian is responsible for making the transaction happen.
What's the right risk policy for the custodian to implement?
Customize it with Reflex 🏹
rpo.dev
nostr:nevent1qqs9eptzw766ww3dspgfuyxem3kq4j0y8zyks73yy9du8p3m36v2c6cpp4mhxue69uhkummn9ekx7mqzypgdjn7zmpvqc6ptqud9gtutrcc6yq9s2z96h9dr80hss4wl9qwkxqcyqqqqqqgncq9ef
I like. Where do I read up and sign up.
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