Oddbean new post about login | logout eCash is kinda unnecessary. If you are taking on high risk anyway, super efficient centralized systems can do the job just fine. Bitcoin and the Lightning Network are next-level awesome.
Ecash is "super efficient centralized", so yeah.
Why do you think there is so much hype around specifically this centralised solution?
probably because it has best-in-class privacy and it's an open protocol with interoperability
The more solutions along the on-chain to on-the-exchange spectrum the higher probability that one can find the right risk/efficiency bin that suits their use case. The fewer bins, the more value goes in to the wrong bin, with a variety of negative down stream effects…
Interesting thought but I believe more options are always better than not
Fair enough! I will take it half back, then - will dive deeper into the protocol and see what it’s all about 😉