Some Nostr relays are now charging users via a subscription model using Lightning Network sats. For example, a user might pay 10,000 sats for three months of relay service. If these relays issue ecash, users can buy ecash with Lightning Network sats and then pay per use with ecash. Keychat Jun 3, 2024, 5:30 AM
I guess Cashu now supports decomposition down to 1 sat, and may allow for less than 1 sat in the future.… Keychat Jun 1, 2024, 2:35 PM
This is a guess. Suppose many Nostr relays charge a fee, requiring users to pay 1 ecash sat for each note they send. At the same time, many mints issue ecash, and these mints are more likely to opt for a model that allows for redemption back into LN sats. Keychat Jun 1, 2024, 1:44 PM
The mint I think. Ecash is a unique voucher that cannot be retrieved if lost, much like paper money.… Keychat May 31, 2024, 12:35 PM
Why I care about ecash Sats, in one line of text. 「Ecash Sats enable small, anonymous and instant per-use payments. 」 For example, they can be used as estamps for messages, with a payment of 1 ecash sat per message. Onchain Sats, LN Sats, centralized wallet Sats, shitcoins, Visa, PayPal, Keychat May 31, 2024, 12:31 PM
“Ecash is the purest/leanest form of money as data. It can probably not get any leaner than just a text string.” 👇… Keychat May 31, 2024, 8:02 AM
Good question. Keychat uses ecash sats as stamps for messages. Users do not lose privacy due to payments, and relay servers no longer need to rely on advertising models to make money. Onchain sats and LN sats cannot achieve this, making it the most suitable application scenario for ecash sats. Keychat May 31, 2024, 6:59 AM
You're giving up your Bitcoin to custodians for an IOU. Yes, we know this. Check below note: The "Ecash is self-custodial" argument is a misdirection. When someone says "Ecash is self-custodial," they are not denying the statement "You're giving Keychat May 31, 2024, 6:21 AM
