Semantics
eCash is a way to privately spend bitcoin you dumbfuck!
Keep making excuses for why Bitcoin is not money and have fun with Monero
Ecash is not bitcoin
Oh then what is it?
eCash is a bearer asset, you can make it with dollard also, how can eCash be bitcoin if you can make eCash with dollars?
All backed by bitcoin. No ecash dollars without bitcoin. GFY. HFSP.
Backed by a promise that the mint will not rug you because you cant audit it unless the mint is yours!
So you own zero sats in cold storage? Please be the first monero bro to tell me that you own no bitcoin whatsoever.
0 in cold storage, 4 sats in phoenix, and 6000 sats on eCash.
I respect you more than the other monero tards. Your conviction to being poor is strong indeed. Zapped you in case you change your mind later 😂✌️
Just to you know, i will convert them to Monero 😎
My conviction is being sovereign, i work hard to get what i want, i dont give a fuck if number go up or not if the freedom go up is growing...
And freedom is tending to 0 on bitcoin so good luck trying to spend self custody bitcoin when BIS papers get approved..
Not sure who you’re talking about but my freedom has been trending up since learning about bitcoin 🤷♂️
The largest expense an ordinary person will pay is their rent. And you can’t pay your rent in monero. You have to convert to dollars. Just like with bitcoin. So why not convert the best money that gives you the most power?
Or do what your fellow monero brainlets do. Stack sats then convert to monero then convert to dollars. If that’s what helps you sleep at night. But stop encouraging hard working ordinary people to stay poor with your little shitcoin.
Did you read BIS papers? Its only 8 pages for now.
Good luck trying to spend self custodial bitcoin
How are you gonna spend monero?
Same way as always 😎
I know, sell them for dollars. GFY retard.
You are wrong, i dont sell, i spend.
I dont receive from work on Monero to have a need to sell it.
Asked him the same thing yesterday.
He is so scared of the BIS for bitcoin but thinks Monero will be better off if the fiat fucks have any luck stopping us from spending our bitcoin
He just ignores reality.
Your a fucking clown that probably has no money at all anyway
Clowns man. A lot of semantics with this guy. You can’t pay your rent with monero so he’s converting to fiat.
View quoted note →Holding monero will do that 🤣
😆😆😆😆
🤡
Maybe more than you have 😘
Well you have no bitcoin so zero chance…
Notice how he doesn’t address what I said. How do you pay your rent?
I dont pay rent 😎
Figured you were homeless
😂😂😂
You must be vaxxed 😂
Nope. Didn’t take a single jab.
How does one pay property taxes as a monero holder? Since you think people should hold monero and a lot of people own houses.
But retarded you are dont u?
I work and receive money in FIAT i pay in FIAT, normally in cash, the rest that lasts after expensed i convert.
What is the part you dont understand about it?
Bingo. This is the answer I was looking for. Thanks for proving how much of a LARP you are. You probably have a fiat bank account too. So you convert monero to fiat and then spend that way. When you could just convert bitcoin to fiat instead. Or convert bitcoin to monero and then convert that to fiat if that helps you sleep at night. But all you’ve accomplished is lowered your purchasing power. That is fucking retarded.
If you were a mining algoritm you would be POR (Proof of Retarded)
You cant even understand simple phrases
Okay fiat boy HFSP
You use fiat for payments like most bitcoiners. Except bitcoiners have more purchasing power. You could’ve gained 600% more purchasing power if you didn’t have brainrot and just held bitcoin for savings while converting to monero for whatever gay porn you buy on the internet.
What you expect if everything only receive on fiat retarded?
You only have more pucharge power than me if you make more money than me, but as you sound like a broky boy expecting the 10$ in btc turn to a million.
You want more purchase power work more and smarter lszy cunt
Scared of BIS guidance?
I will buy your bitcoin.
My ethos dont align with bitcoin ethos anymore.
If i was scared of anything i would not be into monero and will be complient in all the bullshit that they enforce using only custodians, to get "rich" without freedom, like you all are doing 😂😂😂
I already get rid of all, nothing to sell to you
After a moment I realized that the most secure and private way available of paying a stranger online is bitcoin using lightning so I'm not sure how we'll settle up.
He doesn’t have any except for the ecash zaps that he thinks aren’t bitcoin
"eCash is a bearer asset" i could easily argue it's not really. bearer assets can be transferred without the blessing or involvement of the issuer. that's like the whole point of it.
And you can, the eCash can be transferred without the blesding and involvement of thr issuer. eCash to eCash of course.
It’s a bearer IOU 😂
So I open a lightning channel with a local farmer. I buy things from their farm. I sell them things produced on my property. We have an open lightning channel we use to settle any difference any given day. We transact in person over our open lightning channel. There hasn't been an on chain tx in years so no chainalysis.
How are BIS going to find and stop us?
This isn't a hypothetical, it is true about me today.
This fear is from LARPers who never really used their coin and don't understand the process. The rest of us know we can't be stopped and just carry on.
Oh no, my coins will get blacklisted. IDGAF. The people I'm spending them to and getting paid by are also stuck with a bunch of blacklisted coins in that case. Might as well keep using them between us and ignore the law, same as we are doing now.
"Oh no, some of my bitcoin *might* get blacklisted. I better sell it all for a shitcoin whose entire chain is already blacklisted" how are we the retards again?
it's not necessarily either.
Guy who owns no bitcoin thinks bitcoin hodlers are retarded. Stop the presses.
If that was going to stop me I would never have bought my first sat.
the mint is the issuer. you can't transfer (at least not in a way that has double spend protection) without the involvement of the mint.
It’s the best way I can describe. It’s an IOU that you control. The IOU can be rugged 🤷♂️
ecash tokens are anonymous authorization tokens. what they authorize could vary. for example in coinjoin protocols they authorize you to register an output.
BIS guidance is gonna stop bitcoin
@Meyer
🤣
The eCash you can, the thing is not granted is that the mints as the sats that they claim to have
I dont care what you are capble to do if the ethos not sligned, and yeah i know you can keep using it that way.
The problem is not the BIS the problem is the majority of comunity will comply
wrong. fyi i'm a bit of an expert on ecash. sort of.
you can make as many copies of an ecash token offline as you want. but handing someone a copy is not exactly "transfer".
to transfer ecash tokens they need to be redeemed at the mint and new one issued where the recipient is the only one that knows the secret. (let's ignore scripted tokens for now!)
that's why i said it's not really a bearer asset in the traditional sense. the mint is an online trusted intermediary that can refuse to participate.
then there is credit ecash, that overall dodge the entire "does the mint have the coin?" stuff.
Whose ethos? Sure famous bitcoin influencers are gonna boot lick for NGU. That's not me. Famous Monero influencers are all wifu pillow having incels. Is that you?
Reversed stupidity is not intelligence. By avoiding bitcoin because a few stupid people like it you've declared the sky is green because an idiot you know said it is blue. That doesn't make you smart, it makes you wrong and a disagreeable jerk.
btw you could say ecash notes are "bearer tokens", but tokens are bearer authorization for some resource. so it's fully redundant.
