Rusty Russell on Nostr: I somewhat agree: "trust somebody" can be quite efficient. But it's prone to bad ...
I somewhat agree: "trust somebody" can be quite efficient. But it's prone to bad incentives (undeclared fractional reserve) which can drive out good actors (who are not as profitable) *then* collapse. I know calle 👁️⚡👁️ (nprofile…rt7g) has thought about this a fair bit, and has a rotating ecash solution which may address it well enough?