"ECash is nothing a database account isn't, it's not any more
permission-less, or private, or asynchronous, it's literally a server
authentication scheme. "
If you have a "database account" at a server, and the server is hacked or seized, you have all the transactions listed between all the users of the service. A single point of failure.
If you hack or seize the mint, you cannot see anything like what you could with a database of transactions.
That single point of failure is much more private than a "database account" type SQL logged service.
pailakapo
npub17cw…alhd
2024-06-01 22:02:22
in reply to nevent1q…2ele
Author Public Key
npub17cwgazyy9ahc0fu2cslql8w5csxg77zramt9rzel09yvxvrjk2eqntalhdPublished at
2024-06-01 22:02:22Event JSON
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"content": "\"ECash is nothing a database account isn't, it's not any more \npermission-less, or private, or asynchronous, it's literally a server \nauthentication scheme. \"\n\nIf you have a \"database account\" at a server, and the server is hacked or seized, you have all the transactions listed between all the users of the service. A single point of failure.\n\nIf you hack or seize the mint, you cannot see anything like what you could with a database of transactions. \n\nThat single point of failure is much more private than a \"database account\" type SQL logged service.",
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