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2024-07-02 13:09:36

mleku on Nostr: PSA: ecash mints are essentially wildcat banks don't trust them to hold your assets, ...

PSA:

ecash mints are essentially wildcat banks

don't trust them to hold your assets, only to deal in spending money
yes, it can be! this is the downside of it

but they don't have a legal tender law to protect them from bank runs
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