I now see the possibility of enabling every npub to issue their own ecash tokens, instead of relying on a third-party mint. This has tremendous value because every npub can issue its own transferable credit notes (cash) and eliminate the mint as a counterparty. Of course, it has to…...

Applying good ole financial theory: bitcoin utxo is a commodity lighting channel is collateral chaumian ecash is credit…...

Imagine if every npub was its own mint and relay by default.…...

“The Metaphor is the Matrix.”…...

In the context of asymmetric cryptography, McLuhan’s figure and ground concept can be applied to explore both the explicit function and the underlying influence of this cryptographic system on security, trust, and digital communication. Figure: The Encryption and Decryption Process The figure in asymmetric cryptography is the primary function—...