3min chapter

The "What is Money?" Show cover image

Bitcoin and Near-Perfect-Privacy with Obi Nwosu (WiM241)

The "What is Money?" Show

CHAPTER

E-Cash Tokens - It's a Bare Instrument, Not a Coin

e-cash tokens are bare instruments in the naive common sense understanding of the word, i.e. you have a token per coin. If I want to send you $1.11, I would literally send you a $1 token. In fact, this allows us in a community context to do some very interesting things. So one of the things that we are going to be adding or showing in the feature is the ability for limited periods of time to make transactions without an internet connection. But guess what? You have no internet, so you won't be able to anyway.

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