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Roundtable_005 - 21 MIL NOT GUARANTEED!, Blackrock, Saylor, El Salvador, SBR, and more

Bitcoin Audible

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Innovating Non-Custodial e-Cash Systems

This chapter explores a new proposal for a non-custodial e-cash payment system that aims to minimize trust while enhancing efficiency. It discusses the nuances of one-way payment channels, trust dynamics, and the implications for Bitcoin's Lightning Network, including the concept of spillman channels for subscription-like transactions. The chapter also critiques ongoing debates about Bitcoin upgrades, advocating for targeted innovations over broad changes that could disrupt stability.

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