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fruitworks | 10 days ago

have you heard the good news about our lord and savior chaumian cash?

discuss

order

madars|10 days ago

eCash is an answer to "can you move value privately?" (yes, with concessions). Radius is solving "can you execute a million conditional state transitions per second at sub-penny costs?" Blind signatures are still just value transfers and offer no expressivity. If your agent wants DvP with conditional logic, or trustless escrow that releases on programmatic conditions, Chaumian eCash doesn't help. LN gets you close to some forms of atomic exchange, but close-to-atomic isn't atomic, and neither gives you composability. You can move balances, but you can't orchestrate multi-step workflows that can't unwind in the middle.

fruitworks|10 days ago

I imagine you could have some contract that interacts with ecash, based on revelation of a blind signature. Similar to a HTLC.

I have actually written up some ideas for a system based on something like this that I called "chaumian coupons", but I would have to go through my notes to find it.