obviously there are levels of trust in every interaction yadda yadda... the important distinction is will the protocol be actually constrained by the on-chain supply or not?
credit networks with ecash mints will not be in any way constrained by what is going on on-chain. credit ecash spent via lightning is absolutely constrained by what exists on-chain.
Ark and other covenant pool constructs and rollups can not double pledge sats, every satoshi is expressed on-chain. and i know for a fact there is an easy magnitude of scaling there. with a level of trust (it's not completely trustless) but no perverse incentives and no capability to issue paper bitcoin IOUs.
trust is not inherently evil, but fall-back on settlment without trust and unilateral exit capability are necessary, not optional.
moonsettler
npub1dg…4mccn
2026-03-10 09:31:18 UTC
in reply to nevent1q…48gu
Author Public Key
npub1dgesr3zcgyjv2z0050h7auzdlf88gycry7tlk7wsypmgngy97yxqv4mccnSeen on
wss://nos.lolPublished at
2026-03-10 09:31:18 UTCEvent JSON
{
"id": "857dedb02fb7939e418757e0ff8db53d5430e9cabab2d96fae006bbdfcbbc91f",
"pubkey": "6a3301c4584124c509efa3efeef04dfa4e7413032797fb79d0207689a085f10c",
"created_at": 1773135078,
"kind": 1,
"tags": [
[
"e",
"a3ff207c46f4eea1ea0d8e84425359b28383d8112a8c582062d46231bf3b3462",
"",
"root"
],
[
"e",
"dcb5dfde0036f005c7fc161dcf5ba1ea3fde3706121bd75e30981d508f3d1076",
"",
"reply"
],
[
"p",
"8cda1daafb2df8daf4500533cba69b645afa0caf7136e341be1b66a2e9e5bdd8"
],
[
"p",
"6a3301c4584124c509efa3efeef04dfa4e7413032797fb79d0207689a085f10c"
],
[
"r",
"wss://cache2.primal.net/v1%0A"
],
[
"r",
"wss://relay.primal.net/"
],
[
"r",
"wss://nos.lol/"
],
[
"r",
"wss://nostr.vulpem.com/"
],
[
"r",
"wss://relay.damus.io/"
],
[
"r",
"wss://relay.snort.social/,"
],
[
"r",
"wss://relay.bitcoinpark.com/"
],
[
"r",
"wss://nostr-01.yakihonne.com/"
],
[
"r",
"wss://nostr.decentony.com/"
],
[
"r",
"wss://santo.iguanatech.net/"
]
],
"content": "obviously there are levels of trust in every interaction yadda yadda... the important distinction is will the protocol be actually constrained by the on-chain supply or not?\n\ncredit networks with ecash mints will not be in any way constrained by what is going on on-chain. credit ecash spent via lightning is absolutely constrained by what exists on-chain.\n\nArk and other covenant pool constructs and rollups can not double pledge sats, every satoshi is expressed on-chain. and i know for a fact there is an easy magnitude of scaling there. with a level of trust (it's not completely trustless) but no perverse incentives and no capability to issue paper bitcoin IOUs.\n\ntrust is not inherently evil, but fall-back on settlment without trust and unilateral exit capability are necessary, not optional.",
"sig": "52efcc92b559f207d839dc0b81a8a4a54a1b4ea6822d82661102a64b64b5d0aea0e235bc2f241c032a4510aabf583333d72d9bf9e178eae2a2459ac0698f81ae"
}