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PhilipRomantoday at 5:27 PM1 replyview on HN

The doc won't point it out explicitly and I apologize if my explanation offends anybody, but the intention is basically leftist, state-friendly bitcoin. The authors took a look at the anarchy of real cryptocurrencies and realized they don't actually like anarchy, so instead they want to make something "wholesome" that governments would be willing to go along with (since they can tax it).

They are funded by EU and banks in an attempt to claw back some market share from cryptocurrencies which are slowly getting banned.


Replies

ruisealtoday at 7:00 PM

Good summary.

To others reading, it's just gimped Chaumian ecash, as the privacy is removed for the receiver. It actually seems like it could be useable now (was just terrible for a long time) but Cashu (bitcoin based ecash) is streets ahead.