Nostr Web Client

"payments to people on the same mint is fast". More like "instant". Once you create an ecash token, it's a bearer asset - if you have the key you have the funds already.

(But there's no "instant" way to know this key wasn't photocopied and left around town without checking with the mint to see if the funds are already claimed. ..or if the mint is down...)

Tristan Brice Velloza Kildaire 1y ago

I just moved a cashu now from one mint I have cashu on to another.

So my understanding is this happened:

That mint exchanged the cashu amount to the BTC amount, sent a Lightning Transaction over the LN network (which may have routed multiple hops), the LN address is that of the receiving mint or? And then I suppose the receiving mint exchanges that back to cashu for the receiving user.

When I wanted to send from my one mint I generated an invoice. I then pasted that in. So the way this feels is more of a "Bob can request 2 cashus from me and because I signed it (I presume, as I generated the invoice) he can redeem it)?

I think I need to understand how the interactions work at each level here.

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Discussion

vinney...axkl 1y ago

Ah I have absolutely no idea how inter-mint stuff works.

I'll be curious to see what you find out

Tristan Brice Velloza Kildaire 1y ago

I will try my best. I find it fascinating.

Tristan Brice Velloza Kildaire 1y ago

I presume though, if a mint goes down that is ruggable. Well, half-ruggable. They can't spend your cashus but you will lose access to them.

Tristan Brice Velloza Kildaire 1y ago

Another update. I attempted an inter-mint swap. Idk if it worked.

vinney...axkl 1y ago

yes.

Tristan Brice Velloza Kildaire 1y ago

Actually seems I did not do an inter-mint transfer.

got an idea tho on how to

Tristan Brice Velloza Kildaire 1y ago

Update. I had to withdraw some cashus on Minibits mint to a lightning endpoint of the other mint. Then it did a LN transaction on LN network and received in my other mint as cashus.