A reverse blind trust using a Cashu Chaumian Mint and blinded signatures would be a decentralized financial arrangement that allows a trustor to manage assets without revealing ownership or transaction details. This setup leverages Chaumian e-cash protocols, ensuring privacy and anonymity while still allowing controlled spending or asset distribution.

How a Reverse Blind Trust Works:

1. Creation of the Trust Using a Cashu Chaumian Mint

• The trustor deposits funds or assets into a Chaumian Mint, which issues blinded tokens (e-cash) that represent the value held.

• These tokens are cryptographically signed using blinded signatures, meaning the mint cannot see the original request but can verify authenticity when spent.

2. Reverse Blind Mechanism (Trustor Controls Spending, but Remains Untraceable)

• Unlike a traditional blind trust, where the trustor has no control, here the trustor retains full control over spending but remains anonymous.

• The trustee (e.g., the mint operator) facilitates transactions but does not know the trustor’s identity or specific transactions due to blinded signatures.

3. Spending and Redemption Process

• When the trustor (or designated beneficiaries) want to withdraw or spend funds, they submit blinded e-cash tokens to the mint.

• The mint verifies and redeems the tokens without linking them to their origin, preserving full transaction privacy.

• The tokens can be used within a closed ecosystem or converted into standard currency.

Key Features & Benefits:

• Anonymity & Privacy: Trustor’s transactions are cryptographically hidden, ensuring financial privacy.

• Decentralized Trust Management: No reliance on traditional financial institutions or trustees.

• Controlled Spending: Unlike a traditional blind trust, the trustor can still dictate how funds are used without revealing their identity.

• Protection from Surveillance & Censorship: No centralized entity can track or block transactions.

• Security via Blinded Signatures: Ensures the mint cannot link issued e-cash to spending events.

Use Cases:

• Private Wealth Management: Individuals seeking financial privacy while maintaining control over assets.

• Crypto Custody Solutions: Storing and distributing cryptocurrency without exposing wallet addresses.

• Decentralized Philanthropy: Donors can distribute funds without recipients knowing their identity.

• Corporate or Political Funding: Organizations can fund initiatives while keeping contributors anonymous.

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Discussion

Meh. Funds are still at the discretion of the trust. The ecash holder has no true say on how they're handled.

It’s a trust. That’s the whole point.

Maybe I missed the distinction between the blinded trust and ecash.

Ecash is not a blind trust - it’s actually a reverse blind trust, if there ever is such a thing.

FDIC insurance on my nutsack is what should have been requested yesterday at the summit.

Then repeal the bank secrecy act.

Then the federal reserve act.

What is the point of the trust if the trustor has to do the job of the trustee

The trustor still has control. The trustee has the actual funds but doesn’t know who the trustor is.

What is the benefit to that is the trustee just buys something the trustor doesn't want

Just trying to zero in on an appropriate legal definition. FWIW, I’ve built exactly that with #nostr #safebox and now looking for appropriate definitions for prospective operators.

Anyway, a trustee exists in a legal context. What you are positing would be a breach of contract or illegal.

I suggest you do not use legally defined terms.

Create the code. Let the user, company or jurisdicrion figure out how to define it.

I hear ya. Just trying to front run the legal definitions. They catch up, eventually, whether private law (contracts) or public law (legislation).

The big insight for me was the clarification between custodianship and trusteeship

Been down this road before. Just focusing on the wording technology.

is this similar to NUT-21-22: Blind Authentication?

the main difference is that the identity of the trustor is known...

I need to look at those NUTs more closely. Will reply soon.