Proof of Reserves for Cashu
Hey Cashu team,
I've been modeling Bitcoin's future and discovered something incredible: Cashu could generate large fees with 5B users, solving Bitcoin's security budget forever.
But there's one critical requirement: proof of reserves.
Without cryptographic proof that mints hold the Bitcoin they claim:
- First major rug pull kills the entire ecosystem
- Users won't trust mints with real money
- Regulators shut it down
Best
