What is the benefit of using cashu ecash instead of lighting? I downloaded the wallet eNuts, it works well and all, but I can't see why use it instead of lightning.
#cashu #ecash #eNuts #lightning #bitcoin
Discussion
Custodial lightning versus custodial e-cash, there's no real difference. However, it's getting hard to get a custodial lightning wallet that doesn't require kyc. That's the benefit of e-cash. Basically, lightning without kyc.
There is a setup cost with non-custodial lightning. So, for some people, especially first timers, a custodial wallet is at least a start. Something they can use until they can afford to fund their own lightning channels. So, for a non kyc lightning wallet, pretty much e-cash might be the only option for now.
Thanks, Manánguri! I'm still trying to learn about #lightning #nodes and channels, it seems to me that I'll need multiple channels with a million sats each before I can use my own lightning node/wallet.
Would it be cheaper to kick start #cashu #nodes / channels or #mints? Would that be an advantage?
Thanks for the clarification!
Because deez nuts
You can view it as a decentralized custodial LN & Cashu wallet. Easily send Cashu to your Nostr circle and ensure your sats are not centralized on one server, in case one goes offline or gets hacked, etc.
Thanks! I'll try to set my own #cashu #mint and see how it works.
I saw that I could register multiple mints at the same time at #eNuts . Are my sats in their custody?
to pay an ln invoice it's not much different, but mint to mint it's better faster cheaper more private and can be done without the internet