Nostr Web Client

The API can't sign for guardians, it's just going to relay for the guardian to sign on anything leaving.

They're raising money because this is a valuable tool to have. I think there's people definitely using it the wrong way, with the wrong assumptions, but applying the term scammer is certainly not the term that should be used for the overall idea IMHO.

Justin (shocknet) 1y ago

It's valuable to the operator in scamming the user by making them think the trust is distributed. That is it's usecase.

If you want to claim its useful for scamming the regulator, that's fair, but don't pretend its any better than single party custody to users.

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Discussion

Patrick 1y ago

So you're saying that if I buy some ecash token I don't need the guardians to sign to trade back to sats?

Justin (shocknet) 1y ago

No, in saying the guardians can't stop the seller from rugging you.