Nostr Web Client

The mint is custodied by someone other than you. The node that backs the mint is also custodied by someone other than you. The text strings (tokens) that allow me to interact with the mint can be saved offline but are useless without the mint, and the mint has no monetary value without the node.

calle 1y ago

Cool, was just checking if the same would be true for Liquid, Stacks, Fedimint, wBTC, etc... yup.

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Discussion

calle 1y ago

Don't mean to say the risks are comparable across all these. Cashu obviously has the highest risk out of these.

corndalorian 1y ago

Just to be clear I'm not saying or meaning to imply that I think people shouldn't use cashu or other custodial services. Only that they need to understand that they are indeed custodial and that there is a level of risk involved because of that. My original post in this thread was prompted by another thread in which I said self-custodial zaps are not viable for onboarding new Nostr users, and I received replies saying "cashu fixes this" so I can only assume some people think it is equivalent to self custodial bitcoin.

calle 1y ago

I don't think that's what they mean but I see your point. What they probably mean is that Cashu is better than most other custodial systems.

corndalorian 1y ago

Perhaps that's what they mean. It doesn't always seem that's what they mean, but maybe.