We've reached the forefront of shitcoin research now
Arbitrary ecash spending conditions compacted into a zk proof. This is a *big* deal. https://x.com/dimahledba/status/1882078439693307921
Discussion
This is way over my head... 🙂
Is this useful to prevent Mints from unchecked money-printing (I have a feeling this issue is still somewhat unresolved in ecash)?
Nope, that's a different area of research. I plan to build this as part of my ecash mining pool project after I get the core functionality working. https://gist.github.com/callebtc/ed5228d1d8cbaade0104db5d1cf63939
Repo markets on cashu + nostr
Interesting. Is there a NUT fir this?
No, just thinking about how to marry these systems together.
Ecash is basically a promissory note. With programming logic/markets it could function like the repo market (very liquid short duration lending)
Long term NGU is good (hold spot), but ppl may want a vol hedge in the short/medium term for debt obligations. nostr:nprofile1qqsdhc94p6csmay47z73rcdaze6g60fr2qtvzf8jed77vpaxxzgh2zqprdmhxue69uhkummnw3ezummjv9hxwetsd9kxctnyv4mz7qg4waehxw309aex2mrp0yhxgctdw4eju6t09uq3samnwvaz7tmjv4kxz7fwvd6hyun9de6zuenedyhsxa7u96 stablechannels is creating this programming functionality with C lightning plugins
Pair these features with a secure communications layer like nostr or #reticulum. I imagine there would be tons of arbitrage opportunities
we must accelerate!