Ah so scam ones are those who lie about having backing-BTC in the bank?
Discussion
Yes. And we can easily (& very publicly) call them out
Awesome!
Also, lastly. Dumb question. The 1 cashu is 1 sat?
That would make sense. Hence the protocol focus.
Yes. Cashu denominates all amounts in sats
There are also stable mints, which peg your cashu wallet to $ if desired (all backed by Bitcoin)
Both Boardwalk.cash & stablenut.umint.cash have fiat pegs if desired. Can always denominate in Bitcoin too. User choice.