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Replying to Avatar pam

Cashu is not sats. It is token. Misleading users to thinking otherwise is wrong and a dangerous move. You swap Cashu with Sats to operate.

When you buy and sell 200 times using Cashu, Sats transaction is not altered 200 times, only 1 time. As this expands, Cashu transaction becomes x100 times frequent compared to Sats/Bitcoin. And therein lies the tradeoff.

If you don't like the term token, call it something else. But don't call it Sats.

from the 2nd link you sent :

"Cashu creates a mint, which issues e-cash tokens on Lightning Network which accepts Bitcoin and uses blinded signatures to mint e-cash tokens, which can be spent, received, transacted with, and eventually redeemed for Bitcoin."

Competitive positioning will always have pros and cons. From the onset - Cashu seems like an add on option for users - and your target market is for privacy-liking users

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erik 2y ago

Do you consider a transaction between two Wallet of Satoshi uses an exchange of sats?

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pam 2y ago

lol seriously?

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erik 2y ago

Yes, when two Wallet of Satoshi users pay each other no sats are exchanged. WOS just updated their internal records of users. So I expect you to be calling for WOS to not use the term sats since no sats were exchanged.

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erik 2y ago

https://video.nostr.build/a506f0be5b8e9f2e0bb473483d3452eaa39873bdbf10a4e409d0c6dd7efe541b.mov

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