Replying to Avatar Super Testnet

Ecash mints are programs for running a mini central bank where people can deposit bitcoin, redeem it whenever they want, and in the meantime they get fast and cheap transactions with other users of that mint. They are pretty neat, especislly their privacy properties, but they come with most of the tradeoffs of custodial systems: the mint can steal anyone's money whenever they feel like it and can dmstart KYC'ing its users at any moment
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DZC 1y ago

Ecash improves custodial services, but it doesn't make them no-custodial.

🫂

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Cyrus 1y ago

Run your own mint, backed by your node, it makes it no-custodial.

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DZC 1y ago

It will still be custodial for the rest of the mint users, as a single user mint makes no sense in cashu architecture.

🤷

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Cyrus 1y ago

I wanted now to enumerate the benefits of ecash and the possibility of running your own mint, what honestly is equivalent to what you just said, that it improves a lot custodial services, but does not make them no-custodial generally (for everyone). Yeah, I agree.