Subnostr

You still have to fund the mint with on chain/LN and settle with LN between mints. What are you going to do only transact with yourself within your own mint?

And unless you obscure those deposited and moving funds with KYC-free/CJing, you're not anonymous or private. But at that point chaumian ecash would be redundant and you lose most/all benefits (convenience/privacy).

Cyber Seagull 2y ago

So to recap. If you run your own mint, fund channels with your own KYC-free btc, use your own mint with cashu, then it's private.

That's been my point all along.

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Discussion

Saberhagen The Nameless 2y ago

But why would you do that? You get no benefit by having a mint in that scenario if you are the only one using it. You would be privately shuffling tokens inside the mint to yourself from yourself. I don't know how that helps you.

As soon as it leaves the mint, it is no longer private again, and you remain just as anonymous as before you entered the mint with your KYC-free btc. In other words, the mint was a completely unecessary step.

And if you are sending tokens from your mint to other users, then we are right back to it being custodial for other users.

Cyber Seagull 2y ago

You said cashu is custodial because of mints.

I said if you own/run the mint , you are still in custody.

Now you are saying sending tokens to other mints makes it custodial again.

At some point in an exchange, money/value/tokens, is in someone else's custody...that's kind of the point of a transaction.

What i think you mean is, when you send the token to someone else, it will be on a mint owned by a third party.

If so, you have misunderstood Cashu. A token is not sent, it is announced and then redeemed. If the user you share the token with redeems it using a mint they own, everything is in the custody of the intended persons, throughout.