It’s not like keys that unlock the Bitcoin/sats, the tokens themselves ARE the currency. I believe it’s the pool of sats as the “entrance fee” to the walled garden transferable 1:1 sats to equal parts cashu tokens. You pay a lightning invoice of 500sats, you get the equivalent cashu tokens, and everyone else does the same. I’m trying to draw metaphors here to simplify for newbs without missing critical protocol components and oversimplify. I’m not 100% clear on the technical part of the moving tokens with no logging other than there’s perfect harmony between sats entering and cashu tokens created.

nostr:npub1dx5q2el8nd4eh3eg9t2e25fd7zuqg7zxz6ldkc3uzgh66ss2yc6st288sj and nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg are good resources for all things #cashu