Replying to Avatar corndalorian

Has anyone provided an intelligent response to the concerns over how to gauge the trustworthiness of mints? I like cashu but the idea of having many mints from unknown parties concerns me. I’ve seen the recommendation to consolidate tokens to a trusted mint, but then isn’t that just creating a bunch of little potentially costly lightning payments (depending on the routing fees between mints/nodes)?
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Nick Klockenga 1y ago

I think about how easily I could spin up a mint backed by 0 Bitcoin and I get concerned.

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Dan 1y ago 💬 2

Consider about how quickly this fraud would be noticed. The second anyone tried swapping you'd be caught and your mint would be ostracized by the community.

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Nick Klockenga 1y ago

💯

IMO the issue isn’t ecash zaps. It’s how will nostr users identify trustworthy mints without everyone just consolidating to a small handful of custodial mints. We’ll come full circle.

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Dan 1y ago

Even if WoS and Custodial Alby switched to Cashu and they were the only two mints custodial users used, we'd be in a substantially better place than we are today.

Cashu and custodial lightning do not have identical risks. Cashu is an improvement in multiple ways.