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Cashu offers the best privacy for custodial wallets. Custodial wallets make up the vast majority of all wallets in the world.

It's not 3D chess. Our plan is pretty obvious.

2Pac 1y ago

Better than liquid?

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Discussion

calle 1y ago

Liquid is a Blockchain and has a transaction graph, block explorers, etc. Everybody sees which address pays which. Monero has better privacy than Liquid because the transaction graph is "blurred", but still exists. Coinjoins can help here as well.

Ecash has no transaction graph at all.

calle 1y ago

In short: hell yes!

2Pac 1y ago

Gotcha so the trade off is improved privacy but then we get back into counterparty risk, whats your thoughts on this? I’ll have to experiment with it.

calle 1y ago

A random Cashu mint is less trustworthy than the liquid federation. Don't put more than a small spending balance in so you don't get rekt. It's meant for short-term payments and nothing else.

2Pac 1y ago

Got it thanks

utxo the webmaster 🧑‍💻 1y ago

Liquid is trying to scale one Blockchain with another Blockchain, fundamentally bad design principle

calle 1y ago

It was kinda the common mindset of everyone back when it was introduced a long time ago.

optout 1y ago

One difference: Liquid hides the amounts, which is great, but as it's a blockchain, the relationship between subsequent transactions is clear to be seen (transaction graph). That's not the case in cashu (ecash).

calle 1y ago

We will also hide amounts (soon TM, WIP), it will have such insane consequences

2Pac 1y ago

Go on what are the insane consequences

calle 1y ago

Currently a wallet is composed of a bunch of nuts that make up your entire balance. We must do this to maintain privacy (all nuts with the same amount look the same to the mint).

When we hide the amount, we can store the entire wallet in a single nut while having better privacy than today. Wallets will be less than 1kb in size.

We will put them literally everywhere.

It will be in-fucking-sane

2Pac 1y ago

Interesting keep us posted

2Pac 1y ago

How reliable are payments compared to say lightning where payments still fail sometimes?

calle 1y ago

Cashu uses Lightning for inter-mint payments. A mint likely has better channels than an ordinary user but Lighting remains Lightning.

Intra-mint payments always settle instantly.

2Pac 1y ago

Ok so mints are built on Lightning network then is that right?

calle 1y ago