Can someone link me to a good explanation why Cashu users shouldn't worry about the mint being trusted? The dialogue I always see, goes something like:
* Alice: cant mints steal or fractional reserve?
* Bob: yes, but that would hurt their business, so they wont.
Can someone elaborate on that? Not trying to be cynical, but it seems to me like a large mint could choose to exit scam at any time.
#bitcoin #lightning #plebchain #cashu #enuts
This option should be used when you are really really do a private purchase of some sort.. I know it's new and ppl experimenting and playing with it like it's lightning network.. cashu sounds great for private purchase of goods. Not to hodl or hold a few hundred or thousands.. idk but this is how I plan to use cashu. But I haven't just because I understand the trade offs
Its a tool for certain circumstances. Obviously life savings can't be trusted with something like cashu. However, it does seem like a very good privacy tool for smaller amounts, even with those flaws. IMO I think the privacy gains are worth it for small txs. If you use it in that way, I could see why people aren't concerned with the trust model
Yeah, I'm just trying to better understand which circumstances it makes sense for.
If 10K users just store ~$100 in a Cashu wallet for online shopping, that leaves $1MM that the mint can steal.
Should users not connect to a mint with 10k other users? How do you know how many users a mint is operating?
Should users store only $10? What do you do with $10?
I'm just trying to wrap my head around _what applications_ #Cashu makes sense for.
