How does this work? I went to a website that Semisol pointed to the other day but I had no idea what to do there (was on my phone, maybe that makes a difference, idk)
Discussion
It's a Chaumian Ecash protocol for Bitcoin. It's to make custodial lightning more anonymous and decentralized. You mint tokens with lightning who can not be traced and it can be used to pay with the tokens or even with a lightning request as well with anonymous liquidity provider in the middle.
Here is a good tutorial with Ben...
The semisol website it's a Ecash mining protocol just for fun with a little reward.
So, you give SATs via lightning to a federated mint.
The mint gives you a token which you can exchange with others for goods or services within the mint. There are no fees.
The mint is not aware of who you traded with. (Very good privacy)
At any time, you can exchange tokens with the mint and get your SATs back via lightning.