Reminder that Cashu mints have built-in safety measures to ensure that your mint can't be abused. Nutshell limits the maximum balance, size of peg-ins and peg-outs, and request rate limits.

And there is a lot more to come! You should have full control for your specific use case.

We will be adding optional authentication to the protocol that allow services providers to precisely limit access to their mint. This is one of the most-requested features from regulated entitites.

This will allow integrating Ecash into existing KYC and AML infrastructure.

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Discussion

Do you think that Fedimints will be the future (regarding mint security), or do you prefer regular mints?

Mints need to be decentralised or else samourai treatment lol πŸ˜‚

Would that mean, I have to identify initially to join a mint. But afterwards I can transact as private as usually with cashu?

Depends on the mint you use. We want to give the operator the option to limit who uses their mint.

On privacy: this hurts privacy for peg-ins and peg-outs for example. Even if there was full KYC, ecash is still a lot more private than a normal custodian. The provider doesn't have a view into your wallet, can't take your ecash, and can't stop you from transacting with others.

Wink wink πŸ˜‰πŸ˜‰ the fed got you πŸ˜‚

Will it still possible to use cashu's privacy benefits after that integration?

It's important to understand that this is very mint-specific and won't apply to every mint there is. It's just a choice of the operator of that mint. On privacy:

nostr:note1glnwwkfh6qg3kml4f05hhhpsrf56stmpprryushxeshyvy76yp9s89ex3e

thank you πŸ™‚

https://nostpic.com/media/c7e300eb1e297c5331cf57ae1304b48e5adeeb56c492d9f450494b39e94ebe38/c7f176368af1da1aa1308a0909dbd5bd169bfa51b9e74d217aa397c8436cc531.webp

Is it necessary to add this at the protocol level, or could it be left to the KYC guys to implement this themselves?

It must be added to the protocol or else we break interoperablility

Hm ok

Wise!

Super bad idea lol πŸ˜‚