The 0 - 100k sats custodial gap
Android = Minibits
ios = npub.cash
Discussion
I think telling them about Cashu and nuts in the beginning stages is a huge turn off given there current state.
I personally feel the current stage of cashu is as good if not better than any custodial lightning wallet experience. It has amazing nostr product fit.
Cashu:
*Allows free immediate LN Address for nostr profile
*Allows immediate send/receieve zaps
*Nostr integration
*Better privacy
*No kyc
*Low fee
*Serves the same custodial 0-100k sat gap all no coiners face when onboarding to bitcoin from layer three down
What's the huge turn off?
You have to tell someone to still get another Lightning wallet otherwise you're setting them up for custodial failure. Telling someone to use two Lightning wallets to send and receive zaps is a bad user experience for the majority of the population.
Baby steps. I look forward to people migrating over because as great as bitcoin is, different communities and genres of content are what will attract more users of clients and then the loop feeds on itself.
Once these creators start getting zapped for content is when that dopamine hit of “Fuck me I just got paid in real time” happens and then it’s game on
Derek keep rocking and spreading the word
Agree. Some day we'll get there. Maybe with nostr:nprofile1qqs04xzt6ldm9qhs0ctw0t58kf4z57umjzmjg6jywu0seadwtqqc75spzpmhxue69uhnzdps9enrw73wd9hszynhwden5te0wp6hyurvv4cxzeewv4eszynhwden5te0wfjkccte9enrw73wd9hsxv8qkt and his nutsack. Who knows?
Thank you.
Android allows fuller nostr user experience. On Android Minibits lets you send and receive zaps from just minibits, also pay LN invoices. No second lightning wallet needed.
Yes on ios there is a sending zap issue but not a receiving zap issue with cashu. There are other sending zap issues on ios not cashu specific as well. ios users can dm sats with cashu. No second wallet needed.
Cashu wallets can pay LN invoices.
New users have to use a custodian LN wallet to start from 0-100k sats anyway so no different single custodial risk.
User's have to have over 100k sats for a self custodial LN channel no matter what.
That is when a second self custodial LN wallet comes into play.
why not normal WoS or primal lightning wallet ?
WoS requires vpn and have openly pulled from USA market. You get way better privacy on cashu and can send out of bound transactions. Single custodian that can censor you while cashu has to censor the whole mint. Cashu is deeply integrated into nostr and has incredible utility. Cashu is no kyc.
Primal is soft kyc strike backend with only small amounts and I believe the 30% apple tax. Need to tell users to lie on kyc.
cool can I receive cashu on primal or I have to switch to a cashu wallet only
I beleive the primal thing is just that the ecash token renders in a nice way instead of as the raw token string. Many other clients do that. You need a cashu wallet to redeem ecash. enuts is a good ios
minibits is the best on android