Fed Boi Summmmer 
Discussion
Cypherpunk boi
nostr:nprofile1qqsx8lnrrrw9skpulctgzruxm5y7rzlaw64tcf9qpqww9pt0xvzsfmgprfmhxue69uhhq7tjv9kkjepwve5kzar2v9nzucm0d5hsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0qyvhwumn8ghj7un9d3shjtnndehhyapwwdhkx6tpdshssfnq7m getting state level Ddos on zap.stream
what's your take on Cashu?
I went back and forth on this for years now.
I can say with confidence and complete certainty after looking under the hood and even running a mint for a short period of time that cashu is not Bitcoin, itâs not a layer 2 or a layer 3. It is in no way dependent on Bitcoin.
A mint operator can use a custodian wallet like WOS or Strike as the funding source. They could even decide to use any shitcoin or fiat currency as the funding source. Itâs a trust me bro IOU system where the cons outweigh the pros.
One could say itâs another solution in search of a problem. To sum it up Itâs a shitcoin without a blockchain.
Claiming itâs scaling solution is misleading because not only is it not bitcoin dependent but the mempools are empty. Maybe thatâs why Calle is pro spam because the spam pushes users off chain to lightning during fee spikes and all of a sudden cashu sounds like itâs solving something.
Feel like I need to get high and do some research
Do your own DD and letâs discuss
Been doing some more DD on this today during work and it seems my apprehension is valid. Specifically the parts about how to successfully rug by running a mint with fractional reserves by issuing fake tokens. Then picking and choosing which transactions to send so as to not tip your hand that the bitcoin isnât really there and then pass it off as âpayment routing failâ or âtechnical errorâ
Unc, whatâs wrong with Bitchat?