Nice article on #Cashu by nostr:nprofile1qqsd4dkxqewy8xum47ctpu0ltgxxsfemeewpjkdyzk9ddfcg286s0dspzdmhxue69uhhqatjwpkx2urpvuhx2ue0qywhwumn8ghj7mn0wd68ytnr09cxsetjwp6ku6eww3hkgcte9ujrvlzk

A nostr:nprofile1qqs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6ccpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz8nhwden5te0dehhxarj94c82c3wwajkcmr0wfjx2u3wdejhgtc3uev7c quote tying it all together nicely at the end…

“Cashu is not the second layer of Bitcoin (or even the third), the pseudonymous author of the Cashu protocol Calle correctly says that the layer must support a sovereign transition to a lower layer in order to qualify for being another layer. The latter does not have to be free of fees, but it must be free of third-party permission. Cashu doesn’t have this feature, and it’s good to know about it – if a mint shuts down its service or refuses to pay a Lightning invoice based on tokens for whatever reason, the user has no way to leave this “pseudo layer” without the mint’s cooperation. Therefore, the analogy with free banking is much better than calling it a Bitcoin layer. However, this does not mean that Cashu has no place – an example is the family, where rugpulls need not be feared. Usually.”

Happy reading,

nostr:nprofile1qqsqfyvdlsmvj0nakmxq6c8n0c2j9uwrddjd8a95ynzn9479jhlth3gpzdmhxue69uhhqatjwpkx2urpvuhx2ue0qy2hwumn8ghj7mn0wd68ytn00p68ytnyv4mz75v343a gets a mention in it too ;)

https://juraj.bednar.io/en/blog-en/2025/03/18/cashu-bitcoin-freebanking/