Cashu is not bitcoin. They are utility tokens. Best scam I've seen yet on nostr.
Discussion
then we have some of the best and brightest scammers out there.
Well, people like Calle.
And people don't call their own friends, scammers.
🧠
when it comes to scammers, they take people's money and enrich themselves, right? how would nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg scam me out of my bitcoin unless he's secretly running every mint or in cahoots with all of the mint runners? he's either the world's best scammer or the world's worst scammer.
so you're saying that Block, HRF, OpenSats, and Strike are all in on the scam?
Again...
People don't call their friends, names.
Your network is your net worth.
I fucking love my network. Which includes you. 🫂
People get confused about cashu because they haven’t updated their thinking. Cashu is a protocol. It overtly isn’t bitcoin, therefore that argument doesn’t hold weight.
You can issue any kind of asset on cashu. I have used cashu in dollars. We are using the cashu protocol to issue bitcoin. It is the best most private alternative to custodial lightning. Perfect privacy, can’t be individually rugged or censored and you hold the bearer iou on device.
It isn’t self custodial bitcoin. Nothing is. And calle has been clear about that from the start.
All i know, is he's pretty great at turning bitcoiners, into shitcoiners.
my dude. c'mon now. ecash isn't a shitcoin. you can say it's not bitcoin, and sure, i can mostly agree with that, but it's a layer 3, built on a layer 2, built on bitcoin's layer 1.
Bitcoin 》Lightning 》Cashu utility tokens?
Hard pass here.
Stack sats > stack tokens
I don't want anyone stacking Cashu tokens. Use it to transact for privacy and then send to your own Lightning wallet. It's just passing through.
So if I buy KYC sats, turn them I to cashu tokens, and then back into sats, I now have clean coins?
yes
Hmmmm. Interesting....
So its possible to clean stolen/hacked bitcoin with cashu tokens.....
💡
🤔
coinjoin and mixing has similar results when using wallets with those capabilities.
just because you want privacy doesn't mean you're a criminal.
Agreed. Privacy doesn't mean criminal.
What confuses me is how we are backing a public ledger (bitcoin) with all our might and being, then saying we want privacy ontop of it...
Wouldn't that be like me using XMR and saying I don't want privacy on it?
Idk. I just use things for what they are.
🤷
it's a way to add privacy to bitcoin for those that want all of the benefits of bitcoin without leaving the ecosystem.
you don't have to take part of this experiement if you don't want to. im doing it for my reasons and you can also not do it for your reasons.
No. KYC is to the person not the utxos. There is no kyc on bitcoin. It simply links you to a utxo. Sending the utxo to cashu or even to whirlpool doesn’t get rid of kyc. It obfuscates the spending of a utxo. If foe any reason an authority wants to force you to prove you still haven’t sold your bitcoin without properly paying capital gains on it then you would be facing that issue. There is an important distinction. The transaction can be hidden but the legal obligations of kyc in the future aren’t removed. The kyc is at the custodian not the blockchain.
I got hacked. They took it all. Sorry idk how to prove it
No doubt, It works great when it works. I know lightning can be difficult. But please be careful how we word this for new people. It’s not truly Bitcoin. You’re swapping your bitcoin for tokens. Like at a casino.
Thank you for your input☺️, you are increasing the awareness 🔥
*Too much scammers nowadays 😬😮💨😬*
We need more people like you, who are vigilant and truly believer😤✅️ 🙂 (in BTC)
Crazy how I just zapped you "Bitcoin" to your custodial coins wallet (casino postgres db as you would probably say) from my nostr:npub1kvaln6tm0re4d99q9e4ma788wpvnw0jzkz595cljtfgwhldd75xsj9tkzv wallet via NWC + Amethyst.
Smooth.
I appreciate you trading in your tokens for true bitcoin 🫡
Bro you literally have a coinos wallet. You don't see how ironic that is, do you?
It’s definitely different. And as a dev of Cashu tokens I would expect you to know the difference. (I know you do)Yes, both have tradeoffs but one is still bitcoin and the other is a casio token purchased for bitcoin. Fine I changed my address. I never kept more than like 500 sats in there anyway.
I gotten rugged for more Cashu tokens than I ever lost sats in CoinOS. I’ve lost zero sats from using CoinOS. I can’t say that for Cashu. Lost several thousand from double spends.
*coinos
🔥🔥🔥, amen ✅️
😌
Crazy how I just scammed / zapped you Bitcoin to your custodial wallet of satoshi from my nostr:npub1kvaln6tm0re4d99q9e4ma788wpvnw0jzkz595cljtfgwhldd75xsj9tkzv wallet via NWC + Amethyst.
Smooth.