Think of cashu as an intranet on top of Lightning. Instead of using channels or routing, it implements chaumian mints and tokens to improve privacy. While tokens are pegged to sats and can be used as ecash, the mints are run by trusted community members, like friends or family. Meaning that, mints reduce the need for intermediaries, like exchanges or banks, but simultaneously increase scalability and privacy because minting ecash breaks links to past transactions due to using blind signatures. Sorry that’s one hell of a word salad, hope it made sense to you… I am also in the process of wrapping my head around it, but it’s very exciting stuff. Here’s a way better explanation by @calle https://m.youtube.com/watch?v=UNjVc-WYdgE
Yes I’ve watched a few talks by Eric and obi on fedimint. And think it’s crucial to broad adoption but I have no clue how to set up a mint and if I did look into it don’t really have a community to build and share / use the mint with. Any ideas for grass roots use cases?
Also what’s the difference between fedimint and cashu?
Just reading about fedipools idea now.
Main difference is Fedimint is federated, whereas Cashu mint are single-sig.
I was minting and sending to #[5] and to you actually the other evening .. first one went through fine to Ben, but the rest were generating about 8-10 pop-ups from nos2x each having different data in them and each wanting me to authorize.. anyone else had that issue?
Ah cool, so cashu is
custodial/single sig
And
Fedi is distributed custody/multi sig
Would it be possible to set up a cashu mint per transaction. E.g. Alice creates a mint to send cash privately to bob who then pegs out to lightning leaving the mint empty.
Is that a possible use case?
