- Proof of work was invented to prevent spam.
- Satoshi used PoW to rate-limit block production.
- Blocks create scarce Satoshis.
- Cashu puts Satoshis into bearer ecash tokens.
- KeyChat (privacy messenger) uses Cashu tokens as stamps to prevent spam.
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proof of circ
Most of the spam prevention I keep seeing is going to send us straight to modern SMTP where your emails enter a black hole unless you use Google.
Cashu does not put satoshis INTO bearer ecash tokens. It issues an independent token which on its own is incompatible with every other cashu mint doing the same.
A mint itself takes possession of the sats, and offers a service to
- give you tokens for sats
- swap tokens for fresh tokens
- accept requests to pay bolt11 lightning invoices denominated in satoshis and provides an offer exchange rate
- may fullfill payment of aforementioned invoices through bridging to lightning network.
When you send satoshis to a cashu mint, you are effectively selling your sats for tokens under the hope that you can later get some of that value back.
Idk seems okay for privacy and a small amount. But ecash ain’t ₿. Pretty cool stuff.
We're talking snailmail postage stamp utility tokens here. USPS for example prints some unknown quantity of different kinds of stamps each year & sells them for a fixed USD price. Some kinds hold value more than others. We don't know their supply issuance.
It's only meant to require a sizeable amount to purchase if you're a spammer. It's not really meant to be money, but nothing stops a person from valuing it as such I guess
I feel like I’m missing something here. Are you saying it serves a purpose to get Sats from one place to another but isn’t a replacement?
I like the idea of PoW to GET RID OF REPLY GUYS. Thern again
I just want to rather pay for a relay.
How we can get rid of reply guys
so, charge people money
amazing!
you know that WoT is more efficient because it pre-thins the field before you even consider message cost
Make spam/filter lists importable/exportable/shareable/marketable.
We already have pow though just nobody is using it which kinda sucks for the WoT
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