Sound like their payment mechanism averages over whatever the pools expected discovery time for 8 blocks is. So yeah there would have to be some level of trust there.
The mechanism may be more easily auditable, but nothing besides the usual business incentives seem to prevent them rugging during that time window.
AFAIK there is pool that does payouts directly from the coinbase in the same block but I don't think it's worth it at all since most payout utxos are close to dust.
That makes sense. Seems like some level of centralization is inevitable, but hopefully down the road trust can be minimized using things like cashu mints with auditable reserves.
Cashu is fully custodial fwiw.
Of course. There are trade offs though - either cashu with private lightning withdrawals or immediate lightning payments with less privacy.
But you’re right, I suppose lightning direct is “less” custodial. I tend to prefer the idea of cashu since most lightning is custodial or small payments can cause issues these days anyway.
Honestly the more I think about it… seems like cashu is the better end goal for any platform that is inherently custodial at some level, which I think we’ve established ocean is. If they run their own mint then withdrawing cashu is effectively the same as lightning, but users have more options to protect their privacy.
