And you still need to do KYC to prove you are not serving US persons otherwise PRISON

Banks started as fully backed custodians of gold. The temptation to issue more unbacked claims is unstoppable. If cashu mint gets big and important nothing can stop fractional backing the same way as social media and YouTube and whatever eventually own and screw people that build business on top of the platform.

The success of cashu would inevitable be its demise.

We can all of theories that might work when cashu is meaninglessly small and users are idiologically invested.

Big success leads to 99% of people and businesses not caring about ideology but they will simply be practical in the short term