I think tokenized bitcoin (ecash) will have its place eventually.
Scaling Bitcoin to 8 billion people requires it.
Do we need it now? No
Is it useful now? There's are some fringe usecases, but not many.
I personally prefer the fedi model of ecash where the trust is placed in a federation rather than a single person/company.
Cashu is not dependent on Bitcoin in any way shape or form. It’s a shitcoin without a blockchain. Just another Bitcoin Charlatan and his grift.
Interesting.
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It's denominated in Bitcoin & involves a lot of trust.
Same deal with any custodial lightning wallet, Bitcoin exchange or any service that requires pre payment. It's a lot of trust & I'd be careful about my exposure.
I see no evidence of scamming, yet.
I think it's pretty poor form to shout accusations without any evidence.
It’s a scam to call cashu bitcoin.
It’s not Bitcoin. Full stop.
A year and half ago Calle was going around saying cashu was backed 1:1 with Bitcoin. That was a lie. I’ve heard people call it layer 3 bitcoin that is untrue. If you want to shitcoin go shitcoin but I t’s disingenuous to call cashu Bitcoin. The grift is trying to attach Bitcoin’s good name to a shitcoin.
