This is bullshit to say the least as the “ecash” you receive needs to be sent over LN before it can be assumed to be real.
Otherwise you could be accepting garbage tokens nostr:note1m88ww94cqkadrpefszjfmppmz345tveczz0vdvdzrzm3cjef70jqr4fptf
Discussion
You can receive tokens directly and swap immediately with the mint for new ones. Doesn’t need to touch Lightning at all.
The mint may still be giving you fake sats. How do you trust the mint?
Do you force users to use your own mint? In that case congratulations you reinvented pre-paid credit based models but with more inefficiency
No. I support multiple mints. I actually don’t give a fuck (to use your tone back at you) which mint they use. They can keep the tokens for that mint, or clear them out to Lightning immediately.
I do not see how you have addressed the problem of servers having to either withdraw to LN immediately or force everyone to use their trusted mint, if they do not want to get scammed
I don't see that as a problem. I am building a tokenized payment system that is an alternative to the internal account system of a payment provider. I am trying to facilitate payments - the faster that funds move in an out, the better. Having to custody anything is a necessary evil to minimize.
what's even more hilarious is that lightning payments are onion routed
all this ecash shit gives you is asynchronous payments possibility, this really should be wrapped in a separate layer anyway, can be done with custodial based LNURL routing easily... yes, any which way you look at it, async requires trust... this is a tradeoff that has to also be made for direct messaging but sadly most of the nostr devs don't seem to have wrapped their heads around this - and nostr protocol ephemeral events do actually allow non-stored message broadcast to active subscribers, as well as the fallback for async purposes where relevant
i have never understood how this dude gets so many followers but maybe that was something to do with him exploiting the X algorithm back in the day
ERM, this is about adding monetary incentives to TOR to hopefully improve the quality of TOR relays.
"cashu is custodial" never gets old does it
