lol it is pretty cool
Discussion
I wonder if I can get that working with nwc somehow... hrm
The siren calls of good UX 😆
When studying the history of money, there’s always mention of how mints begin practicing fractional reserves & rugging customers… can’t help but feel like ecash is perpetuating the same vile cycle in the modern age.
I just can’t bring myself to be part of repeating history 😂 custodial lightning was supposed to be a bridge to the trust-minimized oasis. Ecash seems like a bad shortcut to the problems of the past.
I think its useful in specific situations. I think its irresponsible to sell it to the masses without thinking of the consequences
Which is exactly what everyone does… masses don’t understand the nuance let alone noobs trying zapping for the first time.
When new users get rugged, then what? Talk about confused. They’ll blame it on Nostr.
same thing can happen with the current custodial lightning solutions too, luckily we have albyhub, but we need more.
Totally true.
i think the safest implementation is something like an in-game currency. where there is no expectation that it can be swapped for real money (bitcoin). having the option to swap is *nice* but not guaranteed
note:note1wtwjxnvr6j3eqqhyuhfp7xfnsst4892lz2atnxfrfrtn9h96shcs3zdg7e
This is a real problem. Can a Cashu mint show proof of reserve?
This is right on the money
You have one misconception that is holding you back. Unlike with a bank, you are not meant to store your wealth in a mint. For that we have onchain bitcoin.
Give this article a read, it might clear up many things:
nostr:naddr1qqt52cmpwd5z6mmw94pxjarrda5kuttfwdc8v6t3qgsvfdfkn2wmy73wr0yhkf065jrzm8705ar4q6clyuhc7jekhqfdh4srqsqqqa28uulz6g