I doubt most of the people getting excited about this even bothered to read how it works. It's a software quality nightmare, in my opinion, as it adds asynchronous transactions, architectural and code complexity, an entire network of servers with redundant (but potentially inconsistent) data, etc.

Relays on top of mints on top of lightning nodes on top of Bitcoin nodes, and always tied to your npub. (Theoretically, you could tie it to a different npub, but that would be completely retarded, as the whole idea is that people are zapping your npub. And forget trying to use the same zap wallet with multiple different npubs.)

Even worse than e-cash wallets on top of mints on top of lightning nodes on top of Bitcoin nodes, which is already a transaction maze that takes occasional money-loss for granted.

1. Relays can't even get follow-lists right, as they are only eventually consistent.

2. Mints can just walk off with the money. They are wildcat banks that can disappear from one moment to the next.

3. Your financial information gets passed around to wallets from developers you might not trust to deliver the quality required for banking services. As far as I can tell, you get auto-logged into their wallet, as soon as you make the mistake of trying out their app.

Every time people around here try to obfuscate novel architecture too hard, rather than putting the effort into making the connections smoother and explaining/guiding better with something like a wizard, it ends up looking like something that's a preface to the next edition of "Software Disasters".

Hard pass.