Nostr Web Client

I tested 5 cashu wallets. I have lost funds in all of them. Mints have disappeared on me. NIP-60 events have disappeared as well.

It's nothing against cashu, but the operators themselves that need to ship better software and to secure people's sats. We know it is custodial. But that doesn't mean people can just run off with our sats just because they are bored. That's not cool.

My point is that NO one should EVER lose ANY money from a custodial system. Not a single sat. Regardless of how new things are.

calle 1y ago 💬 3

Really? I agree, none should ever lose money. I wonder, how come I never lose money. If you write down your seed phrase, it's practically impossible, if the mint doesn't go down

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Discussion

calle 1y ago

I consider the small number of mints I regularly use pretty trustworthy in terms of uptime.

Vitor Pamplona 1y ago 💬 2

I have seen lots of little things like transactions happening and then disappearing from wallets, relays deleting NIP-60 events and mints just disappearing.

Sure, we can always blame the that user should be doing more before engaging with those players, but I also think the community expects more consistent apps and behaviors from operators.

calle 1y ago

I can't comment on NIP-60 wallets, I've never build one. But the same goes for them. Seed phrases allow you to restore everything you have in your wallet.

calle 1y ago

But I take your comments with respect, and I agree. Safety is top priority. I didn't recommend cashu for over a year until we had proper seed phrases..since then I haven't lost a sat.

322905e2... 1y ago

I attempted to restore a cashu wallet from a seed phrase and saw zero sats as my balance (can't remember if it was Minibits or cashu.me)

bullishNuts 1y ago

Where can I look to learn how to implement seed phrase backup? Does cashu-ts make this easy?

Moss 1y ago

I have a question. If Mint A stops operating, can the seed phrase backed up at Mint A be used to restore sats at Mint B?