NUTs
https://github.com/cashubtc/nuts
cashu spec. Simple and concise
#[0] is a beast 🐿️
Discussion
I seen this but don't understand it . What is it? What is Ecash?
Start here: https://cashu.space
🙏
I did , I still don't know what it is.
Send and recieve sats anonymously i think
Then move here: https://docs.cashu.space
Cashu is a free and open-source Chaumian ecash system built for Bitcoin. Cashu offers near-perfect privacy for users of custodial Bitcoin applications. Nobody needs to knows who you are, how much funds you have, and with whom you transact with.
Then go here https://wallet.nutstash.app grab this nuts:
eyJwcm9vZnMiOlt7ImlkIjoiL3VZQi82d1duWWtVIiwiYW1vdW50Ijo0LCJzZWNyZXQiOiJHR2tSbyttaWdmNm9td3J3dHRkY3Q5OHAvU2R0cFpHcXUxaURzNWhDZEE0PSIsIkMiOiIwMjhkZDRkM2VmZGM5MzAyNzBiMmJiOTU5YTg4ZDNmYWJhNDk2NmFjYzlhNjZjZDVhYTEyMTZlMTFiYjM4MTMzMjAifSx7ImlkIjoiL3VZQi82d1duWWtVIiwiYW1vdW50Ijo4LCJzZWNyZXQiOiJDNWJ0MW0wZEFmK3VkeEZWV0RseFlOdW 84dWRuQjVwYzQ2UXQzMTN3TDJZPSIsIkMiOiIwMjIyM2FmMDlhMmE3Y2Y3NjExZGYxNTU1NDdlZjAwMmE3MjNkNGEwMjI3MTMzNDY4MjU5ZGYxM2YzY2YxOTAyYTMifV0sIm1pbnRzIjpbeyJ1cmwiOiJodHRwczovL2xuYml0cy5zZW1pc29sLmRldi9jYXNodS9hcGkvdjEvVEVVY2M2R040ZEVzaDZ3YTZKMmhTdSIsImlkcyI6WyIvdVlCLzZ3V25Za1UiXX1dfQ==
I added a space in the middle to trick squirrel bots ;) Remove it
That's really interesting. Can you withdraw these to cold storage?
You can swap on LN (paying an invoice) and so move onchain.
Isn't onchain a misnomer if a lightning invoice is paid?
Sure. In fact I told that you have to swap to LN first, and from here then you can go onchain, with another swap of course :)
Right, not trying to be pedantic , just trying to fully understand.
I appreciate you questions!
A third layers , at least to me , seems a bit much. Moving between three different layers. I thought lightning was private in and of itself?
You want to use different layers for different things. For example if you need to make a huge transaction you probably care less about speed and it would probably be something to do on layer one. If It's smaller transactions you can benefit from the speed of layer 2. Layer 3 has other benefits and drawbacks. It's up to the user which one to use.
What's the use case for going through all layers at once? I don't see any. Usually swapping between 1 to another layer is enough
LN payments decouple from the blockchain but have not perfect privacy at all.
Ecash aims to a completly different level of privacy.
Different tools for different pourposes, what seems too much today can priceless tomorrow.
I've got "tokens" now represented as "sats" but how do convert it?
More to study by #[0] and #[1], the Nuts' wizards 🥜⚡
#[2]
Cashu is a free and open-source Chaumian ecash system built for Bitcoin. Cashu offers near-perfect privacy for users of custodial Bitcoin applications. Nobody needs to knows who you are, how much funds you have, and with whom you transact with.
So it's a privacy tool? Is that right?
#[0] the "Protocol" link in the https://cashu.space is broken, perhaps you can fix it using this new resource
Thank you!