Oh wait i see it now, its in the minibits default mint
Yes. Now i tried zapping myself with the minibits address from alby and it looks like it went through but i have no idea where it went.
I get a lightning error when trying to zap the minibits lnaddress and it doesent go through
Ok i think its set up
I must have screwed it up in my client. I dont have a minibits . cash address anywhere
How do you do that? I dont see any mention of it on the minibits website
If you want to be good at sales, you need to learn how to not lie to your customer.
At this time I must charge a 1% fee for outgoing lightning transactions to cover the fees from the LSP. The LSP also imposes a maximum deposit amount, which means I'm only able to hold 500,000 sats of cashu tokens at any instant.
I will be replacing it eventually with my own node, but for now this gets me restored basic functionality. Thanks for understanding.
To all users of STPI cashu mint, I have added a new backend to the server. You should be able to freely mint new tokens and redeem mint tokens for lightning sats. #cashu #enuts #minibits
At least the mint can present the unsealed secret as evidence a token is invalidated, preventing someone from claiming the mint isn't presenting hashes of all of its tokens.
I think 3.2 and 3.3 is trying to implement a system similar to an auditable election ballot. Anyone that holds a token can verify the mint is recording his token and then add up the total balance of published tokens, and anyonr that holds an unaccounted-for token can provide proof of lack of reserve. This could work if channel balances on the lightning node are pubically verifiable, which they are not.
ROFL! Lets just take the mint's word for it whether they have reserves by checking the mint's published list of token hashes. What the?
Has anyone else noticed that ChatGPT4 has gotten a little condescending?
What you can functionally do with a lightning wallet and lnbits lnurlp and lnurlw extensions can also be done with cashu.
The difference is that a cashu token transfer doesen't happen over a lightning channel, doesen't require any server-side "account" for the end-user, yet allows a cashu token holder to send and recieve sats on the mint's LN node over the lightning network, and the server has no knowledge of who holds a claim on any token. The more users of a mint, the more anonymonity of the users, so it somewhat also provides a "mixing" function.
When you create a token to send to someone, its very similar to sending them single-use yet fungible paper money. When you send it to them, you are giving them essentially a password to redeem tokens, though the password contains the tokens themselves. The recioient redeems the tokens from the mint, and the mint gives them new tokens in return but the mint doesent know who gave the tokens to you, it only knows you have some tokens of the amount you redeemed, and it doesen't know that they were your's when they are redeemed by whoever you give it to.
Another feature of an ecash token is it should never expire (unlike an LN invoice), so you can keep it in your cashu wallet, or on a piece of paper, as long as you like.
The mechanics of ecash is quite different than lightning, and you will come to understand this the more you use it.
#ecash #cashu