Zaps are a real problem for me.
I "suffer" from shiny object syndrome. Using a Kanban board helps staying focused.
But when I see a new WoS notification it's all gone.
My brain forces me to check the person out immediately. 😑
I researched Cashu, a Chaumian ecash system a bit.
I find it quite interesting.
Here's how I understand it:
Cashu is like a bank for your BTC. It exchanges your BTC for some kind of token.
Once you want to redeem your BTCs, you send the tokens to the bank and get your BTC back.
This is done without a blockchain. It's off-chain like the Lightning Network.
Thus you can send tokens to other people and the bank doesn't know who redeems the BTC in the end. This enhances privacy, because you can exchange tokens with whomever you like, as often as you want.
The token receivers just ask the bank to sign that they now own the tokens.
The bank is called a mint. It could be anything:
* a custodial wallet provider,
* a custodial Lightning provider,
* a multi-sig address on the blockchain that has a network of trusted parties that all have to agree that you can indeed redeem your tokens for BTC
An interesting idea I saw somewhere: You can create a stablecoin with this: The mint (the bank) immediately sells the BTC it receives from you for e.g. USD, and buys BTC back once you want to redeemed your tokens for BTC.
In this scenario you hold a USD-pegged token, but can redeem it for BTC at any time at the current market price.
But, I don't like the trust in the mint that is required in order to make all this happen.
If you think about the mint being e.g. Binance, Coinbase, or Wallet of Satoshi, then you would improve on the privacy aspect of the status quo. But you would still need to trust them to have your money.
Feel free to correct me, and DYOR. What do you think about this Cashu system?
Gooooood morning fellow nostriches!
If you are wondering if now is a good time to go to the gym... Yes. Yes, it is. 💪
Perfect for learning it then 😉
Go skiing more often!
eCash is a bad naming choice then. Easily confused with the rebranded BCHA. Way to make it complicated for everyone 😂
🤔 Maybe your Nostr client has a bug?
🫡lnbc7770n1p3ltalapp5y9uzy7v27r0efy58kffppcekzm2rt49c7h3l8hsp32gvu95xs7lsdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5mrp86tz8jtl75xz2v3vl2u44fn69ma7c8ueemyhe0u7yml4ddzys9qyyssq7sscw3ph9znh90p2kcm4edt9hk80wxemtzrc442j63xcnl536w6hzxw9rywm295rle9ttfv6yht2s2fkf4ex26hp70psqcd599n2ecgpzr854g
What hardware do you use? I heard a lot of people buy old Mac Minis.
Block 777777 in all its glory!
lnbc770n1p3ltk7kpp5qz5e0ektjv8fztldzxun6ehjcldv5fzqysrv6kvll8l9h7zn3mzsdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5r3e2hl34qcx44h8fz3sgp05k3e0x8m8pxwtuqsyx76p2lmzx4phs9qyyssqf9yyr37ucp56qaktg5r0arsmprrae8gljhww03p05gz2y39du2086jqvve2qkg4w5yyj2mqwudsf8jg4m39qxlehstrkeelw2qxzy7qpa54pqc
👋
