Users can mint ecash sats, ecash USD, ecash stamps, and more. Users would exchange Lightning Network sats for ecash sats, ecash USD, ecash stamps, etc.

Users can mint 10 ecash stamps at the mint with 1 LN sat. These ecash stamps are specialized, and the mint does not allow exchanging back from ecash stamps to LN sats.

For users, using ecash stamps rather than a subscription model can offer better privacy.

The mint only commits to users being able to use these ecash stamps to pay for services at any time, such as relay services.

The risk for users is that the relay service might stop before they use up their ecash stamps.

Users can mint 1000 ecash sats at the mint with 1000 LN sats. They can enjoy more private payments with these 1000 ecash sats, and the transaction fees are very low.

The mint earns a fee from these transactions. The mint commits to exchanging ecash sats back to LN sats on a 1:1 basis when users wish to convert their ecash sats balance back to LN sats.

The risk for users is that the mint may not have enough LN sats to fulfill the redemption, or may refuse to redeem.

Users can mint 7 ecash USD at the mint with 10000 LN sats. They can enjoy more private payments with these 7 ecash USD, and the transaction fees are very low; price stability might also be an advantage for some.

The mint earns a fee from these transactions. The mint commits to exchanging the ecash USD balance back to LN sats at the current market rate when users wish to convert.

The risk for users is that the mint may not have enough LN sats to fulfill the redemption, or may refuse to redeem. nostr:note1xuv2l9e40vm2p05lk6prsn45tfmy4v4kgj6lxwewdxuysdr4wcrsrnva37

The term 'stamp' is a metaphor. What is affixed to Keychat messages is not a specialized stamp, but rather generic Bitcoin ecash.

Why does the traditional postal system require stamps? Why not just affix cash or paper money directly onto the envelope? It's likely because the cash could be stolen, and the glue might damage the paper money. nostr:note1g7v8x5dzy45q9jkxhug5h3sykrldl40zvpuyzfgnmsajuntxxcksgdzekc

I believe Nostr is ground zero for the upcoming Bitcoin payment revolution

Its social dynamism is the perfect breeding ground for the ecash virus to propagate.

Every zap will be a cashu nut 🥜 Everyone will be minting.

We will first make it ubiquitous here until it leaks into every parts of the Bitcoin economy.

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GN

Testing out a new minibits wallet, zape and I'll #zap you back~

🤷

I love the LN marketing on nostr but what's being built for liquidity management and first time receives without on-chain costs?

Any businesses out there starting to accept #ecash #cashu ?

They do. But you sending out from the mint is what makes it private. You are simply telling the mint to make that payment for you.

Ya any one that accepts lightning payment. Just pay with your ecash wallet

Bluesky announced DMs today. Yikes.

Random macro stuff I'm watching today: containership rates.

I gotta give a hat tip to nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z for the recommendation to read "Confessions of an Economic Hitman" by John Perkins. And then for having Mr. Perkins on his show.

What an incredible story and it is a testimony to why we need to rebuild the world on #Bitcoin and freedom tech.

Perkins talks about how he was culpable in building the global "death economy" as an economic hitman for a global consulting firm called MAIN in the 70s and 80s.

The four pillars to the death economy are:

- Fear

- Debt

- Anxiety Over Insufficiency

- Divide and Conquer

What we need to transition to is "the life economy." If I may be so bold, I'd suggest that the four pillars to the life economy could be:

- Love

- Sound Money

- Security In Abundance

- Unite and Collaborate

I have received a rush of creativity since I started reading "Economic Hitman," and have written a ton about what building the life economy could look like. I'm thinking I will start publishing more long form pieces here in the coming weeks.

So thanks for the inspiration, Preston. Let's get to building the life economy everyone 🫡

cashu.me on desktop is also rugging me, LOL. When I add new mints my balance reappears but i get this error. Sorry I don't have Telegram... I've tried but cannot get it working on Linux, anyway, I'd prefer to do my tech support on nostr. Ideally there would be a Channel on noStrudel for cashu.me

TRANSCRIPT FROM A TALK JACK GAVE AT A JP MORGAN CONFERENCE THIS WEEK.

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