Forgot to #asknostr ! nostr:note16ulwt25e37u9ka6e9xxjrflhq0mm0xlmqaczu4wc04pjz7w783mszujlxm

Okay thanks. I’ll try it when I’m not on a phone browser and see if I can make it work.

Is there an easy way to do that with the filters? I see a way to search only posts from people an npub follows, but what about threads that involve two specific npubs?

Any nostr tools that allow you to search past interactions with another user? #asknostr

Finally getting around to playing with cashu again… any good guids on some of the newer integrations with nostr?

I don’t know the specifics of how another mint knows where to go if you redeem tokens from another mint, but I am pretty sure that redeeming at a second mint does just effectively tell the second mint to request a lightning redemption of the tokens from the first mint.

So yes, lightning is the only mechanism to actually move the value between mints.

Have you seen the ones on nostr:npub1lrjgpa9m2dl6esdah5pq7m005ymwh4glq4aet76q2zlz2f83esfsa2zvrj ?

https://www.cryptocloaks.com/product-category/ornaments/

Very true! And I am not yet sold on anything else anyway. Will be waiting to see how things go with Braiins. They did say they have additional details coming on payout determination!

Yes, I actually wrote them a support ticket asking if they will be providing more transparency about payouts in the future. This random stacker news comment provides an argument for why FPPS might not be good. The old scoring system was relatively easy to understand and the way they calculated payouts was transparent. It only becomes inconsistent if the pool is losing hash and isn’t consistently finding blocks. In the new system the volatility of inconsistent payouts is shifted to Braiins and we have to trust them to properly manage their reserve AND tell us what a fair payout is.

https://stacker.news/items/328682

Seems like there were rumors this was coming and Ocean took full advantage of it. I’ve really liked the Braiins ecosystem, but this seems like a big step back in terms of payout transparency

After getting the email from Braiins today it seems so obvious that the slightly misleading marketing from Ocean is a very strategic move to capture a solid market share by filling the void that Braiins just left.

Also just got this email 🤦‍♂️

Hot take 🌶️ : nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze should drop the “non-custodial” claim and pushed for an cashu payout implementation.

1. Unlike centralization vs. decentralization, non-custodial is binary. Ocean by design does custody payouts after receiving rewards from the Coinbase - what they are doing is trying to minimize the length of time they have to custody the payouts.

2. The best thing a custodian can do in the bitcoin space (IMO) is allow their users to take self-custody as quickly and privately as possible, which is why what Ocean is doing is positive overall.

3. Cashu specifically is a purely custodial implementation that is fully interoperable with lightning and offers privacy guarantees that a custodian can’t normally offer.

4. Lightning lowers the accumulation barrier for withdrawal significantly.

5. Cashu offered by a custodial entity gives all the benefits of lightning withdrawal plus added benefits of cashu to user privacy and potentially auditability.

6. Cashu offered by a custodian has few (no?) drawbacks since the custodian is already custodial and cashu tokens could be withdrawn automatically via lightning at any time or frequency (including immediately).

Obviously cashu is in its early stages and may require more development, but will nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze take the plunge?

H/T nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg for all his great work on cashu and pushing custodians to improve

But isn’t this just stratum v2

Honestly the more I think about it… seems like cashu is the better end goal for any platform that is inherently custodial at some level, which I think we’ve established ocean is. If they run their own mint then withdrawing cashu is effectively the same as lightning, but users have more options to protect their privacy.

Of course. There are trade offs though - either cashu with private lightning withdrawals or immediate lightning payments with less privacy.

But you’re right, I suppose lightning direct is “less” custodial. I tend to prefer the idea of cashu since most lightning is custodial or small payments can cause issues these days anyway.

That makes sense. Seems like some level of centralization is inevitable, but hopefully down the road trust can be minimized using things like cashu mints with auditable reserves.

Sound like their payment mechanism averages over whatever the pools expected discovery time for 8 blocks is. So yeah there would have to be some level of trust there.

The mechanism may be more easily auditable, but nothing besides the usual business incentives seem to prevent them rugging during that time window.

It is listed on their website for whatever that’s worth.

I presume the minimum withdrawal amount will drastically decrease or go away when they enable lightning payouts, which is supposedly planned.