that looks like a vineyard..!
USD tokens are selling fast...
And you can mint the rest by going to any cash supported wallets such as
Mint address: https://umint.cash
good question. I wrote a long article about this. lmk for questions.
The idea for https://umint.cash
is to reimagine a new stable mechanism that is fully automated, auditable and backed by Bitcoin that has no external dependencies to the legacy fiat world.
yes and no. the balance is still maintained in sats but it goes up or down to maintain $ value.
Already $300 minted on umint.cash. Over $1500 minted and $1200 melted cashu tokens. Watch it real-time on https://umint.cash/pol#pol. thanks to #cashubtc
Let's be realistic here. They did not have 1000s of locations.. Other than Miami conference it was not used anywhere in the US..! So this is more of business decision than regulatory closure.
Take a minute to look at this and hit the like button if you understand or hit the reply button for questions..!
Keep up the good work. Did something happen between 04/16 and 04/30? What did I miss?
For all those Dumb takes on supporting Tornado cash and privacy doomers... here's an opposite argument...
It is a known fact that Lazarus Group, a state-sponsored cyber-hacking group operating out of North Korea laundered over $500M through tornado-cash. Here are some examples of the damage they have inflicted:
Financial Losses
The Bangladesh Bank Heist (2016): Lazarus Group successfully stole $81 million from Bangladesh's central bank by hacking into the SWIFT banking system. This was one of the largest cyber heists in history.
Cryptocurrency Thefts: They have targeted and stolen millions from cryptocurrency exchanges and users, with estimates ranging from hundreds of millions to over $1 billion stolen over the years.
Bank Heists: In addition to Bangladesh Bank, they have stolen funds from banks in multiple countries like Ecuador ($12 million from Banco del Austro), Poland, and Mexico.
Operational Disruption
WannaCry Ransomware (2017): The WannaCry ransomware attack crippled over 300,000 computers across 150 countries, causing significant disruption particularly in healthcare systems like the UK's NHS which had to divert emergency patients.
Sony Pictures Hack (2014): Lazarus Group stole massive amounts of data and destroyed 75% of Sony Pictures' internal servers, leading to reputational damage and the cancellation of the movie "The Interview" theatrical release.
Critical Infrastructure Targeting
Recent evidence suggests Lazarus Group targeted energy providers in the US, Canada, and Japan in 2022 by exploiting Log4j vulnerabilities to gain persistent network access, posing risks to critical energy infrastructure.
The group's evolving tactics, including supply chain attacks and exploiting zero-day vulnerabilities, make them an persistent threat capable of crippling operations and causing major financial losses across industries and nations.
Look at from the victim's standpoint. And imagine they use the money to create nuclear bomb and destroy human civilization?
Link to paper that references this.
https://www.emerald.com/insight/content/doi/10.1108/JFRC-04-2023-0065/full/html
USD stable is provided by stable channel. (Lightning channel between 2 parties balancing sats every 5 mins based on exchange rate). The real balances of stable channel and cashu Mint liabllities are shown in real-time on the mint website https://stablenut.umint.cash
lmk for questions.
This is not true... Tornado cash had a shitcoin token, they ran a sever that was used for mixing. Writing software and posting on github is very different than running it on a server and knowing it is used for criminals purposes..!
that $2 will stay as $2 forever due to the mint using stable channel..
Checkout the mint page for realtime proof of reserves and liabilities..
mash.com is shutting down.. take out any funds if you have on their wallet.
Thanks. is it satellite.earth?
is any nostr client using NIP-29? #asknostr - relay based groups? https://github.com/nostr-protocol/nips/blob/master/29.md
WTF Starbucks Pay?
