Profile: dbdee246...

apart from us and like five shitcoiners nobody knows what sats are

I think people are using in the wrong way these public cashu mints.

A good example of using cashu mint is nostr:nprofile1qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqqyzlsj0g0jjs9ntlc97qenlj93yyrc8kvks7r74m99d7e08ta343j6f7elyx.

They created a local community mint and promote it around their merchants and users. That add a good trust level and communication between users. I think this is the main utility for a cashu mint.

If you do not have a local community mint, and you have to use a random public one, then better use these lists and choose wisely:

- https://audit.8333.space

- https://bitcoinmints.com

Use them with small amounts and do not keep everything in just one mint. I hope soon we will have multi-mint spending so will be easier to manage multiple mints.

Don't abuse these mints! I've seen people using them as coinjoin services... that's wrong. Moving around large amounts of sats through mints you are disrupting their liquidity with unnecessary transactions. Behind every mint is a LN node. Not all have a good management of liquidity and you will encounter problems, stuck funds, lost keys etc.

People must understand how mint tokens works, are not just some papers where it says "IOU x sats"... are more than that and are many technical details that cashu devs didn't explained to the end user so well. So do your own research and read how these cashu tokens works.

most cashu users dont have their own community's mint

you commenting under a post about a fucking fork, are you a full retard? 😄

Like the last time, when she told you about Luke's plans to cause a fork, that suppose to be bullshit then? Get a grip

who stops you from running oldest bitcoin implemention? Bitcoin was unkillable and now its gonna die because you dont like new node version?

Replying to Avatar hodlbod

Well explained, I hadn't really thought about filters as a vector of trust before.

It's interesting that you didn't call out web of trust as a spam prevention strategy, because that is implicitly the subject of the post.

Web of trust seems to work pretty well on nostr for reducing spam, but ironically destroys something like bitcoin which requires global (objective rather than subjective) consensus.

I happened to be reading about XRP this week (don't ask), and discovered that in lieu of proof of work, or even stake, their sequencers are validated by being included on other nodes' "UNL" s, or "Unique Node Lists", and don't receive fees for mining blocks.

These lists have to be meticulously curated, because any significant deviation between node policies will delay or even stop the network. At best, this curation happens on the social layer, and is in no way adversarial. If you break social consensus, you get kicked off the island and lose the ability to sequence transactions. XRP has 190 nodes, but only 35 are generally trusted to validate the network. To make matters worse, XRP curates a UNL which they encourage the network to use, and "carefully vet" node runners before including them. XRP is completely permissioned; it is no more decentralized than the Fed's board of directors.

I write all this because XRP demonstrates that web of trust is inherently exclusionary, and can only work to the extent that that is desirable (as in a "compliant" digital currency). It may have a minor role to play in decentralized systems, but only to the extent that those systems need not be considered "open", i.e., permissionless.

Again, this is ok for curating feeds on nostr, because I do not want access to my attention to be "open". Network partitioning is part of nostr - there is no "global". There is only my subjective, incomplete view of the network. Strategies other than web of trust are important for bootstrapping new users' reputation. But money has to work for everyone, at all times, and requiring reputation to transact essentially creates a social credit based permissioned monetary system.

💯

after few years in Bitcoin those big guests sound like they milking the one "groundbreaking idea" they had. The longer you listen to bitcoin podcasts the less interesting they sound. Not a fault of hosts or guests is just the same conversations. And just as once you left fiat podcasts you will also leave bitcoin podcasts (at least for some time) to dont start hating the thing that gave you so much fun. After a while the interesting ones are episodes where people talk about their life and people and leave bitcoin almost entirely. Tradfi bros larping as bitcoiners are most boring guests after you listen to them once or twice.