e3
⚡ODT⚡
e3a83a08372bdbb662d6e415fcf5b805ef7bcb0b2387912cadad9d75b12b9a78
Paranoid crypto anarchist

Are trains and airplanes money transmitters? They transfer people with their money on them.

Isn't nostr & btc/ln what the internet could have been?

Or do you think those will follow the same path towards centralisation and control while going mainstream?

Replying to Avatar calle

Ok I've built this for fun and it's incredible.

A Cashu gateway: it's a normal Cashu user who has a Lightning node (or another Lightning payment backend). Everyone can act like a gateway as long as the mint supports ecash HTLCs (NUT-15).

If you as a Cashu user know of such a gateway, your wallet can send your Lightning payment request to it instead of to the mint.

The gateway responds with an amount (it can take a fee). If you agree, you send it ecash, and it pays your Lightning invoice. The process is atomic.

What does that mean? Let's think a little ahead and imagine this was deployed on a significant scale.

Even if the mint is full KYC for peg-in and peg-outs, a user could still make Lightning payments anonymously with the help of other users.

(!!! this alone would be huge !!!)

This would also enable us to make on-chain-only mints which opens up a whole new way of building mints (reserves could be in a multisig for example).

Crazy part: Gateways can be lazy and use custodial Lightning backends. The user doesn't care as long as the invoice gets paid.

Yes. That means you could use your Strike or Blink or LNbits account to act as a Gateway for a Cashu mint you like.

There could be many of crazy people like you. Nobody would ever know. Neither the mint. nor your LN service provider would notice. They all just see invoices.

It gets weirder. Gateways could use *another Cashu mint* as an LN backend. I know sounds like an inception nut but bare with me.

A user of mint M1 can ask a gateway of mint M1 to pay an invoice. The gateway could pay the invoice via mint M2 and receive ecash from M1 in return.

I always thought "you could run a mint for a thousand users on a Strike or a Blink backend without them even noticing the smallest thing".

Now I think you could probably run a mint for 100k users without them noticing, if there are other gateways handling payments for everyone.

Note: this is still experimental. Only paying works right now over the gateway, not receiving (more complicated).

The bast part though is that it doesn't require any Cashu protocol changes and the mints don't have to give you permission to do this.

It's all pretty nuts.

nostr:note142qdxj9dnp9nsmsuet9vw5pgtgtwj4e7vxv5qa0wvk8vdqy76cdqw3d5kr

First time in my life I'm saying this...

You crazy mother fucker!

But how is it pegged?

Also, an important factor for those that want USD "stability" instead of sats, is interconnectedness to the banking system.

The usual question about Bitcoin (at least from my circle) is "ok, how can I buy stuff with this?". For example, a Visa card you top-up with BItcoin makes more sense. You can pay almost anywhere in the world, with your Bitcoin.

Stablesats do not offer this interoperability, they only provide a USD peg. So you hold USD value but can only send it over BTC/LN. Still useful I guess, for those that live in Bitcoin countries like El Salvador.

I know that in the end, all those will converge, and LN/Cashu will replace (or used in conjunction with) Visa/Mastercard. I can't wait to see how this plays out.

Captchas are annoying, but even more is the complete block due to a VPN.

I can't book my cinema tickets while using a VPN.

Stable in fiat means a stable rate of devaluation, not stable valuation.

Human life is very short, and the earth big.

I don't believe in property (any more) other than Bitcoin.. Anything else you think you own is just a rental for as long as you live.

Tax on land is basically protection. You pay to have the land as yours. Otherwise, what does land property even mean, without protection of the claim? Who says what is whose? And is that up for debate, by whom?

Doesn't property / inheritance tax mean that land is rental and not property?

Despite the words we use for it.

I'd like to add that even though a self hosted email provides better privacy, not all service providers accept it.

Some of them require your sign-up email to be from a "known" email provider, and not your own.

It is outrageous but what can you do?

Thanks a lot for the quick reply!

I can see the icon turns black (from gray), so I guess this is the refresh indicator.

Does pull to refresh work on #amethyst? I can pull and see the refresh icon but it doesn't "click" in the end, it just jumps back up.

#asknostr #questions #nostr

Why do so many people recommend #primal? I can't #zap with it unless I "activate my wallet". To activate my wallet, it asks for first name, last name, email, date of birth, country of residence. Is this a bank or a btc/ln wallet? I remember it being a lot simpler in #Damus, #Plebstr (these are not options any more, unfortunately).

I haven't tried it yet.

I just know it's a very popular alternative that people like. But now I noticed that in your article, you only list 1 of each distro tree (debian is missing too!), is that on purpose?

Any self-hosted solutions for sharing files behind a LN-enabled paywall? As in, pay to download.

#asknostr #self-hosted #lightningnetwork #sats #freedom