Yes. And yes.

Rugpull: it’s still a custodial service. Consider Wallet of Satoshi or Alby, two popular custodial Lightning services. eCash delivers a specific benefit over these services by dramatically improving the users’ privacy. But one still must be aware of the risks of not holding your own keys.

Fractional reserves: this is a risk with any custodial service, especially when you get into using a medium that represents the thing held in custody (cash to gold) rather than making daily withdrawals/transactions in the asset itself. As with above, a custodial Bitcoin service (without eCash) could still do this; banks can do this. Some do. But the option exists for demonstrating proof that the assets in custody are a 1:1 ratio to the tokens issued. How that would work is definitely beyond my technical knowledge, but my understanding is that it’s possible.

So - tradeoffs, as with everything, but arguably better tradeoffs than existing alternatives. Hope this helps 🫡

eCash is a custodial but very private way to send a “bearer instrument” (like cash) back and forth, but (unlike wallet of satoshi) the custodian doesn’t really much about who transacts with who, or for how much, thanks to the cryptography involved.

With Cashu, it’s an eCash protocol, but instead of representing dollars (which is why the first eCash experiments failed), a Cashu token’s value is pegged to Bitcoin, and the custodian (“mint”) presumably hold exactly the right amount of Bitcoin in relation to the value of the Cashu notes they have issued.

Happy to answer questions if unclear; I’m still learning this myself 🤙

Our OS will eventually be more and more open source so we get more and more developer interest + mindshare + third party web / flutter apps written with our devices in mind

Yes, and I would say that again.

Join us.

#Bitcoin

In all seriousness, where do you see the future of Nostr? So far it would seem that the growth has slowed down and we are just flat. Many apps has been created but only few are maintained and not dead yet. What are we missing here? Did the novelty start wearing off and we are just lacking anything that normal user would see as worth exploring here? 🐶🐾🤔🤔🤔

yoooo

yes, i love chess

Such a great design! Did you make this?

Is there an instagram style nostr client?

Our nostr page is growing faster than tik tok.

Bullish ☀️