Damus
calle profile picture
calle
@calle
non-custodial cashu ecash mints inside an enclave.

ecash mint + bitcoin private keys are generated inside the enclave and never leave it.

the mint operator can't rug the bitcoin.
neither can it rug the ecash.

I REPEAT: NON-CUSTODIAL ECASH MINTS FOR BITCOIN ARE COMING
369❤️22👀5🤙5💜3🧡21
ethfi · 20h
Peace out
calle · 20h
there are some technical nuances worth mentioning, but they're well worth the tradeoffs IMO. biggest win: regulatory. you can't access the bitcoin, so you're not a custodian. this would be massive. inflation: ecash mint can't print more than it receives in btc. this is what hal finney did with his...
Laan Tungir · 20h
This is fucking amazing Calle! Congratulations!!!
Derek Ross · 20h
This is the way.
leo · 20h
how does this black magic work, where can I read about it? btc ux basically solved??? 🔥🔥🔥
JuAnHu · 20h
Amazing! Can such a system be backed up reliably? In case of hardware failures and such.
JackTheMimic · 20h
By Enclave, what are we talking about? Is this hardware that has unknowable data? Or is it secured data? And if so, by what or whom? If it is secured by encryption, who/what knows the passphrase?(leads to rugging) If unknowable data, how does one prove the firmware on the hardware is genuine? (Was...
Phaedrus · 19h
I wouldn’t call running something in a secure enclave “non-custodial”
Freedom Tech Co. · 19h
The mint (or data center) operator can power off the mint so it's definitely ruggable The non custodial part though does have some technical nuance. And of course this approach ought to be much safer for users. Very nice!!
djmeistro✝️ 🍊💊⚡️ · 17h
https://blossom.primal.net/7a941817b2fc40d9af526529a8b4b652765f33683c99487f83df21866f10bb62.mp4
Dustin Dannenhauer · 13h
Rough ETA?
Momo · 10h
That would be the point that ecash qualifies as a layer?
Kush · 9h
Ship it G
Sync · 9h
So the is cashu custodial website will need an update ?
Tom · 9h
What I find most exciting about this is the private bank aspect. Once mints provably have no access to the bitcoin, operating one shifts from "custodian" to infrastructure service — suddenly anyone can run a kind of private bank without qualifying as a financial institution. And along with that, p...
Ralphie · 8h
How private is ecash im comparison to alternatives?
PayPerQ · 8h
If the enclave turns off completely, people lose their funds, corr?
2140.wtf #blockworkgallery · 7h
Nice one