Damus
calle profile picture
calle
@calle
After months of work, I've discovered a way to build Chaumian Ecash mints on Lightning that don't hold the users' funds.

It's not clear to me yet whether this can actually be made useful or it's only theoretically possible but the sheer possibility makes me incredibly excited.
3616โค๏ธ72๐Ÿค™29๐Ÿ‘€14โค๏ธ4๐Ÿงก4๐Ÿš€3
RamenCoffee · 110w
does that remove the rugging risk completely? if so, it's a major breakthrough.
NotSatoshi · 110w
Youโ€™re the man
Happyโ‚ฟear๐Ÿ‡ฎ๐Ÿ‡ฑ · 110w
don't know what this means but it sounds awesome! hope it will be realized to something real!
calle · 110w
Oh I should mention that there were around 69 failed attempts before I found a solution that might work. Gotta enjoy the process or lose your mind on the way.
๐Ÿ„ท๐Ÿ„ธ๐Ÿ„ถ๐Ÿ„ทโ—๐Ÿ…‚๐Ÿ„ฒ๐Ÿ„พ๐Ÿ…๐Ÿ„ด · 110w
https://image.nostr.build/0c70169b7637fd95203a741e22a917e79bb417b99f899a61d3518c844797d737.jpg
Gigi · 110w
๐Ÿ‘€
Beiner · 110w
I just lost my sats from minibits so untill this improves im sticking to what works and tgats the strike app
average_bitcoiner · 110w
Define "on lightning" plz
J.G.Montoya.Hodl · 110w
That sounds pretty magical
Dylan · 110w
Ecash disrespectors are in shambles right now
Stirling Forge · 110w
Let it rip!
Fanis · 110w
? https://cdn.satellite.earth/89d2ea9a8511545bea569c903d43e134a3c2422fc0cff63049ad41b945e4c1b0.jpg
Moss · 110w
๐Ÿ’ฏ๐Ÿซ‚๐Ÿ’œ
Golbez9๐Ÿ”ฉ๐Ÿค˜ · 110w
๐Ÿ‘€
nostrich · 110w
๐Ÿ‘€
JeffG · 110w
๐Ÿ‘€
chancellor · 110w
What is the risk of double spend? I am not technical enough to understand all of this, but it seems the further removed from on chain, the greater the risk of double spend. Maybe I'm just dumb and there's no risk of this?
Richard โ€œDickโ€ Whitman · 110w
True if big
Joda · 110w
Multisig with Coinbase? That's it, isn't it? Multisig with Coinbase.
lemon · 110w
Are you saying on-custodial Ecash?
Nick Slaney · 110w
Calle is it just lightning
Indonesia โšก Lea Octaviani ๐ŸŠ · 110w
is it complex?
ZmnSCPxj · 110w
Is it based on the idea that you can provably encrypt the token to a pubkey, and atomically providing the corresponding decrypting privkey as a scalar to a PTLC?
captjack ๐Ÿดโ€โ˜ ๏ธโœจ๐Ÿ’œ · 110w
critical point since mint custody is based on trust - also liability but mint where fund originated from still need to be online as is now?