Damus
PABLOF7z · 85w
THE MONEY IS IN THE NOSTR! πŸ‘‰ Create a new npub AND DOING NOTHING ELSE, no WoS, no nostr-wallet-connect pairing,... NOTHING β˜‘οΈ receive zaps β˜‘οΈ send zaps β˜‘οΈ and most importantly ACCESS ...
MiddleWay profile picture
A cashu mint can create sats without locking actual Bitcoin (Fake Wallet https://github.com/cashubtc/nutshell/blob/f32099bce7ecca54338ebc1a551883fbdb883af2/cashu/lightning/fake.py#L31). So the zaps you receive may or may not be real, i.e. convertible to Lightning sats. So you should either zap those sats onwards, or withdraw to a real wallet asap (claim from the mint).

It this thing takes on and there will be lots and lots of such (potentially fake) sats on Nostr, this will inflate Bitcoin supply and damage it's reputation when many sats turn out unclaimable.

TLDR I hate this shitcoinery.
93❀️4πŸ’œ1πŸ”₯1πŸ€”1πŸ€™1
PABLOF7z · 85w
Free banking.
Ronin · 85w
There is never inflation of bitcoin supply, either you have bitcoin or you don't.
Vic · 85w
yes. this is 100% by design and intentional for a sovereign mint operator. the cashu spec doesnt require backing by sats, nor does it require the operator to fullfill outbound payment requests
crany πŸ‘½πŸ§‘πŸ—Ώ · 85w
this should not consensus in the ways of Satoshi #ProofOfWork
Hynek · 85w
It’s actually nice plausible deniability
ynniv · 85w
I reserve "shitcoin" for bad faith efforts, and I think cashu is a legitimate effort to solve a hard problem. Still, it has serious flaws.
GrumpyGardener · 85w
I'm glad someone else see this shitcoinery.
dwarner5522 · 85w
This isn't shitcoinery. It's a legit method to possibly evolve the ecosystem. With that said though, I agree that there needs to always be actual sats backing any ecash transaction. Also need redundancy in the ecash mints. Could there be a way maybe to require ecash mints be in clusters of 4. ...
Eluc · 85w
How can you be sure that the sats in your WoS or Alby wallet are real before you spend them? How can you be sure that you will be able to spend your BTC on a centralized exchange tomorrow? Same with mint, you are not sure, except you are not expected to keep any valuable amount on a mint, once you h...