Damus
Repeatedly nuked profile · 23w
There are some critical ways in which backups won't help in a Cashu context. The backup can actually be the source of the rug, since the only way a Cashu mint can function is by being a single, author...
brugeman profile picture
I would separate rug pull risk from service failure risk. Cashu is custodial without unilateral exit so with or without enclave, if mint goes down, funds are inaccessible. To me it looks like rug pull risks are minimized with enclaves - we could get a lot of independent mints all running verified code, which sounds quite awesome. The rest are reliability questions: backup might be sync real time, coordinator can live in another enclave, dns record can be controlled by the current master, updates don't require a blockchain - just a set of signatures by pre-declared maintainers (that's my current approach). Not that it's a proven set of solutions, or that I am against the blockchain, but I think more experiments are needed to figure out the actual problems and solutions.
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Repeatedly nuked profile · 23w
The biggest issue with Cashu is that even with cloud enclaves (of any kind) there is no escape from central control, and central control means the central controller can rug the token holders. Cashu basically mandates central control no matter where deployed. If you look at all the ways to build tr...