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Hmmmm. Interesting....
So its possible to clean stolen/hacked bitcoin with cashu tokens.....
💡
🤔
No. KYC is to the person not the utxos. There is no kyc on bitcoin. It simply links you to a utxo. Sending the utxo to cashu or even to whirlpool doesn’t get rid of kyc. It obfuscates the spending of a utxo. If foe any reason an authority wants to force you to prove you still haven’t sold your bitcoin without properly paying capital gains on it then you would be facing that issue. There is an important distinction. The transaction can be hidden but the legal obligations of kyc in the future aren’t removed. The kyc is at the custodian not the blockchain.
I fucking love my network. Which includes you. 🫂
People get confused about cashu because they haven’t updated their thinking. Cashu is a protocol. It overtly isn’t bitcoin, therefore that argument doesn’t hold weight.
You can issue any kind of asset on cashu. I have used cashu in dollars. We are using the cashu protocol to issue bitcoin. It is the best most private alternative to custodial lightning. Perfect privacy, can’t be individually rugged or censored and you hold the bearer iou on device.
It isn’t self custodial bitcoin. Nothing is. And calle has been clear about that from the start.
You can issue any kind of asset on cashu. I have used cashu in dollars. We are using the cashu protocol to issue bitcoin. It is the best most private alternative to custodial lightning. Perfect privacy, can’t be individually rugged or censored and you hold the bearer iou on device.
It isn’t self custodial bitcoin. Nothing is. And calle has been clear about that from the start.