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1 sat \ 7 replies \ @thebtctoto 11 Jan 2023 \ parent \ on: Cashu Browser Wallet bitcoin
Thanks, that link didnt work but i was able to find more info with it. Still not understanding why do this instead of say a fedimint protocol that uses sats and provides privacy. Why mint your own ecash ? Thanks for the post and replies.
cashu is a centralized alternative to fedimint. simply running your own cashu server with only yourself as the user doesn't give you any privacy benefit. but if you use a cashu server that a bunch of other people use, then you have a crowd to hide in which increases your anonset.
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Is it centralized if anyone can run an instance? We don't call LNbits centralized, do we? Or web servers.
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any given instance is centralized. we generally call a service that relies on a central server "centralized".
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So i could mint totoro coin for my totoro market, people use sats to convert to totoro coin and trade goods all day in totoro market...and then convert their totoro coin at end of day back to sats when they want to exit. Is that right? Is it like a casino with chips essentially ?
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pretty much yeah. But you can ask the casino to make payments for you directly (hiding in the crowd)
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And when i ask the casino to make payments for me not even they know if it was me or some other patron of the casino ? I appreciate the replies everyone.
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Yes exactly! the tokens are created with blind signatures, the casino will only know that it is a valid token, but not who created it.
watch @calle explain it here:
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