Cashu is not Bitcoin debate happening now \ stacker news ~lightning

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Cashu is not Bitcoin debate happening now

790 sats \ 19 comments \ @nelom 16 Oct lightning

I'm guessing you're with Will on this one @justin_shocknet 👀

Big Dev battle off on Nostr between Damus Will and Calle

"cashu is not bitcoin.

giving up sovereignty for custodied privacy is not a tradeoff I will ever make. not to mention it completely screws over node runners by forcing everyone into custodial solutions to transact.

run nodes, they are the most private thing you can do." JB55

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299 sats \ 2 replies \ @justin_shocknet 16 Oct

Aye, and as I've said before:

Calle is a scammer that hypes up circle jerking signatures to himself as innovation. His feed is an endless stream of larp bullshit. A pinko retard of the highest order.

ECash is not additive to Lightning in any way, it's just a lazy (fragile) authentication layer to a trusted server. Total gimmick.

63 sats \ 1 reply \ @Scoresby 22h

I have come to greatly appreciate Justin's take on ecash.

I remember when @TonyGiorgio posted his ecash is self custodial article (#395461) and calle came out with some pretty harsh criticism that it was a bad way to think about ecash tokens.

That's the thing: Ecash are tokens. They are a different coin. Maybe they are a shitcoin, but they might be a useful shitcoin.

Cashu is not bitcoin. However, I still kinda like it and I hope people keep building on it.

123 sats \ 0 replies \ @anon 8h

I like to think of cashu and l-btc as a stablecoin. One has a blockchain and one doesn't. Of course they're not bitcoin, they are tools that allow you to represent bitcoin and move value without losing bitcoin exposure.

73 sats \ 1 reply \ @redban 22h

wtf is cashu? New to this and already over my head. now I have to look up what cashu is. smdh

21 sats \ 0 replies \ @TheBTCManual 15h

A server that issues tokens backed you can send and recieve to other ecash mints or burn to redeem the underlying bitcoin

123 sats \ 0 replies \ @DarthCoin 23h

But we all know that is not bitcoin (just gift cards). So why now he's coming with this?

42 sats \ 3 replies \ @OT 22h

https://bitcoinforsignal.org/

Saw this going around the "debate"

21 sats \ 2 replies \ @SatAttack 19h

That’s really cool sounding but why have Cashu in place of lightning? Either way it would be a big deal to see signal do that but just integrate the LN imo

0 sats \ 1 reply \ @TheBTCManual 15h

to add a "privacy layer" i'm assuming

0 sats \ 0 replies \ @megaptera 13h

and speed and some offline capabilities

21 sats \ 1 reply \ @stack_harder 4h

who gives a fuck, cashu isn't trying to be btc, it's doing something different

21 sats \ 0 replies \ @jb55 3h

The problem is calle is actively marketing cashu as bitcoin. Their domain is called “bitcoinforsignal.org”.

calle loves to affiliate scam bitcoin. his ego is so high these days he doesn’t care

21 sats \ 1 reply \ @BallLightning 13h

"giving up sovereignty for custodied privacy is not a tradeoff I will ever make" Too bad that it doesn't matter what tradeoff you make, but what tradeoff other people make. If you want to have custodial solution for the masses, find a solution in which a totally new person is able to receive exactly 1 sat. Start first by acknowledging the problems with lightning, instead of aggressively dismissing them and bullying everybody that hints that the whole "you need to have money to receive money" is a problem.

21 sats \ 0 replies \ @jb55 3h

Lightning is flawed so shitcoin tokens is the solution? agressively dismissing and bullying this nonsense not accepted? Since when?

21 sats \ 0 replies \ @BeeRye 21h

i didnt know this was a debate...

0 sats \ 0 replies \ @flat24 1h

I completely agree, the most important thing is sovereignty and self-custody. I think cashu is not Bitcoin, it is something derived from bitcoin.

0 sats \ 0 replies \ @Sandman 13h

I think have heard of this before

0 sats \ 0 replies \ @d680ecaa8e 15h

CashU is manner of payment.

21 sats \ 0 replies \ @035736735e 17h outlawed

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.