I'm guessing you're with Will on this one @justin_shocknet đź‘€
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
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.
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.
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.
#1259056
wtf is cashu? New to this and already over my head. now I have to look up what cashu is. smdh
A server that issues tokens backed you can send and recieve to other ecash mints or burn to redeem the underlying bitcoin
But we all know that is not bitcoin (just gift cards). So why now he's coming with this?
problem is maybe that not all know, so it is just reminder before start using ecash.
https://bitcoinforsignal.org/
Saw this going around the "debate"
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
to add a "privacy layer" i'm assuming
and speed and some offline capabilities
who gives a fuck, cashu isn't trying to be btc, it's doing something different
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
"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.
Lightning is flawed so shitcoin tokens is the solution? agressively dismissing and bullying this nonsense not accepted? Since when?
For me, the biggest pro of Bitcoin is sovereignty.
I've thought for a while that maybe I'm too thick to get Cashu, despite understanding the tech quite well. I don't think that this is the case now.
There's a lot of energy, money and time going into Cashu, that imo would be better spent elsewhere. But who am I to decide how people expend their effort.
#1259056
I am actually helping you achieve your goals, my friend. Open your eyes, mind and heart instead of being consumed by anger.
https://beyondturbulence.blogspot.com/p/the-topological-antidote-to-drift.html?m=1
i didnt know this was a debate...
A debate ?
I completely agree, the most important thing is sovereignty and self-custody. I think cashu is not Bitcoin, it is something derived from bitcoin.
How so?
I think have heard of this before
CashU is manner of payment.
Custodial privacy means trusting a mint operator and that inherently reduces the permissionless nature of Bitcoin. The concern about undermining node operators is valid since widespread reliance on custodial tools can lead to atrophy in the peer to peer network. However it is also worth acknowledging that not everyone is in a position to run their own full node or transact directly on chain. Privacy preserving custodial solutions can serve as an on ramp for users who later move toward greater sovereignty..