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111 sats \ 2 replies \ @freetx 21h \ parent \ on: Are Cashu mint operators breaking the law? bitcoin
Would be possible but much more complicated. First off you have the dreaded liquidity issues: Is the beer seller going to rebalance his liquidity channels mid-operation to get more inbound liquidity.....
More to the point though, the purpose of "tickets" is that the organizer takes a cut. So you sell beer-for-tickets and at the end of the show the vendor redeems the tickets they earned back to festival organizer for 70% value in cash (or whatever).
Point is, CashU most directly fits that model as Cash Tokens = Tickets pretty directly.
Yeah, liquidity rebalancing is something that is best automated on LN. The mint will have the same issues (and I think I've seen this issue in the wild this year, twice) but it's centralized so it can spend more time on it.
I don't disagree that the solution could be fitting for a festival. Either way it should be possible, preferably without permission. The world isn't ready for permissionless though; half my discussions nowadays are with people that use GPT to try and show how smart they are.
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Is the beer seller going to rebalance his liquidity channels mid-operation to get more inbound liquidity.....
Cant he use Coinos?
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