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0 sats \ 5 replies \ @ek OP 26 Oct \ parent \ on: Are Cashu mint operators breaking the law? bitcoin
There are no true offline payments in Cashu.
They keep saying "offline payments", but it's not true. One of sender or receiver has to be online and contact the mint. All they mean with "offline" is that not both have to be online at the same time.
Keywords are here P2PK and DLEQ proofs.
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0 sats \ 4 replies \ @DarthCoin 26 Oct
even then, that doesn't make them "transmitters", but only "validators". As I said: did you consider the US Mint as money transmitter?
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0 sats \ 3 replies \ @ek OP 26 Oct
The transaction cannot happen without the mint. That’s not just validating.
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0 sats \ 2 replies \ @DarthCoin 26 Oct
Also the US Mint is the one that says a USD bill is fake or not. That doesn't make them transmitters.
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0 sats \ 1 reply \ @ek OP 26 Oct
Yes, the US mint (money printer?) is not a transmitter.
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0 sats \ 0 replies \ @DarthCoin 26 Oct
and that's we call it "mint" and not "transmitter"
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