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286 sats \ 8 replies \ @KLT 22 Jan \ parent \ on: Starting a Family Or Local Federation? ecash
If you plan to be the only custodian for your family you don't need to build up a federation, and you could use Cashu instead of Fedimint. It's working already and integrated as a module of LNbits, so it should be easy to set up.
Are there any tips to set this up for non dev folks that you could point to?
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307 sats \ 7 replies \ @ama 22 Jan
Have a look at this article: https://bitcoinmagazine.com/print/how-to-guide-running-an-ecash-mint. From it:
"As a user, click on the extension and create a new Cashu mint. Enter the details for your mint and select the backend wallet that will be used for funding the mint. That’s it! You can copy the mint URL and use it with any Cashu wallet, such as Nutstash.app or Cashu.me."
It sounds easy, once you have your LN node and LNbits set up, that is.
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286 sats \ 6 replies \ @KLT 22 Jan
Have a look at this article: https://bitcoinmagazine.com/print/how-to-guide-running-an-ecash-mint. From it:
"As a user, click on the extension and create a new Cashu mint. Enter the details for your mint and select the backend wallet that will be used for funding the mint. That’s it! You can copy the mint URL and use it with any Cashu wallet, such as Nutstash.app or Cashu.me."
It sounds easy, once you have your LN node and LNbits set up, that is.
Appreciate you sharing this. Going to give it a try now as I have an LN node setup via LND and just installed LN Bits
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940 sats \ 5 replies \ @ama 22 Jan
https://www.reactiongifs.com/r/abdc.gif
Report back when you try, please. I'm interested as well, but I haven't set up my own LNbits yet... :-)
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286 sats \ 0 replies \ @KLT 22 Jan
Just tried it with a small deposit of 5,000 sats from a custodial lightning wallet to my own mint and it worked! Pretty impressive!
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0 sats \ 3 replies \ @KLT 23 Jan
https://www.reactiongifs.com/r/abdc.gif
Report back when you try, please. I'm interested as well, but I haven't set up my own LNbits yet... :-)
Question. If I deposit 100k sats into my mint, I of course see the total mint balance as 100k sats.
If my wife joins my mint and she deposits 100k sats, does she see a total of 200k sats or she just sees what she herself deposited into the mint?
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21 sats \ 2 replies \ @ama 23 Jan
She should only see hers, and so should you if you use the Cashu wallet (eNuts, etc.), although the mint has 200K and you should be able to see it on the server. I can't tell you how, since I haven't installed LNbits, yet, but this is what I understand from all the readings about it. I hope it helps.
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0 sats \ 1 reply \ @KLT 23 Jan
That makes sense. Yea, using eNuts as well. I initially thought if anyone joined my mint, I wouldn’t see the balance increase from their deposit on the server but it sounds like I would see the balance increase in LNBits but I wouldn’t necessarily know who it belong to. Hopefully I got that right!
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0 sats \ 0 replies \ @ama 23 Jan
I think you have. Of course you'll know how many sats are there in LNbits, but the nature of echash makes it so that nobody knows who owns what inside the mint, not even the admin.
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