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10 sats \ 2 replies \ @kevin 14 May \ parent \ on: Thinking through Cashu bitcoin
If you don't like Phoenix then use something else that doesn't route to an LSP. Many options exist: Blixt, Zeus come to mind.
You need to understand the tradeoff that you're making here - in Cashu (and other ecash solutions) the mint can take your money at any point and run away with it. With Phoenix you expose information about your transactions to a third party. Would you rather have your money or your perfect privacy?
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521 sats \ 0 replies \ @48f396bf65 14 May freebie
For everyday spending, I'd much prefer perfect privacy, given the very low risk of a rug.
Agreed on your point that users need to understand the tradeoffs though.
Also, not every user can (or will be able to) afford the on-chain fees necessary to open a lightning channel.
0 sats \ 0 replies \ @crrdlx OP 14 May
Nicely put. Someone in economics said, "There are no wins and losses, only tradeoffs."
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