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10 sats \ 2 replies \ @SwapMarket 14 May \ parent \ on: Thinking through Cashu bitcoin
Out of curiosity I installed cashu wallet to a fresh ubuntu VM that had nothing else, with test MINT_URL=https://testnut.cashu.space as per the manual. Then I minted some coins WITHOUT PAYING THE LIGHTNING INVOICE:
https://m.stacker.news/30917
Right there they demonstrate this is a scam. Cashus can be issued with no bitcoin backing.
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0 sats \ 1 reply \ @0245bdaef2 14 May
You’ve proven nothing other than your own incompetence or malice.
I’ve lost interest in you.
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10 sats \ 0 replies \ @SwapMarket 14 May
You must be a scammer who has a vested interest to shill this shit. Here are the steps you would do:
  1. Create a forked mint that will accept real lightning sats but issue cashus from a fake wallet (MINT_BACKEND_BOLT11_SAT=FakeWallet).
  2. Gain reputation and post fake reviews for some time, redeeming your own fake cashus for real lighting sats.
  3. Rug pull then the accumulated balance gets high enough.
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