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Running a Cashu mint - best practicesgist.github.com/callebtc/ec4d41582e356b63989f7a9a57bba831
847 sats \ 7 comments \ @Rsync25 23 May 2024 lightning
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0 sats \ 0 replies \ @Muuny 23 May 2024
this thread is cursed, def ears....
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0 sats \ 5 replies \ @south_korea_ln 23 May 2024
Cashu mints are not meant to obfuscate the origin of illegal funds or to allow bad actors to abuse public infrastructure. On the contrary, ecash is a technology that can be very useful for enabling payments for local or online communities, serve users of digital services such as games, social media platforms, or for content monetization. These are the use cases that we want to enable in the safest possible way.
I do wonder who will be the primary users of ecash. Will this be the obvious improvement on Wallet of Satoshi type wallets where the custodian knows all the details of every transaction?
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2 sats \ 2 replies \ @justin_shocknet 23 May 2024
primary users of ecash
Same user as dollars, its a pilot for the US treasury being pushed by spooks with ties to the banking sector
It doesn't add privacy to Bitcoin, those still ingress/egress through the custodian who can now aggregate all that metadata... it's a major coordinated attack on privacy
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0 sats \ 1 reply \ @030a29f333 23 May 2024
That's quite a statement
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2 sats \ 0 replies \ @justin_shocknet 23 May 2024 freebie
Not really, it's out in the open
You didn't think these shitcoin projects were raising 10s of millions of dollars out of the blue, plus grants from NGO's, for lies about privacy, did you?
https://m.stacker.news/32259https://m.stacker.news/32260
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0 sats \ 1 reply \ @TNStacker 23 May 2024
I think primary users will be families and communities in developing, unbanked populations.
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21 sats \ 0 replies \ @south_korea_ln 23 May 2024 freebie
That would be a great outcome.
But I wonder how much someone from an unbanked community cares about privacy.
I can see that happen though with stablecoin ecash. I guess that'll be a obvious usecase. Have your own little USD mint and be protected from your own fiat being devaluated against the dollar.
Of course, I'm all for native bitcoin. But here we're talking about ecash, so i guess that would be acceptable.
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