reply on: Running a Cashu mint - best practices \ stacker news ~lightning

pull down to refresh

0 sats \ 5 replies \ @south_korea_ln 23 May \ on: Running a Cashu mint - best practices lightning

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?

2 sats \ 2 replies \ @justin_shocknet 23 May

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

0 sats \ 1 reply \ @030a29f333 23 May

That's quite a statement

2 sats \ 0 replies \ @justin_shocknet 23 May 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/32259 https://m.stacker.news/32260

0 sats \ 1 reply \ @TNStacker 23 May

I think primary users will be families and communities in developing, unbanked populations.

21 sats \ 0 replies \ @south_korea_ln 23 May 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.