0 sats \ 3 replies \ @SwapMarket 23 May \ parent \ on: Thinking through Cashu bitcoin
I've been reading and thinking about it. You are the receiving wallet, you try to swap, but the original mint does not respond. Now what? You display an error to the client and reject his cashu coins? Does he have a recourse to the guy who sent him these coins?
write
preview
0 sats \ 2 replies \ @moneyball 23 May
This would mean you never received the payment.
reply
10 sats \ 1 reply \ @SwapMarket 23 May
So it is not really a bearer asset. It is rather a key to access your bitcoin at a custodial mint. If you give this key to another person he must immediately exchange for his own key or reject the payment. Accepting a lightning payment right away is better UX.
reply
10 sats \ 0 replies \ @moneyball 23 May
Kinda. It is a bearer asset in that if you lose the token you lose the (claim to the) money.
Accepting a LN payment right away requires online access and interactivity. If you have that then you also can settle the e-cash payment immediately.
reply