10 sats \ 1 reply \ @SwapMarket 23 May \ parent \ on: Thinking through Cashu bitcoin
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.
write
preview
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