How Many Sats Are You Comfortable Having in Ecash? \ stacker news ~AskSN

How Many Sats Are You Comfortable Having in Ecash?

648 sats \ 50 comments \ @OT 6h AskSN

How many sats would you be uncomfortable with leaving in ecash? Either fedimint or one of the cashu mints.

less than 1000 sats21.2%

1000-10000 sats30.3%

10k-100k sats33.3%

100k-500k sats9.1%

500k-1m sats6.1%

more than 1m sats 0.0%

33 votes \ 18h left

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142 sats \ 2 replies \ @SwapMarket 4h

ZERO. Anonymous mints cannot be trusted. Non-anonymous will be chased by the feds and can be shut down any moment. Mints are scams.

0 sats \ 1 reply \ @OT OP 3h

fair...

How about "non-anonymous" liquid? They have something similar. Are they just not big enough yet?

26 sats \ 0 replies \ @SwapMarket 2h

You can't replicate what they achieved with any other "federation". Bitfinex and BitMex are already big enough and long running for me to trust a few thousand sats. And quality of the devs work is very high. Compare Boltz repo to something like Robosats, it is day and night. Rootstock claim they are the longest running sidechain, but I see no progress there in all these years. They comfortably sit with their premined token and are not motivated to do more. Liquid has no token other than Bitcoin, they are incentive compatible with it. And mints, they are just pyrhon scripts with a built-in cheating mechanism (fake wallets).

63 sats \ 0 replies \ @mdominicorobin24 3h

Less than 1000 SATS is what I am willing to store in Ecash. It is just too shady to begin with.

52 sats \ 2 replies \ @Hamza15252 6h

Because im new I don’t understand e cash so well I wouldn’t want to keep my savings in it

14 sats \ 1 reply \ @OT OP 6h

So 100 sats would be too much?

10 sats \ 0 replies \ @Hamza15252 5h

Because I don’t understand e cash I would rather keep my satoshi

100 sats \ 2 replies \ @TheWildHustle 3h

I'm at the 1-10k mark

I have 3k sats in cashu.me with the e-cash split between 3 mints

Using the minibits, coinos, and oxchat mints for now.

I'm playing around with the NIP60 wallet because I think it has a lot of potential, could see myself permanently holding my daily zap amount in the thing, would be cool if cashu.me had maximum threshold and automatic withdraws like the SN wallet, multipath payments too.

Hustle would like:

2 nostr wallets that follows my npub to each client (a checking and savings)
The checking would have a threshold of 1k sats split between 5 WOT mints
Anything above 1k would be sent to my nostr savings
My nostr savings would be split between 10 WOT mints
The savings would automatically withdraw multipath payments to my lightning node every 24 hours.

Everyone doesn't need to go down this path, they'll be free to use their lightning nodes and nwc, the above is just what Hustle would enjoy. I understand that the e-cash is more like interoperable credits that can be rugged from an intermediary, hopefully small amounts, automatic withdraws, wot, and multipath payments limit the cost of doing business with the mints.

0 sats \ 1 reply \ @OT OP 2h

Thanks for the detailed response.

So that sounds like a maximum rug of 1000 sats if a mint were to disappear.

0 sats \ 0 replies \ @TheWildHustle 2h

Yep,

82 sats \ 2 replies \ @398ja 3h

I left 10k sats on the legend.lnbits.com mint and it disappeared without warning. 😩

0 sats \ 1 reply \ @OT OP 3h

Too much to lose?

Was that the default LNbits mint for testing? I think they gave about 6 months warning (if I remember correctly).

0 sats \ 0 replies \ @398ja 1h

I clearly didn't pay attention. That's ok.

51 sats \ 2 replies \ @megaptera 4h

It depends who runs the mint.

0 sats \ 1 reply \ @OT OP 4h

Fair.

So a mint that has been around for 1 year? 2?

45 sats \ 0 replies \ @megaptera 4h

I would prefer a mint who is run be people I or a community I know trust. On the other hand this could be an issue if the operators are known. Its not an easy question.

42 sats \ 1 reply \ @ravener 3h

ecash looks fun like a gift card thing, but I wouldn't hold them there, I believe you should trust a mint to the same extent you'd trust a central exchange, you never know.

0 sats \ 0 replies \ @OT OP 2h

Fair enough.

42 sats \ 0 replies \ @leonidastouch 4h

1000 to 10000 SATS. They can close shop anytime so it is better to leave behind a few. Just a few.

42 sats \ 3 replies \ @0xbitcoiner 6h

The same as in an LN custody wallet!

0 sats \ 2 replies \ @OT OP 6h

So what amount is that?

0 sats \ 1 reply \ @0xbitcoiner 5h

nice try fed! Ahahah

I already voted.

22 sats \ 0 replies \ @OT OP 5h

Ahh, I see you!

The Fed see's everything

146 sats \ 16 replies \ @DarthCoin 5h

ecash is NOT for holding! This is like saying: how many gift cards you are comfortable to keep.

10 sats \ 0 replies \ @Nuttall 4h

Wow! Great analogy. Except ecash gets screwed by DNS and at least gift cards have a number and pin.

0 sats \ 14 replies \ @OT OP 5h

Why did you make a guide to link cashu to Albyhub then?

0 sats \ 13 replies \ @DarthCoin 5h

Did you read it? What did I said there?

0 sats \ 12 replies \ @OT OP 5h

You show a few different ways to use Albyhub. You go through each option and one of them is cashu.

You don't remember?

120 sats \ 11 replies \ @DarthCoin 5h

So? Seems that you read from my guides only what you want to hear. The guide is how to use Albyhub, not how to stash your sats with ecash. Just by asking this question, you demonstrate that you didn't understand what is ecash.

0 sats \ 10 replies \ @OT OP 5h

I think you know what I meant. Under 1000 sats is not like stashing sats. Its for spending and receiving small amounts. I'm not asking people to store their sats in ecash. Ecash is NOT bitcoin.

345 sats \ 9 replies \ @DarthCoin 5h

How many sats would you be uncomfortable with leaving in ecash?

What does it means "leaving" ? You didn't specified how much time: 1h, 1 day, 1 month, 1 year. You could have your own mint or using others mint. Are two different situations.

If I run my own mint, for family and friends and I am their custodian is not the same as if they use a random mint. They can still use and pay easily any LN invoice with their ecash wallets, but that doesn't mean I do not have to take care of the LN node liquidity for them. In that case, how much are you willing to have in a ecash wallet?

You didn't specified how to use ecash or what for. That could create even more confusion for noobs. Some of them now will even think "hey I came for Bitcoin and I find out that is "something else" this ecash...".

10 sats \ 8 replies \ @OT OP 5h

There's plenty of info about that. This is just a simple poll on the topic.

The reason I'm asking is that I'm currently using cashu on the back end of Albyhub and its having some issues. When a payment doesn't work I immediately remember that this could get rugged at any time so I shouldn't leave too many sats in there. For me the threshold is around 5000 sats. When I get more than that, I withdraw to my LN wallet keeping between 1-3k in ecash to use for zapping, posts, polls and comments. But that's just me. Some people might be comfortable leaving more in an ecash wallet. This poll is to find out.

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0 sats \ 0 replies \ @clr 2m

Zero

0 sats \ 0 replies \ @BlokchainB 40m

Part #1

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

0 sats \ 0 replies \ @sangekrypto 2h

I just saved 1000 sats in ecash, maybe when I have collected it I will increase my savings.