It's custodial, but something like this could solve minimum payouts and privacy issues for pleb miners that can't manage to find somewhere to generate a bolt12.
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It's custodial, but something like this could solve minimum payouts and privacy issues for pleb miners that can't manage to find somewhere to generate a bolt12.
It's custodial and also creates a token. It looks like that token will be used in a speculative futures market.
All ecash mints mint a token whether they call it a token or not - it's all tokens. Bitcoiners seem to be into these tokens though (at least the ones on podcasts who have all made their peace with IOUs this cycle). "BUT JUST FOR POCKET MONEY!" they yell.
I'm a less bullish on ecash than most, but I also have sympathy for these non-custodial-doomers.
It is interesting, particularly the speculative aspect, where people ordinarily without access to markets can shoot for the moon.
But where is the market for these futures? They (the mint) are the market? You sell ehash for sats by swapping tokens in the mint?
If so, how does price discovery work?
I imagine they expect a market to form and prices are discovered out of band where miners/traders trade "immature" ehash. By some mechanism, as the pool mines blocks, the ehash gains value.
I think ecash is fun thus why I drop a nut in the saloon everyday. With lightning being so hard I think ecash is the easy way out.
It would be great if people could run their own mint say on a start9 but since the common person can’t do that then the rug risk is too great
This graphic is ... interesting.
What a D-??? That is crazy it’s at least a C+ maybe even B
So it's a Cashu token, but the unit isn't sats, but "ehash"?
And you don't mint them (buying them with sats), they mint them and give them out to the miners in their pool? And they can anonymously change hands? Why is that useful?
And after a while their value (in sats) is determined, and you can swap them for tokens of unit sats, and melt them for lightning sats?
Lol Bitcoin ecosystem looking đź’©coiner everyday. Use to proud to be a Bitcoiner now I am most proud for being a Pleb.