#cashu did I just get rugged? no sats anymore. https://mint.minibits.cash/Bitcoin is down? @CashuMints.space
NewBeliever
npub1hr6p...s698
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." H. L. Mencken, 1921
Such a chad.
#ecash #cashu #fedimint
Can someone explain to me who the fudge are these ecash mints? Not to dox them, but are they people? Or are they pieces of software? And why should I have to worry about trusting a mint? Why can't I just trust an open source mint protocol? That's really what I'm getting at. I don't even want to trust a 7 of 9 or whatever mint with 9 people involved. Can't it be that the ecash protocol is an automated single sig basic wallet that can create LN channels and it mints ecash on demand and we all just use the same distributed ecash mint protocol? (Is it possible to build a program which holds private keys that are unaccessible to even the coder of the program?)
I guess I really don't understand the likelihood of getting ecash rugged. And I'm not clear on how decentralized or robust the mints are from attack.