This is going into an uncharted territory...! But the peg is staying strong... Lots of people ask what happens when BTC price goes below 50%? The real question is what happens when price goes above 50%? We will find out soon...! Find out more at https://umint.cash

One thing I don't understand why the stable tokens keeps increasing no matter if the BTC price goes up or down..! It is good to be in $$ printing business I guess??

Enabled "EUR" cashu token on https://stablenut.umint.cash/ check it out on cashu.me or minibits wallet. Here's the PoL which is available at https://umint.cash/pol#pol

BTC price is up and down.. It is ok for my HODL bags long term, but if I am planning to spend some sats either through zaps or pay for services, better to keep it pegged to USD. cashu tokens let's you do it in a much easier way through lightning. Simply use any cashu USD supported wallets such as cashu.me or boardwalkcash.com and push some sats to keep it same value. Stack sats, peg USD tokens... Enjoy the July 4th holidays...!

AND… WE ARE SOLD OUT! No more USD cashu tokens...! What started as a proof-of-concept (POC) test last month with stable channels and Cashu mints turned out to be a huge success! TL;DR: If you want us to keep this going and add more liquidity, please like and repost this for visibility. We are actively working on increasing liquidity to continue this initiative. If you are interested in providing liquidity and earning some satoshis (sats), please DM me! Stable Channel: The goal is to maintain a balanced channel by pegging the amount of sats to $1000 on one end. From May 13th until now, the stable channel has remained exceptionally stable, maintaining $1000 while the BTC price fluctuated from $63,000 to $71,000 and back down to $60,887. The channel balance on the stable receiver side never fell below $1000. Stats on Stable channel: Days uptime: 44 Payments made: 10,333 Largest Stable Receiver Amount: $1,014 Smallest Stable Receiver Amount: $984 Cumulative Payments: $17,912 Mean Payment: $1.73 Median Payment: $1.52 Standard Deviation: 1.26 Almost $18,000 in payments back and forth! Cashu Mint: umint.cash is the only cashu mint that supports USD tokens now. Anyone can use a supported wallet to mint tokens by paying a lightning invoice. While many big stablecoin projects struggle to show proof of reserves/liabilities, we provide that info real time on the mint website. Dollar balance stays the same and not subject to volatility...! Stats on Cashu USD Mint: Casu tokens minted: 18,059 Cashu tokens melted: 13,997 USD value of cashu tokens minted: $5,500 USD value of cashu tokens melted: $4,501 Number of cashu wallets supported: 3 And the good thing is that these statistics are available real-time on the mint website https://umint.cash/ All we need to do now is to keep increasing the liquidity..! We are not bounded by exchanges or treasuries.. All within Bitcoin... Please like and repost for visibility…! Thanks for everyone involved in making this a success…! Stablechannels by @npub1m0st...qp5h Boardwalk cash wallet by @bob Master of cashu @calle

$10 more to go.... and then we are SOLD OUT...!

30 days update..! The stable channel is stable for non stop stable. During this time, BTC price went from $62k to $71k to $66k. No change to the minted ecash token..! see it for yourself at https://umint.cash/por#por Thanks to @npub1m0st...qp5h and @bob for making this possible..

Let's TAP eCash.... So cool...! View quoted note →

USD tokens are selling fast... And you can mint the rest by going to any cash supported wallets such as

Boardwalk Cash

The easiest way to send and receive cash.

Cashu.me

Minibits — Bitcoin Lightning & Ecash Wallet

Minibits is a Bitcoin Lightning and ecash wallet for Android and iOS that enables instant, low-cost, and private value transfers using the Cashu pr...

Mint address: https://umint.cash

The idea for https://umint.cash is to reimagine a new stable mechanism that is fully automated, auditable and backed by Bitcoin that has no external dependencies to the legacy fiat world.

Already $300 minted on umint.cash. Over $1500 minted and $1200 melted cashu tokens. Watch it real-time on https://umint.cash/pol#pol. thanks to #cashubtc

Let's be realistic here. They did not have 1000s of locations.. Other than Miami conference it was not used anywhere in the US..! So this is more of business decision than regulatory closure. View quoted note →

Take a minute to look at this and hit the like button if you understand or hit the reply button for questions..!

For all those Dumb takes on supporting Tornado cash and privacy doomers... here's an opposite argument... It is a known fact that Lazarus Group, a state-sponsored cyber-hacking group operating out of North Korea laundered over $500M through tornado-cash. Here are some examples of the damage they have inflicted: Financial Losses The Bangladesh Bank Heist (2016): Lazarus Group successfully stole $81 million from Bangladesh's central bank by hacking into the SWIFT banking system. This was one of the largest cyber heists in history. Cryptocurrency Thefts: They have targeted and stolen millions from cryptocurrency exchanges and users, with estimates ranging from hundreds of millions to over $1 billion stolen over the years. Bank Heists: In addition to Bangladesh Bank, they have stolen funds from banks in multiple countries like Ecuador ($12 million from Banco del Austro), Poland, and Mexico. Operational Disruption WannaCry Ransomware (2017): The WannaCry ransomware attack crippled over 300,000 computers across 150 countries, causing significant disruption particularly in healthcare systems like the UK's NHS which had to divert emergency patients. Sony Pictures Hack (2014): Lazarus Group stole massive amounts of data and destroyed 75% of Sony Pictures' internal servers, leading to reputational damage and the cancellation of the movie "The Interview" theatrical release. Critical Infrastructure Targeting Recent evidence suggests Lazarus Group targeted energy providers in the US, Canada, and Japan in 2022 by exploiting Log4j vulnerabilities to gain persistent network access, posing risks to critical energy infrastructure. The group's evolving tactics, including supply chain attacks and exploiting zero-day vulnerabilities, make them an persistent threat capable of crippling operations and causing major financial losses across industries and nations. Look at from the victim's standpoint. And imagine they use the money to create nuclear bomb and destroy human civilization? Link to paper that references this. https://www.emerald.com/insight/content/doi/10.1108/JFRC-04-2023-0065/full/html

mash.com is shutting down.. take out any funds if you have on their wallet. https://x.com/getmash/status/1787863323825893499

is any nostr client using NIP-29? #asknostr - relay based groups?

GitHub

nips/29.md at master · nostr-protocol/nips

Nostr Implementation Possibilities. Contribute to nostr-protocol/nips development by creating an account on GitHub.

WTF Starbucks Pay?