:P's avatar
:P 2 months ago
I get fired up because I hear prominent bitcoiners talk as if cashu is backed 1:1 with bitcoin. I hear things like it’s lightning with more privacy. These statements are dishonest. Cashu isn’t dependent on Bitcoin in any way. You don’t need to run a node or lightning node. There is an option for mint operators to add a lightning funding source which could be any lightning addresses custodial or non custodial. When you use someone’s mint you are essentially using a group lightning address controlled by the mint operator. Cashu is just another solution in search of a problem. That’s why I think Calle is pro spam. He wants to clog up the blockchain with dick butts and act like a savior with cashu. The cashu crowd is a bunch of pretentious grifters.

Replies (6)

So it's more so a transferable token redeemable for sats (assuming mint is solvent and trustworthy)? But can't be truly assumed to be redeemable because of the trust that is required