now that i *use* sats (zap ppl everyday), sats feel more money-like to me intuitively. there's something primal about using a form of money that makes you believe that it is money. i'm excited for the world to bypass the whole intellectual journey of "is bitcoin money?" and just intuitively experience bitcoin as money by using it

when ppl say offline payments is possible with ecash, is that practically true? yes i can give you a ecash token offline (via QR code scan or paper mail or something) but wouldn’t the recipient need an internet connection to check with the mint for double spending? so the payment can be initiated offline but cannot be completed offline. is this wrong?

CORRECTION: this was my misunderstanding. enuts indeed creates ecash tokens for you upon LN deposit in 1 step. i mistakenly thought it didn’t bc in the payment flow there’s a “create token” step but my understanding now is that it this is more of a ecash token selection step (and maybe if you don’t have the right denominations in your wallet you’d break up a bigger token to smaller tokens so there can be a create token process interacting with the mint but that’s not a necessity). View quoted note →

i like how mutiny calls it “esats” instead of “ecash”. it makes it very clear from a upfront terminology point of view what the distinction of this new generation of ecash is from attempts of the past: it’s backed by sats instead of fiat.

personally i feel cashu would be easier to understand if the default UX was that all sats sent to the mint are immediately issued as ecash tokens back to me rather than that being a separate step at payment time

ecash noob question: even if theoretically ecash transactions are private, in practice given apps like enuts don't push you to create ecash tokens ahead of time and the moment of token creation (mint) is coupled with the payment moment (burn) doesn't the mint operator have pretty good visibility into who paid whom?

top UX struggle w/ primal right now for me: if someone tags me on a note and it goes viral i have no way of not getting notifications on that and it basically makes my personal notifications unfollowable for a while until that note dies down

doing an AMA on stacker news for the next hour! feel free to ask silly things

Stacker News

I'm Hong, cofounder/CTO of Bitwise. AMA! \ stacker news ~AMA

Hi everyone, I'm Hong, cofounder/CTO of Bitwise. I'm doing an AMA here for the next hour. For those not familiar with Bitwise, we're mostly known f...

update: coinbase custody now supports sending to taproot (bech32m) addresses! not rolled out to the retail coinbase app yet but soon. once coinbase graduates from this list then it's really just binance we need to get onboard? (source: whentaproot.org)

look, ppl should self custody their bitcoin BUT if your normie friend is about to buy these ETFs anyways, please consider pointing them to bitwise (ticker: BITB) notable features: - lowest fee amongst the four billion plus AUM products (20 bps) - 10% of profits donation to devs (via opensats, brink, hrf) - public transparency (only one to publish holding addresses) - we care (do you see anyone else on nostr?) [BITB disclosures & prospectus: bitbetf.com/welcome]

ppl shit on the bay area (and sf) all the time but the cryptography-forward anti-authoritarian resistance (cypherpunk movement) originated in berkeley/oakland. i’m always proud of that heritage. ny/la/miami could never.