.'s avatar
. 8 months ago
cashu are ious for sats that get issued by a lightning node called a mint i redeem my ious and the mint pays an ln invoice that shows up as sats in your primal wallet mints are nodes that pay invoices and issue tokens lightning network is the bridge between mints cashu tokens in a mint can be shared without making a lightning payment

Replies (4)

modulo's avatar
modulo 8 months ago
Can mints cash out other mints’ cashu tokens into lightning, or are they just paying out lightning and taking on the redemption risk of the token, or ?
.'s avatar
. 8 months ago
mints issue and redeem their own cashu tokens mints settle between eachother via lightning ln sats -> ln -> mint -> cashu token cashu a -> mint a -> ln -> mint b -> cashu b
This is a good simplified explanation. In my honest humble opinion, it’s still too cumbersome. For the average person, why would they want to deal with an IOU? Recall, they say the main benefit of using Cashu is privacy. All these steps don’t seem worth it. There has to be an easier simplified way. Do people have to run their own node for this? Well good luck with that. The majority of the world don’t even use Bitcoin. People still need to learn about that. Now throw in Cashu. Who is using it like that? For the record, I’m not saying it can’t work in the future. Perhaps it’s ahead of its time. It’s just that Bitcoin doesn’t even have universal adoption. Now people and governments want to use Bitcoin for other things such as ETFs, strategic reserves, capital markets, investments, banks involvement, and other rubbish. 🙄 How does Cashu scale considering Bitcoin is the segue?
.'s avatar
. 8 months ago
It is quite simple once you take a moment to understand the work flow, use a wallet and understand the terms. It is essentially automated with good ux. You don't have to run a node You get better privacy than with a normal custodian Cashu + nostr can educate and make more people use Bitcoin daily with low to no fees and no need to have hardware or knowledge I was introduced to cashu in real time. I tested the first cashu zaps from minibits on nostr so I have an excellent history of using it and seeing the utility Many who are lightning node runners don't see much value as they are confident with lightning liquidity. Lightning has a chicken and egg problem for new users. Cashu can allow anyone in the world an immediate way to get sats