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.
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No lies detected.
Easier to just use a privacy shitcoin.
Atleast they run nodes.
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
Calle. So hot right now.
Your daily reminder: -
Cashu is custodial SHITCOIN and it should be avoided at any cost.
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