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That looks super dope 🚀 LFG

Interesting. However I think there should be some curating on the posts. I see a lot of useless stuff and tests in there

LFG 🚀🚀🚀

Yes, sir. Already planned through platform signed attestation

Serious question: Why use Cashu instead of Monero? Whats the advantage?

Because the escrowed asset is Bitcoin in the end vs Monero.

you can swap monero to btc any time - where is the advantage?

Liquidity, speed, and cost but it's somewhat subjective and depends on what matters most to you. Personally, I'd rather be able to spend directly, without the trials and tribulations of offloading into something more widely accepted.

I would also add minimal barriers to entry and adoption. I want more people on Nostr and using the product. Its easier to relate to and explain Bitcoin.

Nothing prevents you from building one that supports Monero, Nostr can do all things if you just wish hard enough 💫. Adding swap functionality on top is another feature thats up to clients if they want to build that out. But I personally think the cashu model is the way to go adoption wise if you looking to keep it on a bitcoin standard. Or ark stuff but that’s hasn’t been around for that long yet.

thing is with monero i would not need cashu in the first place. monero is privte, has much bigger adoption, i can hold it self custodially, there is no mint rugging risk etc. i really do not understand how people can be pro-cashu ecash and against shitcoins - cashu is not bitcoin as monero is not bitcoin. or not?

but dont you have to first put btc on a lightning channel, then send the sats by lightning to a mint to get cashu ecash - and swap it back after using it if you want real btc?

There is a Monero Nostr client but its adoption seems to be limited, I’m not as apposed to other coins in the end it’s a user choice, but to say Monero has bigger adoption might be a stretch. Cashu is not Bitcoin in the sense that it doesn’t have the same custodial properties but its still sharing the same unit of account. So no, your statement needs work 😄 just see Cashu as layer 2.5 it extends lightning into a space where it can function slightly programmable on Bitcoin standard but you do sacrifice custody of it ( side note 99% of lightning address on Nostr are custodial wallet providers )

Thank you, but my point is: why is cashu considered "bitcoin" when it has all properties of a shitcoin? It is not bitcoin, you need to swap into it - like with every other shitcoin, it is not linked to any BTC, it is non custodial (which is completely against any bitcoin ethos), you have the mint rug risk etc. Monero and every other shitcoin is also denominated in BTC, when you look at the Shitcoin/BTC chart. For me it is just unfathomable that custodial long strings of text are considered "on a bitcoin standard" - it is like writing "i owe you 1000 sats" on a piece of paper and calling that a bitcoin scaling solution ;)

I think you have a misunderstood function of how mints operate and we vary in definition of shitcoin 😄 riddle me this though, what is the difference between a non-custodial lightning wallet and a ecash wallet ? Because that’s where normie users are usually okay with staying. Both wallets I would definitely call on a Bitcoin standard though, as “working capital”, I don’t fully custody those sats but they are still sats. It’s the perfect scaling solution 😏 not everything needs to be onchain sir.

Like maybe what your saying is that once a user has to shift from onchain to cashu you are effectively swapping to a worse than self custody lightning IOU state, so you’ve lost the most valuable part of it ( it’s sov properties ) so in effect it could as well just be bananacoin. Where I’d say it becomes more hassle to also have to keep track of what the monetary value of bananacoin is. So aslong as it’s pegged to bitcoin and represents a 1/1 it fits well as a broad scaling solution. Since most don’t care to have that sov properties until it hits a certain amount of value. (Side note: new user buying bitcoin on lightning brings them already in the cashu space ) Also not saying Monero is bananacoin just you know fit some altcoin in there.

if you do not custody it, you have a promise of sats, not sats. is the new bitcoin standard now "what normies are ok with"?

no worries i like bananas 😉 yea you got me, imo custodial lightning is already a shitcoin - it is basically paypal. cashu is like paypal vouchers then ;) afaik there is also no peg to bitcoin in a mint, in general a mint can issue as much as they want - same with a custodial lightning wallet provider - they can display whatever they want in your wallet.

Fully agree with first statement, the Bitcoin standard remains unchanged but it might be a good slogan for the Nostr standard 😄