> Setup new cashu wallet
> Pick reputable mint recommended by friends
> Put small amount of sats in it
> Mint goes offline
At this point its my own fault for continue to think this protocol will actually work 😞
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Replies (12)
ecash is trash
The problem is cashu mints have no reputation backing them. A mint can go from never-rugged-anyone status to rugged-everyone in an instant.
Like death: you are alive now then at the next clock tick you die; there's no in-between, except for zombies!
A hypothetical @nostr.build or @Zapstore mint would probably become a zombie mint before really dying.
LOL
shit I mean I am sorry for your loss
LOL
Maybe I missed something.
it was only ~3000 sats, but I think this is the fifth time its happened to me
I still think the tech is a good idea, but its really not working well as money, or as a way to store and spend sats
It’s okay. We’ve all been victimized by this shit at least once. The last decade of Bitcoin development has been a scam and a bunch of despicable, subhuman grifters have been selling Bitcoin’s future to get venture capital checks. We’ve lost a ton of time and potential returns. Bitcoin may never recover from this gigantic series of frauds that the podcasters, treasury companies, private equity firms, and glowniggers have perpetrated against us. But there’s one thing that you can do. You can hunt them all down and kill their fucking families. Atrocity. That’s what the world needs. To hold all of these fucking scammers and grifters to account. To make them suffer egregiously. Alternatively you can just use Monero I guess
I can picture ways it can be useful, In small trusted groups of friends for instance, but to a wider audience it seems like undue risk for most use cases.
Cubabitcoin? Yeah, we need better mints 😭
on another note, have fun running your own little nutshell mint hooked to some backend, then only isp and tor could be something to complain about.
You tested a mint. The protocol was never on trial.
Did bitcoin cuba mint ever go offline? I think they are the only ones taking this seriously because you kind of need bitcoin there…