Cashu is NOT sats. A Cashu token (usually called ecash or "nut") is just a token, an IOU, a "voucher". The nice thing about Cashu Protocol is that it creates a standard for some providers (mints) that are Lightning nodes to create ecash pegged 1-to-1 with sats. So if you go to a cashu mint to get some ecash the mint will ask you to pay an invoice of X sats, you pay the LN invoice and the mint returns to you X ecash tokens. The mint promises to let you redeem the tokens 1-to-1with sats. This is how the cashu protocol works

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Chad Lupkes's avatar
Chad Lupkes 1 year ago
I just watched the @BTC Sessions overview on cashu, and I think I get it. It's not sats directly, but it's a token that can be used to make payments within an ecash node that carry the same value. I haven't gotten deep enough to need this myself yet, but I'm glad it exists. Thanks for responding!
So I have to trust mints? What if all mints runs by years by feds passing by honest people waiting to confiscate all satoshis?