Free banking.

There is never inflation of bitcoin supply, either you have bitcoin or you don't.

yes. this is 100% by design and intentional for a sovereign mint operator. the cashu spec doesnt require backing by sats, nor does it require the operator to fullfill outbound payment requests

this should not consensus in the ways of Satoshi #ProofOfWork

It’s actually nice plausible deniability

I reserve "shitcoin" for bad faith efforts, and I think cashu is a legitimate effort to solve a hard problem. Still, it has serious flaws.

I'm glad someone else see this shitcoinery.

This isn't shitcoinery. It's a legit method to possibly evolve the ecosystem. With that said though, I agree that there needs to always be actual sats backing any ecash transaction. Also need redundancy in the ecash mints. Could there be a way maybe to require ecash mints be in clusters of 4. So that the (4) in the cluster are each clones of one another. With the sats being held in a multisig wallet, so that 2 of the 4 mint clones hold the same multisig key and the other 2 mint clones hold the other multisig key. I guess this would make it a separate layer 2 network completely separate from lightning though.

How can you be sure that the sats in your WoS or Alby wallet are real before you spend them? How can you be sure that you will be able to spend your BTC on a centralized exchange tomorrow? Same with mint, you are not sure, except you are not expected to keep any valuable amount on a mint, once you have 5000, 10000, 50'000sats on a mint, transfer it to Phoenix, Breez, Zeus or your full node with lightning, then when you have 100'000, 500'000, 1Msats on Lightning that you don't need for spending, swap it on-chain on a cold storage with key properly secured. It's just a matter of habits and education.