calle's avatar
calle calle@cashu.me 1 year ago
image You wouldn't relay a nut (Except if you don't know what's happening because it's encrypted and there are tens of thousands of other users sending DMs between each other being the perfect noise level for a few nuts to be sent around on a relay). View quoted note →
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Replies (22)

Chad Lupkes's avatar
Chad Lupkes 1 year ago
I think I'm missing something. What's the difference between Cashu and Sats? Are we talking about something like a stablecoin, with value of a unit = 1USD, or ... I don't get it... Sorry, I've been seeing a lot of talk about how exciting it is, but not enough about WHAT it is. What am I missing? And yes, I've read the FAQ. I'm not seeing an answer there for some reason.
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hzrd149's avatar
hzrd149 _@hzrd149.com 1 year ago
Is this using http? or a DVM style interface? if its not using http I would change the protocol to avoid confusion This looks awesome though. unstoppable mints
rafinh2's avatar
rafinh2 1 year ago
Sim está correto, mas a rede nostr será que é criptografada antes no servidor ? A resposta é não ele é descentralizada, mas não é anônima.
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tolot tolot@verified-nostr.com 1 year ago
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!
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npub1p653...33g8 1 year ago
So I have to trust mints? What if all mints runs by years by feds passing by honest people waiting to confiscate all satoshis?
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npub1p653...33g8 1 year ago
Wouldn't then the problem that Satoshi Nakamo was trying to solve with Bitcoin, keep existing? “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto
Arándano's avatar
Arándano 1 year ago
@Flix @lunaticoin esto del ecash me esa molando bastante. La privacidad y la descentralización por bandera. Me encanta NOSTR!
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