I tested 5 cashu wallets. I have lost funds in all of them. Mints have disappeared on me. NIP-60 events have disappeared as well. It's nothing against cashu, but the operators themselves that need to ship better software and to secure people's sats. We know it is custodial. But that doesn't mean people can just run off with our sats just because they are bored. That's not cool. My point is that NO one should EVER lose ANY money from a custodial system. Not a single sat. Regardless of how new things are.

Really? I agree, none should ever lose money. I wonder, how come I never lose money. If you write down your seed phrase, it's practically impossible, if the mint doesn't go down

It's still pretty early beta and a bit buggy. I have 38k sats that got stuck using cashu.me with minibits mint. "Proofs Pending Error" I was going to reach out to minibits but figured I'd consider it a donation to their project instead. I've been testing the @Minibits wallet and only have had one transaction go missing (using their lightning address feature). The devs are still trying to troubleshoot it. I find the minibits team very responsive. I know it's still early beta so I try testing as many noob scenarios as I can think of. Hopefully I find a big and can replicate it for the team to troubleshoot. I agree sats shouldn't be lost but I don't recommend these projects to newly orange pilled users. I haven't had custodians rug me but bugs causing loses I have seen. But again this is for testing not ready for primetime in my opinion.

I sell on @Shopstr Markets , and I have always, minus once, gotten my Sats. The one I didn't, he was not logged into a client when he made payment. Not sure if that had anything to do with it or not. I have received at least 30 orders thru there though, and @calva⚡️ uses cashu @calle , so... Maybe doing something wrong. I am not a coder, and you are far superior to me when it comes using a computer. But I am telling you that I have only had One problem ever.

Erm.. people running away with your sats because it's custodial is the essence of being custodial. That's the tradeoff, you're trusting them. Why people ever thought getting fiat IOUs from online strangers in return for their perfectly good sats is beyond me. What did you think would happen? To say nothing of the part where all the sats just sit on a live wallet on a server.. but then again that's the lightning network as well.

Every custodial solution requires guarantees. Legal enforcement is one kind of guarantee. If we are to obsolete the government, we need a cryptographic self custody solution for ecash. Without one, it will require compliant companies like Strike to operate a mint. It may be impossible to operate a legitimate Chaumian eCash mint as a money transmitting business under current laws given blind signatures prevents KYC, and mints facilitate transfer of fiduciary media. That leaves us with anonymous mints, under which a rug-pull can happen at any time. This is where a cryptographic bond may be useful, one where an anti-rugpull guarantee can be enforced by loss of an equivalent amount of bitcoin if the token holders can prove the mint is unwilling to redeem tokens.