Elias Pfeffer's avatar
Elias Pfeffer 10 months ago
Question regarding #Cashu #Ecash : Isnt there a big risk of getting rug pulled / scammed, as the mint would theoretically be able to give out many Bitcoin IOUs without ever having the Bitcoin in reality? While when you use Lightning via e.g. LNDHub you would at least see in the lightning network, that the lightning custodial wallet provider actually has no #Bitcoin.

Replies (7)

No, don't worry, just send your sats to a random mint, it will be fine. In fact, send them to figomint! DM for details. (satire if unclear :p)
onthephone's avatar
onthephone 10 months ago
I didn't say 1 BCH = 1 BTC. And it's not like anyone prices anything in BTC (or BCH) without using USD exchange rate. The truth? BTC = Tether-created USDT used to purchase BTC, used to back said Tether.