by now we're used to logging in to a nostr app and our social graph and data being there now we'll become used to logging into an app and our money being there too #nutsack image

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We've moved beyond nips at this point. Things are moving way faster than that repository can keep up with, and we should embrace it. We need a method for releasing new specs to be judged and iterated on in a public way. Pull requests are too slow, but even in that case - they should have reached some stability to be submitted for "The Protocol".
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Rand 1 year ago
jokes/thanks 4 the endorphins/ gr8 days all!
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. 1 year ago
Smooth
So a client sets up one or more cashu wallets on relay for the user. Cashu zaps can be received to that wallet, and this all works because cashu nuts work as backed bearer assets themselves and the control key is made the nsec. Ingenious. Please correct me where I'm wrong, but remaining steps to a fully integrated system are: 1. Clients need to implement cashu wallet support (relay wallet) and support for cashu zaps (relay nuts) between said wallet(s). 2. Implement transfer of nuts in and out of the relay wallet. 3. Implement sending of relay nuts to a lightning address, such that receipt of the sats does not require the recipient to have setup a relay wallet. 4. Implement receive of relay nuts from a lightning transaction, such that the sender does not need to be aware of the wallet being on relay. I have barely touched cashu, so for all I know most of this is already done or is unnecessary.
As far as I understand, you would still only be able to see someone's public Cashu zaps. Cashu zaps could be encrypted using nip44 in which case you wouldn't see them. The receivers client would combine the public and private (nip44) balances
What about fees ? When, not if, bitcoin fees go higher than the unbanked can afford, is this different ? Are these nostr txn fees somehow tied to bitcoin fees ? Because it was shocking to see non custodial LN freeze when bitcoin fees went through the roof.
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