Oddbean new post about | logout
 so it's an on-chain utxo then?

there's the mint, and there's you

this isn't a blockchain protocol 
 https://github.com/cashubtc/nuts/blob/main/11.md 
 "The spending condition is enforced by the mint." = trust me bro

if it were a worthwhile amount to steal, i just have to persuade you to sign on the message hash and done 
 This is a custodial solution. There is always a level of trust in a custodial system. This is an improvement to everyone using custodial WoS or Alby.  If you want to maintain full custody run your own lightning node (and/or mint)