Oddbean new post about login | logout Cashu is 1.3 years old. I'm absolutely blown away by the progress. Unfucking the banking system with Ecash. One nut at a time. Built on Bitcoin. https://void.cat/d/5ZLeHq9prPGpHRGnMLhq85.webp
Is there an introduction for beginners to cashu I can check out somewhere?
nostr:nevent1qqs20vzerlmru3kxm2a4vz8eqvdynec4kf88f8f4wvtq7700xkxde2gpz3mhxue69uhhyetvv9ujumn0wd68ytnzvupzpl8yzaa6h4tlvnfs9flsfk6dz96fs035l07zwfvqvr939l6sfnwgqvzqqqqqqy6tp7jr
How exactly do you use cashu with Amethyst anyway?
Amethyst should render a token with buttons that redeem it directly to your Lightning address when pressed: cashuAeyJ0b2tlbiI6W3sicHJvb2ZzIjpbeyJpZCI6IkkyeU4raVJZZmt6VCIsImFtb3VudCI6MTI4LCJDIjoiMDM4YjUyMDQ5Yzc2MWY5M2E4YjlmYTQxMmM3ZjhiNWEwMWNiZGM2NzExZWY3NmQxZTE5NmZhOWExNTAzZjAxNDRkIiwic2VjcmV0IjoianBBbVdndTA1Z3VVMUVhOU9yM0Q5Y1h6eXlRdzR6Z0M5a2JvODl4VUI5MD0ifV0sIm1pbnQiOiJodHRwczovLzgzMzMuc3BhY2U6MzMzOCJ9XX0=
https://image.nostr.build/b7092a9a2aa0bf3a81ec563b13ac24fcf0097b9dcfda8982f765321c0a864431.jpg
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 Right, so useful in a DM. But not a viable way to send someone a tip in public.
Good job ⚡🌰
amazing work, powerful tool
WOULD LOVE TO HAVE THIS BACK nostr:note1gvpk4z9lwc90d26c9e5urg3j4e45t8tgujmdljaympwd9qecx29sx5mc0f
I'll get it back up when I'm at a computer ;)
How do I learn about eCash? Is it lightning channel counterparty short positions to hold stable value or is it tether or something else? If not the lightning stable thing, then anyone know what that thing is called? What are tradeoffs, risks with that? How to gauge trustworthiness of mints? Who are nutshell, moksha, feni, lnbits, etc? What does monetization category mean in image? What is proxnut, xcashu, chatnut? Any podcast or videos on above? Recommendations? nostr:nevent1qqs2vyh8pwmpye0ujdrgvwz2qgunzqklkp3pl820h763ddg3sqtcjnspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzq5xeflpdskqvdq4swxj59793uvdzqzc9pzatjk3nhmcg2h0js8trqvzqqqqqqyxrmqs0
like the logo
I’m still not 100% on how the whole ecash / cashu/ nuts thing works… where’s the best place to go to learn the basics ??
Bitcoinology video is quite good. Then surf all the content that Gibson put in the lesson materials https://www.youtube.com/watch?v=VwMzNE1D3so Off course the cashu documentation helps a lot
Sick thanks!
Built on lightning, built on Bitcoin. Right?
Yes.jpg
I saw one of your tweets where you show how ecash implementation basically allows lightning nodes to receive funds with no channels or inbound liquidity. Is this already being implemented? Couldnt this be a great way to scale custody for your everyday non-technical user? You could technically form a Bitcoin bank for your local community?
I think ecash is like a layer 3. The mints (banks) sit on top of lightning and custody customer funds in the form of ecash tokens. It's these tokens that don't require any incoming liquidity. It's impossible to receive L2 (lightning) bitcoin without a channel being created first. That's why there's a minimum amount that must be sent to non custodial wallets like phoenix for the first incoming tx.
What does it do that Bitcoin & lightning can't? Genuine, non-rhetorical question.
Bruh, stole my name and my question
