- Proof of work was invented to prevent spam.
- Satoshi used PoW to rate-limit block production.
- Blocks create scarce Satoshis.
- Cashu puts Satoshis into bearer ecash tokens.
- KeyChat (privacy messenger) uses Cashu tokens as stamps to prevent spam.

Full circle  nostr:npub1qg8j6gdwpxlntlxlkew7eu283wzx7hmj32esch42hntdpqdgrslqv024kw.


Last post: July 2023 😅


Great post⚡


Onward 🫡


Bingo


The future is here!

Thanks!
nostr:nevent1qqsvfq9wv8ttncn2cewxw0yc8ee60hfpdw6kwcr8p26lrk86s0n6y6cpp4mhxue69uhkummn9ekx7mqzypgdjn7zmpvqc6ptqud9gtutrcc6yq9s2z96h9dr80hss4wl9qwkxqcyqqqqqqgrmwfsj


He'll come back


chek dm sir 🙏


haha get it, back, haha lol lmfao rofl


proof of circ


Thx for the circle ⭕


ofc https://image.nostr.build/53b4fe9b7ca7fc8657d7b5f80fbb8e7c70a548466a6ed692504c5fbb84c7fb29.jpg


This is the way.

nostr:nevent1qqsvfq9wv8ttncn2cewxw0yc8ee60hfpdw6kwcr8p26lrk86s0n6y6cpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczypgdjn7zmpvqc6ptqud9gtutrcc6yq9s2z96h9dr80hss4wl9qwkxqcyqqqqqqgv50mkm


:Clap:


Most of the spam prevention I keep seeing is going to send us straight to modern SMTP where your emails enter a black hole unless you use Google.

nostr:nevent1qvzqqqqqqypzq5xeflpdskqvdq4swxj59793uvdzqzc9pzatjk3nhmcg2h0js8trqqsvfq9wv8ttncn2cewxw0yc8ee60hfpdw6kwcr8p26lrk86s0n6y6cc3pva0


Let's go 🚀


Cashu does not put satoshis INTO bearer ecash tokens. It issues an independent token which on its own is incompatible with every other cashu mint doing the same.

A mint itself takes possession of the sats, and offers a service to
- give you tokens for sats
- swap tokens for fresh tokens
- accept requests to pay bolt11 lightning invoices denominated in satoshis and provides an offer exchange rate
- may fullfill payment of aforementioned invoices through bridging to lightning network.

When you send satoshis to a cashu mint, you are effectively selling your sats for tokens under the hope that you can later get some of that value back.

nostr:nevent1qqsvfq9wv8ttncn2cewxw0yc8ee60hfpdw6kwcr8p26lrk86s0n6y6cpz9mhxue69uhkummnw3ezuamfdejj7q3q2rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sxpqqqqqqzx2nnyk


Idk seems okay for privacy and a small amount. But ecash ain’t ₿. Pretty cool stuff.


We're talking snailmail postage stamp utility tokens here.  USPS for example prints some unknown quantity of different kinds of stamps each year & sells them for a fixed USD price.  Some kinds hold value more than others.  We don't know their supply issuance.

It's only meant to require a sizeable amount to purchase if you're a spammer.  It's not really meant to be money, but nothing stops a person from valuing it as such I guess


I feel like I’m missing something here. Are you saying it serves a purpose to get Sats from one place to another but isn’t a replacement?


No, that's as absurd as pasting dollars on a paper envelope to pay the post office to send it.


Are you saying it’s worthless? Left side of bell curve here


Top!


I like the idea of PoW to GET RID OF REPLY GUYS. Thern again
I just want to rather pay for a relay.


How we can get rid of reply guys

nostr:nevent1qqsvfq9wv8ttncn2cewxw0yc8ee60hfpdw6kwcr8p26lrk86s0n6y6cpremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59upzq5xeflpdskqvdq4swxj59793uvdzqzc9pzatjk3nhmcg2h0js8trqvzqqqqqqyn2rrj7


so, charge people money

amazing!

you know that WoT is more efficient because it pre-thins the field before you even consider message cost


Make spam/filter lists importable/exportable/shareable/marketable.