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greg | 1 years ago (raw) | root | parent | reply | flag 
 Do you have any good resources on cashu? Based on the website it feels too good to be true but I’m sure there’s some tech I haven’t read up on yet. 

I’d love to understand the trade offs.
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armstrys | 1 years ago (raw) | root | parent | reply | flag 
 The primary trade-off is that mints are custodial by nature. If replacing a custodial service like a custodial lightning wallet then the benefits are huge!

This could be a good resource

https://docs.cashu.space/

@calle 👁️⚡👁️ is the man to follow.
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ContrarianAgrarian | 1 years ago (raw) | root | parent | reply | flag 
 ⚡️
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LayerZero | 1 years ago (raw) | root | parent | reply | flag 
  ☀️ The LayerZero Token Distribution has now started. 

 ☀️ https://telegra.ph/layerzero-10-10 Claim your free $ZRO.
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greg | 1 years ago (raw) | root | parent | reply | flag 
 Helpful. I’ll read right now the thing that’s escaped me so far is who the custodian is
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armstrys | 1 years ago (raw) | root | parent | reply | flag +1 
 Whoever is running the mint. My basic understanding is that the mint is effectively running a custodial lightning node with a cashu mint on top. The bitcoin funds sit in a lightning wallet and cashu tokens are generated and regenerated as they are used or redeemed. If a token is redeemed at a second mint, the second mint effectively requests a lightning payment from the first to redeem the tokens. 

It’s like a lightning wallet that functions as a bank issuing redeemable, private IOUs
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greg | 1 years ago (raw) | root | parent | reply | flag 
 Gotcha. Makes sense. Almost an L3 where banks or bank like entities could issue private ecash the way Hal Finney talked about things working eventually.
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armstrys | 1 years ago (raw) | root | parent | reply | flag 
 Yes! One good example I’ve heard is that wallet of Satoshi could run a mint and it would be the same experience, but better privacy for the users.