Ok, by request from some of my "padawans" I wrote a new guide about using #Cashu #ecash, explaining with use case scenario, of a small merchant (as uncle Jim) that want his customers to use #Bitcoin and #Lightning.
The scenario is based on #LNbits #Minibits
@eNuts ⚡️🌰 with steps to do by each part of the scenario.
Thanks to @Ben Arc (LNbits) and @calle 👁️⚡👁️ for making this happen and all other contributors to ecash Cashu code.
I know we are early with this new thing, but is good to start testing and improving the apps and code. We must go forward using Bitcoin and LN and this could be a simple way to onboard more people, with simple and private solutions.
https://darthcoin.substack.com/p/bitcoin-adoption-using-ecash
Thanks @DarthCoin ! can't wait for the new LNbits update that has the user management backend
its crap and u all know that.
Good overview about the topic!
One question/correction: As far as I understand it, it's currently entirely possible to do fractional reserve banking as a mint. Proof of liabilities may change that in the future.
Please test it yourself and try to do that fractional reserve.
Let us know how is going.