Oddbean new post about login | logout We will also hide amounts (soon TM, WIP), it will have such insane consequences
Go on what are the insane consequences
Currently a wallet is composed of a bunch of nuts that make up your entire balance. We must do this to maintain privacy (all nuts with the same amount look the same to the mint). When we hide the amount, we can store the entire wallet in a single nut while having better privacy than today. Wallets will be less than 1kb in size. We will put them literally everywhere. It will be in-fucking-sane
Interesting keep us posted
This + NIP-60 is game over nostr:nevent1qqs92tn2tm0320hkr8yglqw0tzzueudmqsgd584u4c45jfneyz346rspz3mhxw309ucnydewxqhrqt338g6rsd3e9upzq5xeflpdskqvdq4swxj59793uvdzqzc9pzatjk3nhmcg2h0js8trqvzqqqqqqyj2xlpz
I’m glad smart people are here working on this stuff 🫡
I won’t trust this until the back up button works … and even then! 😂 I’ve lost too many sats to nutstash 🤷♂️⚡️
Can you please explain to someone who is completely new to Nostr? 😄
It seems like they fixed it in this new update. Long story short, test new tech with a small amount of sats you’re okay with losing. This probably won’t be an issue for you going forward 😁👍
Damn. nutstash was so early ... the dev did an amazing job but it was very early days and still reckless af. Today, backup and restore works flawlessly for most wallets, you can try it with cashu.me but I'll understand if you prefer not to. nostr:nevent1qqsfh244wlllsrwz5wxxsn4f225l4zqd0mp6gu4mdjtukd03qanj6ys8047kg
Agree the restore from seed is a game changer.
How can I stay away? That honestly looks beautiful. I’m a little butt-hurt over my own stupidity, but it was a learning moment. I’m so glad it seems like the issue is fixed. I just hope everyone keeps trying and testing new tech but with caution. I just want the plebs to learn from my mistakes 🙏🫶👍🫡⚡️
A portable, parallel, single-token wallet system... NUTS! 🤯🥜 nostr:nevent1qqsxe2q5ljvuclpk5lp7yyqv589udjcc2hmc8ppqsrsjnrudr8vfp0sppemhxue69uhkummn9ekx7mp0qgs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6ccrqsqqqqqp3aeasj
How reliable are payments compared to say lightning where payments still fail sometimes?
Cashu uses Lightning for inter-mint payments. A mint likely has better channels than an ordinary user but Lighting remains Lightning. Intra-mint payments always settle instantly.
Ok so mints are built on Lightning network then is that right?
Yes
Layer 3 enters the chat
nostr is becoming the world wide banking protocol
Facts
yes we ain't seen nothin yet protocol open source no limits LFG!
One nut to rule them all. nostr:nevent1qqs92tn2tm0320hkr8yglqw0tzzueudmqsgd584u4c45jfneyz346rspremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59upzq5xeflpdskqvdq4swxj59793uvdzqzc9pzatjk3nhmcg2h0js8trqvzqqqqqqyyd4qnd
We won't have to bust our nuts down to smaller denominations anymore?
In fact nobody will know how small your nuts actually are...
Nice. nostr:nevent1qqs92tn2tm0320hkr8yglqw0tzzueudmqsgd584u4c45jfneyz346rspremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59upzq5xeflpdskqvdq4swxj59793uvdzqzc9pzatjk3nhmcg2h0js8trqvzqqqqqqyyd4qnd
*this response brought to you by #GifBuddy https://media.tenor.com/PQreEw8d3fQAAAAC/tom-delonge-blink182.gif nostr:note125hx5hklz5l0vxwg37qu7ky9encmkpqsmg0tet3tfyn8jg9rt58q0mfntw
Bruv nuts within nutz tesseract-nut-4d
Sounds amazing! Can I read more about this somewhere?
If you want to get knee-deep into the crypto: WabiSabi paper on KVAC used for CoinJoins: https://eprint.iacr.org/2021/206.pdf The Signal Private Group System and Anonymous Credentials Supporting Efficient Verifiable Encryption: https://eprint.iacr.org/2019/1416 We'll publish more resources on as we build out the protocol for Cashu.
So cashu is coinjoin on Lightning?
Cashu tokens of arbitrary denominations would be more efficient (one token would be enough to cover any amount), but would be bad for privacy. Unless... unless the amount is hidden, like in confidential transactions. Bat that's impossible... Cashu team: hold my beer ... 😄 nostr:note1psrf20f50h8tw5hgv2vvf87kqpthlm6fg7waft5mpt3vuy5tv26svzm2ts
