Oddbean new post about login | logout Keychat has integrated a cashu wallet to enable the functionality of using Bitcoin ecash as message estamp. Users can send and receive ecash sats. They can also mint ecash sats from Lightning Network sats and melt ecash sats back into Lightning Network sats. https://image.nostr.build/eefac68ec6c960b7a2852dc95b36371939cc9b57d5b44dfcb9cdc6effc04c1c8.jpg
I can't keep up with any of these developments, but I am feeling excited.
What is keychat? I have never heard of this before.
https://www.keychat.io/
This is crazy!
Wow! This is actually really cool.
I don't understand how this works. I understand e2e encrypted messages and relays, but when has a relay needed incentive to deliver the message? Can a paid relay do a better job than a free one?
Relay operators need revenue to cover server costs and other expenses. nostr:note12km4sp6nr7g8urcrxf5k2lueru9rrlntp8j93zags5nyeygajwhqkr6fct
How do we know what the favoured minimum stamp is? Is it 1 estamp = 1 message rather than 1 sat? Are you buying estamps from relays specifically? Do we get to pick a path? If there's only 1 relay, then isn't there IP tracking and behaviour/timing tracking risks?
Hot 🔥
I will be mentioning Keychat in my Talk at Pizza Day in Prague, you're doing amazing work!
Minting and Melting seems misleading or at least confusing to a new user imo. The two problems I see with it. 1. The server is minting or melting at your request. The mint and melt buttons imply you have control over what the server does 2. Although ecash is sats-denominated, minting implies a change in supply, makes it seem like it is something other than sats Deposits and withdrawal buttons would be more succinct I think... because most of the time it is a server the user does not own that is minting esats rather than the user who clicks the mint button. Depositing to that server is what the user is doing
The Cashu protocol spec uses 'mint' and 'melt'. This may be a metaphor for minting coins from bullion and melting coins back into bullion. 'Mint' does not imply a change in supply, think about minting coins.
I personally think that the terms "deposits" and "withdrawals" imply that the sats have not changed, when in fact they have.
