Thread
After months of work, I've discovered a way to build Chaumian Ecash mints on Lightning that don't hold the users' funds.
It's not clear to me yet whether this can actually be made useful or it's only theoretically possible but the sheer possibility makes me incredibly excited.
Replies (20)
Ecash disrespectors are in shambles right now
?
This could be huge if it works.
calle
After months of work, I've discovered a way to build Chaumian Ecash mints on Lightning that don't hold the users' funds.
It's not clear to me yet whether this can actually be made useful or it's only theoretically possible but the sheer possibility makes me incredibly excited.
View quoted note →
👀
calle
After months of work, I've discovered a way to build Chaumian Ecash mints on Lightning that don't hold the users' funds.
It's not clear to me yet whether this can actually be made useful or it's only theoretically possible but the sheer possibility makes me incredibly excited.
View quoted note →
What is the risk of double spend? I am not technical enough to understand all of this, but it seems the further removed from on chain, the greater the risk of double spend. Maybe I'm just dumb and there's no risk of this?
I dont think it is about double spends. It's about someone holding your actual Bitcoin and being able to do whatever they want with it.
Multisig with Coinbase? That's it, isn't it? Multisig with Coinbase.
Could be worth watching!
calle
After months of work, I've discovered a way to build Chaumian Ecash mints on Lightning that don't hold the users' funds.
It's not clear to me yet whether this can actually be made useful or it's only theoretically possible but the sheer possibility makes me incredibly excited.
View quoted note →
Are you saying on-custodial Ecash?
Calle is it just lightning
Is it based on the idea that you can provably encrypt the token to a pubkey, and atomically providing the corresponding decrypting privkey as a scalar to a PTLC?
critical point since mint custody is based on trust - also liability
but mint where fund originated from still need to be online as is now?
