Thread

it's a built-in custodial wallet, could be cashu as well. nothing to do with NWC.

damus does not have a built in wallet. no idea what you're talking about. it has everything to do with NWC, its the tech that enables self sovereignty.

cool.

Can I interview both of you guys on this topic on a panel, a respectful conversation about sovereignty and privacy? I'd like to lose the rhetoric "giving up sovereignty for custodied privacy" and instead discuss trade offs and risks we all make, encouraging people to look into bitcoin, nostr, cashu, Damus, and coinos. The goal for me is just interviewing a couple of my most technically talented friends, secondary is mass market accessibility to these important topics.

👀

it's all about options.

nwc doesn't force anyone to be a purist. it works with both cashu and self custodied nodes

forcing people to use cashu is pushing a specific NWC connection type, it's the opposite of choice

Yeah, but the way in which you speak ("cashu is not bitcoin") ignores the fact that you are a power user and there are levels to this game. I spend time running my farm so i dont have time to make sure i have 100% uptime on my node.

this is what the market is for, to build better solutions. NWC opens that up to tons of future improvements.

Are you implying they could have implemented the same ux without cashu and done native lighting?

of course, also native lightning is still improving: async payments, etc

are you okay with signal having the monero option

no, I have no idea what you're talking about. you are on a roll today with strawmen

Bitcoin > Cashu No doubt

Well, you should know what he's talking about.. knowing both sides is kind-of important when comparing

Or for zapping 21 sats here & there

I am not that interested in custodial anything to be honest. I didn’t get into bitcoin to store money on other peoples computers.

I bet this statement would get more traction if you were vlogging about it and werent wearing a shirt.

will, i do not have to know what this means to cheer you on! i trust you

Agreed no one would hold more than a days worth of value in ecash. It’s a useful off ramp for bitcoin as i see it.

It's a bearer asset. A string of characters that the mint agrees to trade for bitcoin. E.g. your cashu wallet asks the mint to make a lighting payment for you, and you give it these cashu tokens to pay for it So basically you swap lighting for cashu, and vice versa The token is essentially an IOU with a serial number, signed by the mint The cool thing of that the mint signs the IOU without seeing the serial number (cool maths going back to 1982), and therefore it's very private. The mint makes the payment, after verifying the signature and checking for double spending with the serial number, but the mint doesn't know who it originally issued that token to Cashu wallets pay and receive lightning like any lightning wallet, but with this extra bit of privacy. It has other advantages too, I'm working on very high frequency micropayments with Cashu (sending a millisat, hundreds of times every second) But the obvious risk if that the mint can steal it. So the balance should be kept small.

I agree

I disagree. They both have use cases. In saying that, I remember back around 2014 when a lot of stores started accepted Bitcoin we just relied on 0 conf transactions. The likelihood of someone trying to double spend small transactions is so low.

Just because it has a use case, doesn't make it Bitcoin. Fiat has a use case, still it's not Bitcoin.

Cut the rates boomer

I already cut the rates I charge your Mom. It's not my fault she's broke.

That hurt my feelings

Sorry bro, I didn't mean that. I just get tired of being called boomer all the time.

this apology makes me feel warm and happy inside. people on the internet DO care about feelings