Thread

Once a mint rugs someone they loose all credibility… and then nobody would want to use that mint anymore. So it’s in their best interest not to rug because then nobody would use that lint anymore. Use it for small amounts only Like spending cash in your wallet. You wouldn’t walk around with thousands of dollars in your wallet because you could get robbed It’s not a savings account But also you could run your own mint and not have to trust anyone Or you could diversify across hundreds of mints. Or your local bitcoin meetup could run a mint and you know those people in real life so if they rugged you . You could r mess up their reputation….

It's called free banking.

You’re asking the right questions. And for that reason you will get ignored or called bad names. 🤦‍♂️

answered many times. it's ok if you don't like the answers.

Which mint to trust is the same as “trusting” which Bitcoin hot wallet or hardware to use—assuming you’re a regular pleb who isn’t versed enough to verify open-source code or hardware. It’s a mix of rating, recommendations, and trust built on proof of work. I really like Minibits and Coinos Mint, and that’s what I recommend. Calle has this project where it would use donation sats to move money between mints to constantly probe their liquidity.

I think people are using in the wrong way these public cashu mints. A good example of using cashu mint is @Cuba ₿itcoin. They created a local community mint and promote it around their merchants and users. That add a good trust level and communication between users. I think this is the main utility for a cashu mint. If you do not have a local community mint, and you have to use a random public one, then better use these lists and choose wisely: -

Mint Auditor

-

Bitcoin Mints

Use them with small amounts and do not keep everything in just one mint. I hope soon we will have multi-mint spending so will be easier to manage multiple mints. Don't abuse these mints! I've seen people using them as coinjoin services... that's wrong. Moving around large amounts of sats through mints you are disrupting their liquidity with unnecessary transactions. Behind every mint is a LN node. Not all have a good management of liquidity and you will encounter problems, stuck funds, lost keys etc. People must understand how mint tokens works, are not just some papers where it says "IOU x sats"... are more than that and are many technical details that cashu devs didn't explained to the end user so well. So do your own research and read how these cashu tokens works.

If you don’t know if you can trust the mint, you can’t trust the mint. That’s the point. 2 options. 1) Find one you can trust with people you know. 2) start one (then it’s self custody bonus) and share with people you trust.