ponymontana🦄⚡ on Nostr: not agree, the decentralized accounting system in not reliable if privacy lacks, ...
not agree, the decentralized accounting system in not reliable if privacy lacks, users are susceptible to the same attacks a classical custodial can do (invalidating specific tokens keeping a database of them).
Also offline transactions need to do the burning thing pinging the mint, so theres not offline. And if privacy lacks, you dont know if your token has been selectively invalidated until you pinging the mint (and mint query their database).
Published at
2025-03-22 13:58:26Event JSON
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"content": "not agree, the decentralized accounting system in not reliable if privacy lacks, users are susceptible to the same attacks a classical custodial can do (invalidating specific tokens keeping a database of them).\n\nAlso offline transactions need to do the burning thing pinging the mint, so theres not offline. And if privacy lacks, you dont know if your token has been selectively invalidated until you pinging the mint (and mint query their database).",
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