Stacktoshi's Notajokeyo on Nostr: #asknpub.cash The primer ...
#asknpub.cash
The primer
Great post by the way, really helped me understand it and super excited for L3 and more privacy :)
The primer
says that npub.cash address can be used in nostr to replace my lightning address… wicked cool! But should I wait to do so until apps like Strike support sending to nuts? Or am I reading it wrong?quoting note1jaz…tlc0
Let's start with definitions:
**Cashu** - Cashu is a free and open-source Chaumian ecash system built for Bitcoin. Cashu offers near-perfect privacy for users of custodial Bitcoin applications. Nobody needs to know who you are, how much funds you have, and who you transact with. - more info here https://cashu.space/
**Cashu-adress** - it is a protocol that runs on top of cashu mints. More info here: https://docs.cashu-address.com/
**Npub.cash** - service that runs on top of cashu-address protocol. Let's you use your npub@npub.cash as a lightning address to receive zaps or incoming sats. More info here https://npub.cash/
**Pay to public key** - Like bitcoin you can cashu tokens are bearer assets and can be locked to a public key. This means only the person who has the private key can use that token.
> What do you use it for? - Use your npub cash as your lightning address replacement.
**Why?** I believe everyone knows what a lightning address is. Lightning address is usually provided by your wallet provider who also runs their lightning node. E.g. if you have @alby.com lightning address then you already have an account setup with alby and using their lightning node to get your sats. With npub.cash you can simply put your npubaddress@npub.cash without registering first or signing up. And you can keep this forever even while changing your lightning wallet from alby to any other provider or running your own lightning node.
**Npub.cash** locks the received tokens into your nostr public key (Still work in progress) so that only the owner of Nostr public key who has the private key can claim the token and push it to their wallet of choice.
**Benefits Over Traditional Custodial Lightning Addresses:**
**Privacy:** With Cashu-Address, your financial activities are not visible to your custodian. This added layer of privacy ensures that your transactions remain your own.
**Flexibility in Custodian Selection:** Unlike traditional Lightning Addresses, Cashu-Address allows you to choose your custodian freely. If your needs change, you can switch your custodian anytime without hassle.
**No User Exclusion:** Custodians cannot exclude individual users. Because mints do know know which user eCash belongs to, they can not censor certain users.
How to claim your username@npub.cash - This is what makes it so cool. You can actually get a vanity username for your profile name. E.g. I got mine as starbuilder@npub.cash. Simply visit npub.cash website and click the get username button. Put in your vanity username and pay 5k sats to get your profile@npub.cash
**How to claim your username@npub.cash**- This is what makes it so cool. You can actually get a vanity username for your profile name. E.g. I got mine as starbuilder@npub.cash. Simply visit npub.cash website and click the get username button. Put in your vanity username and pay 5k sats to get your profile@npub.cash . This is onetime and you can use this address forever..!
**Frequently asked Questions:**
1. What connect string to use to login with NIP-46 on iOS. - try setting up an account at https://use.nsec.app/home . This is still WIP. If it does not work, just try the Nostr extension using laptop browser
2. Is there a notification when I receive sats/zaps? Not yet. We are working on it. However, just go to npub.cash every couple of days to sweep your collected sats to your wallet
3. Which cashu wallet to use? Use enuts (android & ios) https://www.enuts.cash/ or minibits.cash for android https://www.minibits.cash/
4. Will anyone be able to claim my sats? NO. When you start the claim process you need to sign with your Nostr extenstion signer to claim sats. So only the person controlling the private key to the npub can claim sats.
5. I really struggle to understand the flow of what happened concretely. - Don't break your head. the devs got you covered. Also, this is super new and everyone is trying to get their heads around. Just follow instructions, play with it and ask for help.
6. Is it non-custodial? - When we lock your sats to your pubkey we cannot spend it. However locking to pubkey is not enabled until wallets can start supporting them.
7. How do I ask for help? - just post **#asknpub.cash** and post your questions. We will get to you.
8. Who are the devs behind this? @calle (Master of Cashu) @egge (Core dev) @starbuilder (dev support)
Here's what everyone is talking about #npub.cash on Nostr
nevent1q…vwyr
nevent1q…edre
nevent1q…4kj5
nevent1q…le9m
nevent1q…et6k
Great post by the way, really helped me understand it and super excited for L3 and more privacy :)