Why Nostr? What is Njump?
npub1vw3…g5xe
2023-12-29 03:14:35
in reply to nevent1q…ga6d

npub1vw…hg5xe on Nostr: The mint operator can easily remove any sats that originally backed an ecash token. ...

The mint operator can easily remove any sats that originally backed an ecash token. You can transfer the token to another wallet within the mint and not know the token is no good until you try to redeem it for LN sats.
When you trust a mint, you trust them to keep their lightning channels functional so you can transfer physical custody of the actual sats rather than just transfer the claim for sats. A cashu token is an IOU, but its an untracable IOU for real bitcoin.
Author Public Key
npub1vw397esl9mhcdql5hj74vdu8gsr30jvv8dw0qsusvx73nlwgefgq9hg5xe