Max Hillebrand on Nostr: Cashu is a money warehouse receipt, its not strictly speaking a credit layer, it's ...
Cashu is a money warehouse receipt, its not strictly speaking a credit layer, it's not even debit banking in the classical sense, as the mint doesn't loan out the deposited money.
Bills of exchange are peer to peer generated and transferable credit, which if bought by a discont bank, can be bundled in a credit money token issued by that bank. This token could use a slightly modified cashu stack.
Bitcredit (nprofile…7suh) is what you're actually referring to in your post.
Published at
2024-11-20 12:12:22Event JSON
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"content": "Cashu is a money warehouse receipt, its not strictly speaking a credit layer, it's not even debit banking in the classical sense, as the mint doesn't loan out the deposited money.\n\nBills of exchange are peer to peer generated and transferable credit, which if bought by a discont bank, can be bundled in a credit money token issued by that bank. This token could use a slightly modified cashu stack.\n\nnostr:nprofile1qqsv7exgrnd0xd3gfhw5jl45596zuawudu39nzctk7vhxy58y4nr7mcpzdmhxue69uhhqatjwpkx2urpvuhx2ue0uy7suh is what you're actually referring to in your post.",
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