Cyph3rp9nk on Nostr: How to use cashu to send and receive payments completely anonymously. First of all ...
How to use cashu to send and receive payments completely anonymously.
First of all you have to understand the custody risk, since cashu mints are custodials but the older I get the less orthodox I become in certain things, I don't care if many of you come to me with the custody risk and such, I don't care, I look for practicality and the most economical, the custody risk can be minimized by simply using the mints as gateways and never keeping the funds in them.
Let's go to them.
First of all we download the enuts application:
https://www.enuts.cash/
Since the privacy for the Lightning sender is very good we will start with the reception of funds which is the weak point of Lightning.
If someone wants to pay us over lightning, we create an enuts invoice to receive cash and we give this invoice to the sender as if it were a normal lightning invoice.
With this we get two things, the issuer the only thing that will know about us is the Lightning node of the mint that is not ours and the mint will give us cashu tokens that someone else has paid, therefore the mint will not be able to associate those tokens to our lightning node.
Now we have cashu token and it is great to pay anonymously, if we want to pay a Lightning invoice we will do it through our tokens, the receiver will at most find out that the payment comes from the mint and the mint has no idea who has made that payment.
First of all you have to understand the custody risk, since cashu mints are custodials but the older I get the less orthodox I become in certain things, I don't care if many of you come to me with the custody risk and such, I don't care, I look for practicality and the most economical, the custody risk can be minimized by simply using the mints as gateways and never keeping the funds in them.
Let's go to them.
First of all we download the enuts application:
https://www.enuts.cash/
Since the privacy for the Lightning sender is very good we will start with the reception of funds which is the weak point of Lightning.
If someone wants to pay us over lightning, we create an enuts invoice to receive cash and we give this invoice to the sender as if it were a normal lightning invoice.
With this we get two things, the issuer the only thing that will know about us is the Lightning node of the mint that is not ours and the mint will give us cashu tokens that someone else has paid, therefore the mint will not be able to associate those tokens to our lightning node.
Now we have cashu token and it is great to pay anonymously, if we want to pay a Lightning invoice we will do it through our tokens, the receiver will at most find out that the payment comes from the mint and the mint has no idea who has made that payment.