mikedilger on Nostr: Im just gonna make a quick statement here about cashu and nutsacks (I know very ...

Im just gonna make a quick statement here about cashu and nutsacks (I know very little, I just read some hype bullets).

I came here to empower speech. Many of you came here to empower money. I think both goals are laudable, but I am trying to avoid the liability of that second one.

Governments have crazy complex and onerous regulations around money. Any technology that touches money needs a legal team, or needs to be developed by anonymous developers (of which I am not).

Gossip client has zaps because there is no money transfer involved when creating an invoice, or in reading and displaying a receipt. And your private key does not unlock or lock any monetary balance.

I'm not sure what cashu/nutsack technology does, but based on the hype bullet points I don't think gossip can implement it.

If the government pervertedly and twistedly (as they do) begins to view nostr private keys as financial instruments or technology facilitating money transfer, then I will be forced to cease nostr development.

Also if nostr nsecs start to control money, then fiatjaf is wrong about subkeys not being necessary.