fysx on Nostr: Cashu blew my mind at first. I was like bitcoin on lightning with no fees and even ...
Cashu blew my mind at first. I was like bitcoin on lightning with no fees and even more privacy! But then I was like, it’s custodial, but you choose your custodian. But then I started wondering… what prevents an entity from starting a mint, waiting for a deposit threshold, and then simply rugging and repeating… I’m positive my smooth lobes are missing something, but at a protocol level, is there any incentive not to do exactly this? Asking for a friend.
Published at
2024-05-08 06:37:54Event JSON
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"tags": [],
"content": "Cashu blew my mind at first. I was like bitcoin on lightning with no fees and even more privacy! But then I was like, it’s custodial, but you choose your custodian. But then I started wondering… what prevents an entity from starting a mint, waiting for a deposit threshold, and then simply rugging and repeating… I’m positive my smooth lobes are missing something, but at a protocol level, is there any incentive not to do exactly this? Asking for a friend.",
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