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0 sats \ 4 replies \ @BlokchainB 11h \ on: Long-form Content: ecash (Transacting with ecash while offline) by gandlaf21 bitcoin
If I create a nut and then send it offline can’t I reclaim it first before the receiver?
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95 sats \ 3 replies \ @m0wer OP 2h
If I create a nut and then send it offline can’t I reclaim it first before the receiver?
Yes, you can reclaim a nut before the receiver in basic offline transactions - that's the double-spending problem.
However, if the sender creates a token locked to your public key (for untrusted transactions), then no, they cannot reclaim it because only you can redeem it with your private key.
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23 sats \ 0 replies \ @BlokchainB 2h
Ah thanks for the explanation
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0 sats \ 1 reply \ @SwapMarket 2h
This is subject to sender's mint not cheating. I can run a mint that will issue nuts not backed by anything. So I have no problem locking them to the receiver. The whole idea is based on a delusion. Cashus don't work trustlessly. And trust is not Bitcoin's philosophy.
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0 sats \ 0 replies \ @m0wer OP 2h
Cashus don't work trustlessly.
Of course not. The question is if it's the best way of solving the problem of offline payments. The other option currently is banknotes which as you know have other inconveniences.
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