20 sats \ 1 reply \ @Scoresby OP 25 Apr freebie \ parent \ on: Does bitcoin have any value if Russian oligarchs can't use it? bitcoin
If I have a mint and my server gets seized by the govt, the people holding tokens from my mint will have a very hard time exchanging them for tokens from any other mint or for btc.
Cashu is not centralized, but my Cashu mint is centralized.
provided they aren't actively being rugged, or have enough notice before the mint closes down.
Isn't this the problem though? They dont give you warning. You just suddenly hear that the mint is down.
They don't ever have to come back to the gateway if people really didn't want them to
But whoever is running the gateway won't run it for long if it's a one way trade. If all they do is hand over btc and receive that particular mint's ecash, they will run out of btc. How do they turn the ecash back into btc? They go to that particular mint which created the ecash.
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17 sats \ 0 replies \ @windward 25 Apr
Cashu is not centralized, but my Cashu mint is centralized.
yes. cashu mints are centralized.
You just suddenly hear that the mint is down.
this is why most cashu wallets allow you to melt between mints - that way you can 'distribute' risk as a holder. You are also only affected if you had tokens from that specific mint. cashu would still exist.
you can't spin Whirlpool back up without Samourai, as of right now.
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