1547 sats \ 5 replies \ @48f396bf65 13 May \ parent \ on: Thinking through Cashu bitcoin
For spending I would much rather use Cashu, because I don't want my transaction history stored in some company database
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10 sats \ 2 replies \ @kevin 14 May
If you don't like Phoenix then use something else that doesn't route to an LSP. Many options exist: Blixt, Zeus come to mind.
You need to understand the tradeoff that you're making here - in Cashu (and other ecash solutions) the mint can take your money at any point and run away with it. With Phoenix you expose information about your transactions to a third party. Would you rather have your money or your perfect privacy?
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521 sats \ 0 replies \ @48f396bf65 14 May freebie
For everyday spending, I'd much prefer perfect privacy, given the very low risk of a rug.
Agreed on your point that users need to understand the tradeoffs though.
Also, not every user can (or will be able to) afford the on-chain fees necessary to open a lightning channel.
0 sats \ 0 replies \ @crrdlx OP 14 May
Nicely put. Someone in economics said, "There are no wins and losses, only tradeoffs."
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0 sats \ 0 replies \ @anon 14 May
I use cashu all the time to help give other people anonymity. The more people who use it the better.
Also a good reason to regularly use the anon reply feature!
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0 sats \ 0 replies \ @030a29f333 13 May
I'm really not sure why this concept is so hard to grasp
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