0 sats \ 10 replies \ @justin_shocknet 29 May \ parent \ on: Why can't you buy ecash from a Cashu mint? bitcoin
Inherently? No
Practically? Yes
Keep in mind that the scammers and spooks aren't pushing ECash as an authentication scheme, they're pushing it as a payment spec... this is an attack on Bitcoin and thus much worse than WoS
How so? It's no worse than trading pre-loaded WoS accounts.
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they're pushing it as a payment spec
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Then I'm not sure I understand what you mean by "payment spec".
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Imagine you're at a farmers market and want to buy a thing
"Bitcoin/Lightning Accepted Here"
You go to scan the QR with your lightning wallet at the PoS, low and behold its some trash fiat spec your wallet can't pay because it's not really Lightning
Or it's extra slow because of the swap/settlement between mints
Or it fails because of all the added complexity overlaid in settlement
This adds friction, confusion, and general bifurcation of the network effect of Lightning
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Have you ever tried ecash? Cashu (and I think Fedimint as well) are very well integrated with lightning. Paying invoices works like the average lightning user would expect.
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They don't "integrate", stop using words you don't know the meaning of
There is inherently more latency and failure probability as a result of the additional mint settlement overhead, this is engineering 101 and unavoidable when complexity is added.
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Again, have you ever even used an ecash wallet? It's not practically slower than normal lightning. And by "integrate" I mean integrate in a UX sense. Please don't assume I don't know what I'm saying. I do use precise language.
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Yes, had a good chuckle with some other Lightning wallet devs when we got rugged right away
I've also helped users of them decipher their bad error handling
I don't criticize the implementations directly because building shit is hard, its more fair just to say their ideas are stupid