Honest operator redeems balance in sats onchain.

OK, screw fiat, I want more of this. Is it like Fedimint but with LN backing? What happens to users' e-cash if the channel closes?

Basically, users could exchange hosted/fiat channels states and private keys with single use seals and it might be working as e-cash.

notgeld

bitcoin

Standard Sats against Fedimint Hype

> The only simple way to "hedge" the received bitcoins is to immediately sell them for fiat.

Or buying perpetuals.

> How's Standard Sats for privacy?

The same or better because there is no token. User may create single-use identities for channels and invoices always signed with random key, Tor is an option. And yes, these all available now for trying.
