How many sats would you be uncomfortable with leaving in ecash? Either fedimint or one of the cashu mints.
less than 1000 sats20.0%
1000-10000 sats28.6%
10k-100k sats34.3%
100k-500k sats11.4%
500k-1m sats5.7%
more than 1m sats 0.0%
35 votes \ poll ended
ecash is NOT for holding! This is like saying: how many gift cards you are comfortable to keep.
Why did you make a guide to link cashu to Albyhub then?
Did you read it? What did I said there?
You show a few different ways to use Albyhub. You go through each option and one of them is cashu.
You don't remember?
So? Seems that you read from my guides only what you want to hear. The guide is how to use Albyhub, not how to stash your sats with ecash. Just by asking this question, you demonstrate that you didn't understand what is ecash.
I think you know what I meant. Under 1000 sats is not like stashing sats. Its for spending and receiving small amounts. I'm not asking people to store their sats in ecash. Ecash is NOT bitcoin.
What does it means "leaving" ? You didn't specified how much time: 1h, 1 day, 1 month, 1 year. You could have your own mint or using others mint. Are two different situations.
If I run my own mint, for family and friends and I am their custodian is not the same as if they use a random mint. They can still use and pay easily any LN invoice with their ecash wallets, but that doesn't mean I do not have to take care of the LN node liquidity for them. In that case, how much are you willing to have in a ecash wallet?
You didn't specified how to use ecash or what for. That could create even more confusion for noobs. Some of them now will even think "hey I came for Bitcoin and I find out that is "something else" this ecash...".
There's plenty of info about that. This is just a simple poll on the topic.
The reason I'm asking is that I'm currently using cashu on the back end of Albyhub and its having some issues. When a payment doesn't work I immediately remember that this could get rugged at any time so I shouldn't leave too many sats in there. For me the threshold is around 5000 sats. When I get more than that, I withdraw to my LN wallet keeping between 1-3k in ecash to use for zapping, posts, polls and comments. But that's just me. Some people might be comfortable leaving more in an ecash wallet. This poll is to find out.
Wow! Great analogy. Except ecash gets screwed by DNS and at least gift cards have a number and pin.
ZERO. Anonymous mints cannot be trusted. Non-anonymous will be chased by the feds and can be shut down any moment. Mints are scams.
fair...
How about "non-anonymous" liquid? They have something similar. Are they just not big enough yet?
You can't replicate what they achieved with any other "federation". Bitfinex and BitMex are already big enough and long running for me to trust a few thousand sats. And quality of the devs work is very high. Compare Boltz repo to something like Robosats, it is day and night. Rootstock claim they are the longest running sidechain, but I see no progress there in all these years. They comfortably sit with their premined token and are not motivated to do more. Liquid has no token other than Bitcoin, they are incentive compatible with it. And mints, they are just pyrhon scripts with a built-in cheating mechanism (fake wallets).
I'm new to Bitcoin, how do I recognize exchange houses?
I'm at the 1-10k mark
I have 3k sats in cashu.me with the e-cash split between 3 mints
Using the minibits, coinos, and oxchat mints for now.
I'm playing around with the NIP60 wallet because I think it has a lot of potential, could see myself permanently holding my daily zap amount in the thing, would be cool if cashu.me had maximum threshold and automatic withdraws like the SN wallet, multipath payments too.
Hustle would like:
Everyone doesn't need to go down this path, they'll be free to use their lightning nodes and nwc, the above is just what Hustle would enjoy. I understand that the e-cash is more like interoperable credits that can be rugged from an intermediary, hopefully small amounts, automatic withdraws, wot, and multipath payments limit the cost of doing business with the mints.
Thanks for the detailed response.
So that sounds like a maximum rug of 1000 sats if a mint were to disappear.
Yep,
It depends who runs the mint.
This. It's a trust solution. Which I great. Sometimes we can trust. That's how we scale. And it's a spectrum.
Fair.
So a mint that has been around for 1 year? 2?
I would prefer a mint who is run be people I or a community I know trust. On the other hand this could be an issue if the operators are known. Its not an easy question.
There are so many communities and groups that could use these and scale Bitcoin easily. There will always be trust. Without trust there is no community.
I left 10k sats on the legend.lnbits.com mint and it disappeared without warning. 😩
Something similar happened to me too, these are things that help you learn to be more cautious.
Too much to lose?
Was that the default LNbits mint for testing? I think they gave about 6 months warning (if I remember correctly).
I clearly didn't pay attention. That's ok.
Because im new I don’t understand e cash so well I wouldn’t want to keep my savings in it
So 100 sats would be too much?
Because I don’t understand e cash I would rather keep my satoshi
Less than 1000 SATS is what I am willing to store in Ecash. It is just too shady to begin with.
1000 to 10000 SATS. They can close shop anytime so it is better to leave behind a few. Just a few.
The same as in an LN custody wallet!
So what amount is that?
nice try fed! Ahahah
I already voted.
Ahh, I see you!
The Fed see's everything
Probably depends on the mint. The tech is sound. But who is behind it. A little trust goes a long way in Bitcoin scaling. the core incentives are sound so there will be many good actors.
Part #1
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I just saved 1000 sats in ecash, maybe when I have collected it I will increase my savings.
ecash looks fun like a gift card thing, but I wouldn't hold them there, I believe you should trust a mint to the same extent you'd trust a central exchange, you never know.
Fair enough.
Zero
Zero
None.
Why keep it in ecash when you can keep it in sats?
Similar to custodial LN wallets but better privacy
And helps us scale to use both. If trust us an issue, don't use it. If you trust a specific mint to a degree, maybe it feels okay to keep some sats there. No different than how stacker has been. A little trust is okay. Trust is needed to have any sense of community.
Nice try, Fed.
What’s a E cash?
https://bitcoinscoresby.com/ecash/
Plenty of info in the Articles section.
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