Cashu is custodial. The mint has the keys, the mint owns the bitcoin. It is a bank and has custodial risk.
However, cashu offers seamless perfect privacy. The mint knows nothing about who has their tokens, how many, or what anyone's balances are.
That privacy means that they can only ever rug everyone or no one. They can't selectively rug you alone.
Also in terms of receiver privacy, when you receive payments over lightning, you usually expose a node id. With cashu, that node id is used by you and potentially hundreds or thousands of other people. You're hidden behind an unknown and potentially massive anonymity set.
Big Barry Bitcoin
npub1pk…tpxa6
2024-12-14 18:08:05
in reply to nevent1q…6k3n
Author Public Key
npub1pktmatjk0l8vn3jhfuwxaasjd65kn4ye9sce3egup7k993f8fg2q5tpxa6Published at
2024-12-14 18:08:05Event JSON
{
"id": "7e3ad4b9c25d7ae1ca3e2b3d5fa0879424121286d6407595d1aa5aa69af293a3",
"pubkey": "0d97beae567fcec9c6574f1c6ef6126ea969d4992c3198e51c0fac52c5274a14",
"created_at": 1734199685,
"kind": 1,
"tags": [
[
"e",
"c68277293626db58b7c5366ff5bdab38a308994a81155b9e74790ddaf93999e0",
"",
"root"
],
[
"p",
"5af0794606a15b5641e25aa23d04af4cb0d7d5e68b11cacb47e56a4698fca8c4"
]
],
"content": "Cashu is custodial. The mint has the keys, the mint owns the bitcoin. It is a bank and has custodial risk.\n\nHowever, cashu offers seamless perfect privacy. The mint knows nothing about who has their tokens, how many, or what anyone's balances are.\n\nThat privacy means that they can only ever rug everyone or no one. They can't selectively rug you alone.\n\nAlso in terms of receiver privacy, when you receive payments over lightning, you usually expose a node id. With cashu, that node id is used by you and potentially hundreds or thousands of other people. You're hidden behind an unknown and potentially massive anonymity set.",
"sig": "a51239b2ba7f06322f54da911482e0c42f36123cac950cb805ee983fbd20e2282d4b3bc9cc6c65ee847d6c00f76a6e0a27dfcb9c111c8cd9cae519ab288d9514"
}