hodlbod on Nostr: Does anyone else feel like using a cashu mint based on reviews is sort of backward? ...
Does anyone else feel like using a cashu mint based on reviews is sort of backward? You can't know if they're going to rug you unless they've already rugged you. Which means you can't use reviews to gauge trust (though you can gauge uptime etc). Reviews might even be a problem, since mints with high reputation will attract more users, making it more profitable to rug their users. The whole idea (same with relays) is to spread activity across many custodians to dilute the risk, but reviews seem to undermine this.
Published at
2025-06-03 18:02:07Event JSON
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"content": "Does anyone else feel like using a cashu mint based on reviews is sort of backward? You can't know if they're going to rug you unless they've already rugged you. Which means you can't use reviews to gauge trust (though you can gauge uptime etc). Reviews might even be a problem, since mints with high reputation will attract more users, making it more profitable to rug their users. The whole idea (same with relays) is to spread activity across many custodians to dilute the risk, but reviews seem to undermine this.",
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