tolot on Nostr: That's because it's custodial wizardry: when you deposit, the invoice shown is not ...
That's because it's custodial wizardry: when you deposit, the invoice shown is not your wallet, it's the LN node of the mint you selected during the setup. Then the mint, once receives the payment, mints to you some ecash tokens, that are something similar to gift cards. The balance you see is of these rcash tokens, pegged 1-to-1 with sats.
Published at
2024-07-18 22:41:17Event JSON
{
"id": "eaec02c77cb4e0abf3a221ad616ffbfdfc755d414bcd18dd51af4da124d75940",
"pubkey": "fce4177babd57f64d302a7f04db4d1174983e34fbfc27258060cb12ff504cdc8",
"created_at": 1721342477,
"kind": 1,
"tags": [
[
"e",
"3198226dc39609ceb7c5bceb27d0572e84bc663de1134cf1b69d1674e921fb09",
"",
"root"
],
[
"e",
"09d7dcf67084c302d7b38dd1c8ff6d11924db6f88f4691ddd1c6e9f9db7f1148",
"",
"reply"
],
[
"p",
"b9951c13e63c181e2f99177eae0e8df384a1d7ec64b8db280a9463c3a6234663"
],
[
"p",
"fa984bd7dbb282f07e16e7ae87b26a2a7b9b90b7246a44771f0cf5ae58018f52"
],
[
"p",
"f5dce68e49a6bdbafa7e11a42f3bbe5bcc21e071531375d886d3bba92399fcbb"
]
],
"content": "That's because it's custodial wizardry: when you deposit, the invoice shown is not your wallet, it's the LN node of the mint you selected during the setup. Then the mint, once receives the payment, mints to you some ecash tokens, that are something similar to gift cards. The balance you see is of these rcash tokens, pegged 1-to-1 with sats.",
"sig": "54f28835382e27416f09e04d76a398113e1db4c7e74a905772e9ba822c9e00542b4e7a1906adacec99deeace387a9c915c2af0564cf767b02dcfcb6a6d7a8e57"
}
