Liquid does not have that and operates just fine longer than basically anything else out there.
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Liquid does not have that and operates just fine longer than basically anything else out there.
Pretend you are not a bitcoiner: Youāre a midwit judge, bureaucrat, or potential juror who dgaf about BTC, and all you know about any bitcoin topic is what a five minute google search tells you. How is Cashu that different (again you know nothing about the real technicals) from Spark or Liquid? Both have no KYC and some reasonable level of privacy(again hand wave nuance and think like a normie comparing versus tradfi), have at least some level of trust or at least some ācustodialā aspects where they can rug, at least in some circumstances. Both basically claim to be āself custodyā for legal purposes and so far itās held up, especially for Liquid which held even under Biden. Cashu tokens, again from a legal perspective only, can be argued as roughly similar as unless the operator rugs only the holder can use ecash and redeem for BTC. Another example: how is it that different from the KYC lite Primal Wallet which is fully custodial and all you need is an email and birthday iirc? Signal already has at least as much personal info if not more so with a phone number as I would guess almost all people sign up with a traditional KYC cell number. Signal could also rate limit Lightning withdrawals to say $25 a day to avoid large amounts similar to Primal except in ecash you canāt limit the amount by holder. Signal also explicitly saves and chooses to never delete your phone number so they also already have a persistent lite KYC model, even if they donāt admit it.
The Cashu FUD is so tiresome and so easily solvable that I struggle to believe people are posing these objections in good faith, I came up with these four ideas with literally 2-3 minutes of brainstorming. The claim there is no solution is INSANE: 1) mildly cyphepunk: the risk is overblown and just accept the status quo; Iāve used Cashu since it came out and have never lost a sat, use Calleās mint auditor and various mint review websites. 2) mildly statist: hire an existing Bitcoin only MSB to run the mint. Strike, River, etc are highly competent engineers who can easily handle running a dinky Cashu mint when they have gigantic lightning nodes. 3) maximally cyberpunk: hire a high reputation anon like Calle, Egge, etc to run a mint. 4) maximally statist: hire a tradfi firm or bank. Fidelity showed they can roll their own custody and itās actually pretty impressive. BNY Mellon and other Wall Street goats also have or are about to have in house custody offerings. Could hire a shitcoin casino like Coinbase. Cashu is easy to run so any of these could do it. https://fountain.fm/episode/ZAHbmB5eevybqtLxkEpF
the spread on Strike currently is above $10k, smash buy price at about $123k with market at ~$112k. Why so much?
The most value add thing you can do with your time in 2025 is not answer the phone.
Fuck the UK legal system (not the people).
Starbucks coffee is not great, especially for the price. To me everything else is noise comparatively. Itās a subpar product at a premium price, not a sustainable combo.
is really great. In comparison Protonās Lumo sucks and refuses to answer anything even remotely controversial. I tried asking all major AIs about nicotine consumption for something that has some stigma, but is perfectly legal and ethical. Surprisingly Proton is the only one that refused to answer. ChatGPT happily answered, but it was not helpful and oddly refused to give numerical data or attempt math. Grok tied Deepseek in Maple for the best answer that was clear, logical, and included the numbers and math I wanted. Maple obviously wins big on privacy. Interestingly, Grok was second best on privacy as you can sign up with a burner email, no X account needed, and no other verification in free mode. Whereas Anthropic requires a phone number and wonāt take VOIP or other privacy preserving options. Summary: feel my one year Maple subscription was well worth it based on both quality and privacy. Sometimes when youāre a parent you want to ask questions in a judgement free zone š Hopefully a long form write up comingā¦
Contractors with firsthand experience are not āplebsā. They are experienced professionals with expertise in the topic. This is silly. The correct comparison would be a nuclear engineer getting advice on power plant operation from a musician.
šš»šš» oshi snack are great https://fountain.fm/episode/kiNZcLKmz3BI59Avbvyj
š«”š«”š«” Actually makes other people better off versus if you āhoardedā other resources people need to live such as food, housing, etc. Money frees up resources for others because youāre choosing to delay consumption (not that thereās anything inherently wrong with consumption, we all gotta eat) .
While itās a scary development, I have hope on how many normies are waking up šš»
All views are my own. Tech finance manager, Bitcoin believer.