Join Nostr
2026-10-16 14:32:00 UTC
in reply to

waxwing on Nostr: Remember the risk with cashu servers/hubs isn't honoring withdrawals as much as, they ...

Remember the risk with cashu servers/hubs isn't honoring withdrawals as much as, they just spend the bitcoin, since they can. OK I guess the distinction isn't important, in both cases as a user this only matters when you want to get money out.

But in trying to understand why lichen is different, remember that before the timeout of your contract with the hub (3 months, 6 months, whatever you choose), the money is locked in a 2 of 2: it can only go out by *you* producing a ZKP saying you're owed X, or to either you or the hub if either side can prove the other cheated, or all to the hub after the timeout if you go silent after 6 months. Things like "payment from Alice on hub1 to Bob on hub2" would work as classic swaps, with an intermediary (think hub2 having a balance on hub1 and your money flows through it. But that's another thing, the "unruggable" is about that 2 of 2 that you have with your hub.