Proof of Reserves for Cashu
Hey Cashu team,
I've been modeling Bitcoin's future and discovered something incredible: Cashu could generate large fees with 5B users, solving Bitcoin's security budget forever.
But there's one critical requirement: proof of reserves.
Without cryptographic proof that mints hold the Bitcoin they claim:
- First major rug pull kills the entire ecosystem
- Users won't trust mints with real money
- Regulators shut it down
Best
bitcoinecm / Cost required for mining a single Bitcoin
npub1lu…e03ap
2025-09-21 08:40:02 UTC
in reply to nevent1q…e93v
Author Public Key
npub1luyy48g0fqu9xrmaxxd0d688ajudvldn2z308pg4e3rs8xy2elsqne03apPublished at
2025-09-21 08:40:02 UTCEvent JSON
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"content": "Proof of Reserves for Cashu\nHey Cashu team,\nI've been modeling Bitcoin's future and discovered something incredible: Cashu could generate large fees with 5B users, solving Bitcoin's security budget forever.\n\nBut there's one critical requirement: proof of reserves.\n\nWithout cryptographic proof that mints hold the Bitcoin they claim:\n - First major rug pull kills the entire ecosystem\n - Users won't trust mints with real money\n - Regulators shut it down\n\nBest\n",
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