Nuh on Nostr: If you take secure enclave for granted, you should take Rootstock peg for granted ...

If you take secure enclave for granted, you should take Rootstock peg for granted too, the difference here is that you don't have to keep making this decision every time you switch mints after they inevitably die and freeze your money. Instead you can develop mints on Rootstock where even if the mint dies the funds can be recovered, and if the mint tries to steal they can be slashed.

If we are going to trust Multisigs with HSMs ... Wouldn't it be better to do this charade just once? Or are we going to do the Mastodon thing again of users not knowing what to trust to even start?

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This is huge progress. We will soon have Cashu Ecash mints in secure enclaves that the mint operator can't steal the Bitcoin from, not can they inflate or manipulate the Ecash supply.

The operator has no access to the private keys of the mint. This is amazing news for users and operators alike.

It allows us to build tools for communities that allow them to run mints without being afraid of malicious actors, internally or externally, such as security threats from hackers.

We're building this for the Bitcoin community first but we're planning to expand this also for local currency communities outside of the crypto space that exist in pockets all around the world. Especially the local currency tech stack is old and antiquated. We're going to give them the most advanced ecash protocol they could ever dream of. For free!

Lots of moving parts here: servers, libraries, backend, wallets, and protocol extensions. Incredible work by the entire Cashu team.

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