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But from a user standpoint how is someone is supposed to know how the mint was created?
I believe users can verify an attestation that proves what code was running when the mint was created.
TEEs aren't lightning nodes, the operator, in order to... you know ... actually operate the thing.. has the ability rug. If they can't rug, you can't spend.
The keygen is irrelevant, nodes use an rpc. Something has to do the lightning to shitcoin swap in memory.
Standard Calle fraud, if he's tweeting he's lying. Never believe a communist.
Would it not be possible to run a mint in a TEE and let people have their non-trusted exit via an onchain transaction? this of course would mean they would need to keep a balance large enough to make an onchain transaction (but this is similar to other trustodial setups like Spark and Ark, I think).
Also, what about running the lightning node in the TEE as well?
If the TEE is a black hole, like how Spark says "trust us we deleted the key", a chain node might be able to run autonomously
That's its own type of rug risk because if anything whatsoever breaks, like an outdated cert or corrupted file, no one can fix it
Lightning nodes are too high touch to be a black hole
Since hosted chain wallets are useless given self-hosted chain wallets don't have the same infrastructure overhead of lightning, that's purely masturbation. Sats can't trustlessly be credited via LN deposits.
no one can fix it
That's the big red flag to me. Wither it is true or it is ruggable. And if it is true, who is going to feel comfortable leaving trusting sats to this?
Plenty of rubes to buy bs and follow hype
True of ecash generally
I don’t think anyone serious. Ecash has been available for years and no one of substance uses it.
I dropped an ecash nut in the saloon for a whole year and ran into issues with that experiment.
Well, @calle is the one who said it was huge, so there's a starting assumption that one thinks ecash is a good thing.
I believe this is a way of proving what software is running, so it would e possible to demonstrate that a mint is running software that created a bitcoin key to which you could deposit sats and which key was not known by the mint operator.
It is cool if you don't mind the idea of trusting your sats to a mint, because it makes it so that the mint operator has less incentive to rug. It is retarded if you think ecash is a bad idea.