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@ JackTheMimic
2025-02-14 20:26:29
So, you hold Lightning in escrow to a cashu mint. The mint distributes (in a loan) those cashu tokens against the locked up lightning funds. This allows fully collateralized loans without having to confirm it on chain.
Think of it this way:
>Anything you can do with gold, you can do with Bitcoin.
>Anything you can do with cash, (pre-1971) you can do with lightning.
>Anything you can do with credit, you can do with Cashu.
Credit is a loan instrument by its nature.