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They are both 'credit risks'.
Counterparty risk refers to the other party of a contract (e.g. delivery of rice or oil), Issuer risk to the issuer of a financial instrument (e.g. bond or bill of exchange).
Counterparty risk is significantly greater in terms of complexity, volatility, and contagion.
– Bitcoin M0 (commodity money) has none of these two risks (there are others). – Contract parties paying with eCash settles C/P risk (Cashu and Fedimint can do) – Issuer risk (slow/fast rug) must be eliminated on the mint level (needs Bitcredit Protocol).
More about this in a few weeks. Stay tuned.
Hey, just read about your initiative. Where do it differs from cashu? (if?)
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  1. It can deal with Bitcoin base money and with Bitcoin credit money.
  2. It aims to be non-custodial for credit money. Still working on it.
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Thank you!!
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Please and thank you!
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