346 sats \ 6 replies \ @Majjin 3 May 2023 \ on: Fedi, Inc. Announces Raising $17 Million in Series A Round bitcoin
I didn't realize the scope of the project has expanded to a whole operating system. I thought it was going to be something like a fedimint server and a client for desktop and mobile.
I hope that they're successful. Looking forward to viewing the alpha later this month.
They are. This is operating system promise which made them extra zeroes. On the other hand they pretty much lost competitive edge to Cashu.
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I love how Cashu just came out of nowhere and left 'em in the dust.
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I am not sure that Cashu is ideal but it showed that eCash project might be delivered fast and people could start working with it very early.
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Nothing is perfect. Cashu can make custodial lightning wallets extremely private. Doesn't that sound amazing?
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Cashu is cool. What's lacking imho at the moment is a reputable, reliable, ie. professional (set of) mint(s).
The whole point of e-Cash is custody; so own it.
It makes no sense if everybody and their dog runs their own mint. You as a user have to spread trust of across multiple, often unknown and amateurish entities.
It would be perfect If the bigger custodial LN wallet providers (Wallet of Satoshi for instance) were to switch to a cashu model
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That's exactly what I mean. It's still experimental now, but it might at some point become an important differentiator between custodial providers (I hope).
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