Fedimint is no doubt a custodial wallet. I think it is a much better custodial wallet than the traditional account with an exchange or with an app like Wallet of Satoshi because you have to trust k of n of the federation don't collude against you instead of just a single custodian. 

Many people across the world use custodial lightning because it is simply easier and cheaper than non-custodial lightning wallets. Giving those people a better option is what makes me excited about it. 

I think using a federation for your day to day transactions and then holding your savings in non-custodial layer 1 will be a great option for many people.

anon1

bitcoin

Discussion on Fedimint

part of the value prop of bitcoin is fixed 21M and easily being able to audit supply

you can't easily [audit the supply in a mint](
https://fedimint.org/docs/TradeOffs/DebasementRisk)

potentially, like exchanges, your balance in a mint could be made up of bitcoin IOUs. this is why some people are treating Fedi with some level of scepticism