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1 sat \ 1 reply \ @supertestnet 5 Jan 2024 freebie \ parent \ on: Hermes: A Noncustodial Lightning Address Messenger w/Fedimint lightning
Coinbase has custody because they have unilateral access

Agreed

In a fedimint no one has unilateral access to the funds

Disagreed

The group is someone

That someone has unilateral access to the funds

Therefore it is custodial

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1464 sats \ 0 replies \ @supertestnet 5 Jan 2024 freebie

On a related note, multisigs sometimes take money from people, especially when a court orders them to. Case in point:

https://dailycoin.com/oasis-counter-exploits-wormhole-hacker-to-retrieve-225m-on-court-order/

If the members of an ethereum multisig can receive and comply with a court order, why can't the members of a fedimint multisig do the same?

If they can do the same (and I'm pretty sure they can), how is that not an example of group custody (I'm pretty sure it is)?

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