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314 sats \ 3 replies \ @benthecarman 21 Jan \ on: Is There A Way To Prove Mints Aren't Inflating Supply? ecash
You can audit how much the mint has on-chain but you can't verify how much ecash has been issued. This is kind of an impossible problem because ecash is basically just a signature, there is no way to stop the federation from creating signatures without you knowing.
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0 sats \ 2 replies \ @_b_o_n_e_s_ 22 Jan
how do signatures work, is each ecash token signed by all guardians? or could guardians check number of every other guardians signatures, and see if there are discrepancies between each other?
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42 sats \ 0 replies \ @benthecarman 22 Jan
It’s an aggregate sig by the federation.
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0 sats \ 0 replies \ @_b_o_n_e_s_ 22 Jan
ah, but guardians incentivised to not have their mint implode, so even that wouldn't work would it
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