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1287 sats \ 1 reply \ @orangecrush 22 Jan \ on: Fedimint is Self-Custodial ecash
Really good post. I suppose ecash is non-custodial in the framework you propose as long one considers it completely separate from bitcoin and not a promise for Bitcoin. I think what interests me most is the extensible framework the Fedi team is building which allows teams build solutions which serve a community’s needs across different facets including technical, legal/regulatory, and counterparty risk.
Thanks @TonyGiorgio
I suppose ecash is non-custodial in the framework you propose as long one considers it completely separate from bitcoin and not a promise for Bitcoin.
No, the argument for "even federated ecash is custodial" would not be dependent on that. It's an argument to be sure, there is more than one facet here, but the power that the (federation) mint has over you is the issue, and that doesn't disappear because what their token represents is not bitcoin.
(In the extreme, if they didn't claim their token represented anything, not even trust in their integrity, then the token is meaningless. If the token is supposed to represent value, then there is a trust issue, so that "self-custodial" is a problematic description).
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