110 sats \ 2 replies \ @02d10975a1 19 Jul 2022 \ on: Fedi — first wallet of federated e-cash protocol Fedimint protocol bitcoin
As far as I know, different fedimint coins would be incompatible. They would show up as different coins in a wallet. Because of this, the system tends to centralize into one, the most popular, fedimint. This makes the whole idea much more risky than having multiple competing fedimints.
Also, I'm not completely sold on the idea. To me it seems that there is a danger of false sense of security. Federating a mint to 20 bad guys doesn't make it safe, while it might seem so.
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222 sats \ 1 reply \ @f321x 19 Jul 2022
No they are interoperable via the lightning network which removes centralization pressure. The 'Token' is just Sats and you can send Sats from one federation to another with normal lightning invoices. This is part of the innovation behind fedimint
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11 sats \ 0 replies \ @02d10975a1 20 Jul 2022
Cool, this makes it way better.
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