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110 sats \ 2 replies \ @thrown 20 Jul 2022 \ parent \ on: Fedi — first wallet of federated e-cash protocol Fedimint protocol bitcoin
Fedimint is a great solution, yes. It’s not a quick dumb thing.
Self custody = lost bitcoins, destroyed lives.
I see this as a huge win. An intelligent way to manage ownership of your money without the risks that both exchanges and self-custody bring. Different set of risks, but much more manageable for regular people.
Primary feature of fedimint is privacy (and thus censorship resistance).
Self custody = lost bitcoins, destroyed lives.
Are you joking? Have you seen the number of exchanges going under in recent weeks?
If 10% of those self custodied, and 10% of those lost their coins the overall result would be far better.