0 sats \ 0 replies \ @justin_shocknet OP 24 Apr \ parent \ on: "Federated" is nomenclature used by scammers to mislead the non-technical bitcoin
As I said, scamming the regulator is commendable, that's the premise of stablecoins in creating a shadow banking sector. Stables work on reputation though, much more honest than federation theater.
It's clear that by marginalizing trust relationships, Federations are an attack on small custodians that would truly disempower regulators.