I'm trying to understand what are the main steelman arguments for ecash or fedimints that i am missing. these systems assume that there is a trusted entity or group of entities that are suitable to manage the underlying collateral.
My general questions are:
- what prevents this group of entities to runaway/escape with the collateral once it gets large enough?
- (ill be damned but) what are the main differences (enumerated) between that and state run regulations that prevent banks from taking all the their collateral?
- Are ecash/fedi a stop-gap solution or are they the end goal for security? if not what could be an ideal future and where can i read more about it?
Thank you for your attention or replies.