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Yes, being small would greatly lessen the impact of debasement.

However, successful projects tend to coalesce into a 2 or 3 main providers. I mean just think about opensource in general: How many SMTP projects are there? At best there may be 3 or 4 major projects, but not dozens/hundreds.

To that end, how will you evaluate the 100 mint providers? When you see a long list of unknown random names...forget about debasement, which ones do you even trust not to rug you completely?

Thanks for describing my point. I totally agree with you.

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I have a feeling a ratings system could work pretty well. I think this is why we actually want mint operators to charge a fee: if they are earning money for running the mint it is in their interest to keep it going. The faintest whiff of a person not being able to trade their ecash back for sats and everyone will be running for the doors.

In this sense, fees are the antidote to debasement.

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