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24 sats \ 2 replies \ @freetx 7 Jun \ parent \ on: Ecash mints are just like the Fed's Repo Window bitcoin
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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