243 sats \ 3 replies \ @fanis 10 Oct \ parent \ on: Mint Auditor bitcoin
By "blind", I mean that a mint doesn't know which user an ecash token "belongs" to. If they weren't blind, mints could always honor withdrawal requests from identified auditors, thus appearing trustworthy while rugging other users.
In other words, it works because a mint can either rug everyone, or rug no one. They can not rug one user in particular.
blind rug pull 😂😂😂
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If they weren't blind, mints could always honor withdrawal requests from identifies auditors, thus appearing trustworthy while rugging other users.
Ah, I see. My point is that in this case, mints could always honor withdrawals to other mints but not anywhere else to make this tool less useful. The mints essentially audit each other.
But at least this means you could always swap to a different, honest mint before withdrawing to your own wallet.
I think BOLT12 can fix this.
Btw, I still think this tool is useful. I am just trying to point out limitations.