0 sats \ 3 replies \ @BallLightning 23h freebie \ on: Fedimint: Scaling Bitcoin for Billions of People? bitcoin
Immediately I see a problem with this post. In one paragraph it says KYF (know your friend/federaton), on the very next it says "it's easy, just download the fedi app". And it skips the very important step on how to join a fedimint.
And almost no one personally knows any guardian of a fedimint. There isn't even a functionality in fedi to see anything about the guardians.
Are you supposed to wait until somebody you know starts running fedimint?
It’s an open-source protocol so anyone can build a wallet software to use the protocol.
It’s still early and currently it’s mostly just the software company “Fedi” building products as far as I know.
This post wasn’t specifically about Fedi, the consumer-facing app (will do a deep dive later), but about Fedimint, the underlying protocol.
But you’re right: ideally there should be information in the wallet software about the federation you’re joining.
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Yeah. Mutiny had better integration and had functionality to receive and send onchain from the fedimint. Bit it too lacked visualization of information about the guardians.
Furthermore do you think everybody in the future will have a fried who can run a fedimint?
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If people keep on building on Fedimint, the mints could be like WhatsApp or Facebook groups. Everybody would be in one.
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