Quick question:
In a world where regulatory bodies decide to crack down on any type of custodial situation (especially privacy preserving non-KYC things like cashu) - how do you see that playing out in terms of people running mints?
I'm positive people will still do it, but I wonder what best practices for verifying your mint is trustworthy/has some skin in the game to prevent rugpulls.
i continue to see the need for secret rogue remote services like nodes, servers, mints located in less hostile jurisdictions … like in the back of a nice little cantina in El Salvador
Preventing rugpulls is nearly impossible. A rugpull can be intentional or forced. Mint hosters cannot guarantee anything, and if they do, they lie.
What could indicate a 'trustworthy' provider is transparent communication, good support, community engagement, positive word-of-mouth propaganda, and incentives like service fees, etc. But all of this does not rule out a rugpull.
The wallet can also help by reminding, indicating, and suggesting actions, but in the end, the user has to manage risks himself.
Much work is remaining for adoption to even be considered.
