- People want uber like convenience, and low cost for transactions when using money

- Non-custodial bitcoin or lightning is a straight up non-starter for most of the world

- Many users end up using custodial wallets for the convenience but...

- No privacy for their transactions

- Trusting their money to randos instead of holding it themselves

- They get rug-pulled all the time regardless if its a good custodian or not (FTX, Paxful)

- current example is Wallet of Satoshi, super easy to use and is a very successful wallet, prob the best LN wallet out there, but might rug-pull us all any day.

- FediMint is a easy to use bridge solution before we get to non-custodial, based on society today.

Here are the highlights:

- If you are gonna trust someone, its good for it to be someone local in your community.

- Even better for it to be multiple local custodians that hold multisig keys, so they would have to consipire to rob everyone (and the users of the fedimint know where they live and can go put a beating on them)

- Best part, the 'eCash' inside the fedimint moves around freely, without any trace. no users, no wallets, no blockchain. its just data moving around like *actual physical cash* would

- The 'eCash' is also interoperable with lightning, so you can still send to CashApp, Strike, WoS, BlueWallet, etc. which would leave the FediMint automatically and seamlessly.

*Here is the finishing move:* Bitcoin is not scalable, even Lightning is not fully scalable to billions of people without taking years of full blocks to get people onboarded. FediMint+Lightning is scalable TODAY to the world.