i’m new to learning about fedimint and I have no horse in the race.
are there other alternatives to custody assistance that you think offer similar tradeoffs and have more appropriate technology choices?
are there other alternatives to scaling bitcoin utxos to serve 8 billion people?
genuinely curious to learn more
at much energy as possible should be spent on self-custody, outside of that, if necessary, i believe the best solution is the simplest which is continuing to expand on services like cashapp, WoS, cashu, fintech.
but i’m confident self-custody will scale to support everyone
federations are the worst mix of everything
I’m also fairly new to it, hence the question. Lots of smart people seem genuinely excited but I’m not seeing it.
Re: scaling, I think lightning would get us to several billion no problem. Again, haven’t gotten deep enough into the technical weeds there to be sure but the concept certainly scales.
Custody assistance feels like a fake problem to me. Yeah, holding bitcoin safely is harder than putting your money in a bank account and trusting the government but it’s not that hard. I think we’d get a very long way with just better design and product thinking tbh. And that feels like a set of solutions that are cheaper, faster, and more likely to hiked results rather than layering on more confusing process to bitcoin.
Elegance is about removing as many moving parts not building more cool shit because we can.
All that said, I’ll be excited to learn I’m wrong for some reason.
If you haven't already caught it, I am listening to #[2] #[3] #[4] #[5] and #[6] talking through ecash and fedimint and I learned a TON about both.
https://fountain.fm/episode/14812422581
I haven't finished the pod yet but I might just have to eat my earlier words... 😂
