The challenge, though, is that asking people to trust a custodian (even a blinded one) requires communicating that “we’re big, we’re stable, we’re not going anywhere, you can trust us” and whack-a-mole is different from that
That said, if we can have 100,000 mints at once, all in jurisdictions with friendlier laws, then it’s like mp3 sharing - too proliferated to stop
You also don’t need to put a ton of trust in a mint, because it’s usually for small amounts and the ability to instantly leave keeps people honest, at least more than traditional banks.
I do remember nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg saying something about doing "automated bank runs" on mints, where all of your tokens are refreshed every month so you don't have to trust the mint. I wonder if he can comment on what would happen for users if they knew a mint was about to go down.
