History of humanity shows we never evaded fractional reserve banking in the long run at least for the civilisations I know of. Would be interesting. Also Calle spoke to something like a proof of reserves for cashu mints, should be doable with fedimint too then.
Discussion
I know, but there's a first time for everything. I haven't hadna chance to listen to the episode, but I tried cashu a few months ago. Calle and Rinjadel were the only other people who knew how to accept it back then.
Seems to be freaking easy tbh. I mean even that you can just burn to a lightning invoice and so on is super neat.
@calle thinks we can solve fractional reserve banking.
I'm optimistic.
We better join him in doing it ;)
maybe. proof of reserves and liabilities adds significant burden to the otherwise sleek protocol. fraud proofs add some more. there is always a tradeoff. but i think it's totally worth it. maybe not for every use case not for very small amounts and services, but for the ones people use as a bank even if just for their monthly spending.
Im not sure about the technical implementations of this, if it’s „just“ about moving funds in Intervalls that doesn’t really seem to stress a Lightspeed system much in my view.
we got something way better than that. only it's difficult to prove the correctness. it's a strong intuition for now.