What are the counter-party risks on the peg-in / peg-out?
Discussion
You need to trust the entities that run a given mint. You ideally should know them, and mainly use it for cash balance payments and working capital; not savings.
I've looked into the federated model of the liquid network (I trust Adam Back), but I still am trying to wrap my head around the trust/ privacy trade-off of fedimints.
What is the worst/most malicious thing a "mint signer" could do?
How is it different that blockstream Liquid that nobody uses?
I think it's the blind signatures that differentiate the model, probably other things, don't quote me.
Ive watched this a couple times... still trying to digest.
You saying this is a bit better than a custodial wallet of satoshi? Trusting again is not sovereign? Not your keys not your coins. Is Convenience the reason?