Replying to Avatar JeffG

Is it just me or does anyone else think fedimint is just too complicated to actually work.

Good solutions are always elegant. And from what I’ve learned about it so far, fedimint doesn’t feel that way to me.

Am I missing something?
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Stephen DeLorme 2y ago

Complexity sometimes gets a bad wrap.

Having a well in the center of the town is far simpler to implement than indoor plumbing, but I wouldn't argue against indoor plumbing.

Lightning network is much more complicated to explain than talking about increasing blocksize, block speed, etc., but I wouldn't argue against lightning.

On the other hand, just being complicated doesn't make something a good solution either.

So having said that, what specifically do you find too complicated to actually work?

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JeffG 2y ago

I think it’s the combo of federations (I thought we were working to get rid of the requirement to trust) and e-cash (which has to be issued & backed by said federations, and needs to be tradable between federations - wait, that sounds familiar).

Just seems like a LOT more moving parts that require trust and feel very fiat to me and the only benefit I can see is a slight reduction in the need to learn to properly self-custody your bitcoin and a bit more privacy, as long as you can trust your federation.