https://youtu.be/XosysCtKxt4?si=sv8JuIi-_8j-6Q29
This was really good
Discussion
I like this idea better. It does lower the risk if you think about it
cool. but im exhausted with all these solutions that nobody uses. can these people focus on one thing and get it right? its like throwing a bunch of shit at the wall hoping something sticks.
When you have time watch it. fedimints i was against but mannn know i get it.
The idea that we can become people of trust for our peers is immense.
Well he explained that the mints should not be enormous that, that is why we will have multiple mints so the risk of someone taking of with it. Plus i believe mints should be made with ppl you actually know so the risk is very low
Size is realitive. A 1mill sats is huge for some people already. Others a few Bitcoin is just rainy day savings.
Obi is so well spoken in the way he describes Fedimints. Was listening to a nortrnests with him a while back and it all makes such perfect sense. If a bank wants to stay relevant, they could just form a federation and would still have to play by the rules everyone else has to? It’s a brilliant way for people who fear responsibility, to still be comfortable using bitcoin in a permissionless manner!