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Replying to Avatar Matt Corallo

If we want ecash to have any hope of working out, we need anonymous mints, but anonymous mints are likely to get stolen. Instead, we need anonymous mints that are operated by one of N well-known and trusted parties. Mint operator(s) should take N public keys known to be from N well-known and trusted persons in the bitcoin space, then create ring sig(s) across those N to reveal that they are one of those N parties, but not which one.

Given many long-timers at one point or another had public donation addresses or some other key that is known to be theirs, this should actually be relatively doable, just don’t put too much money in the mint :)

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UNLICENSED MONEY TRANSMITTER 1y ago

isn't fedimints specifically that?

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Elephant in the root 1y ago

They have multisig but not ring sig.

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Matt Corallo 1y ago

nostr:nevent1qqswtkn39eey8fhc6ngfh04efezf3ueq2vq80xa0kxr6rgt8j6nrdkqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpramhxue69uhkummnw3ez6un9d3shjtnzd96xxmmfdchxu6twdfssz9rhwden5te0wfjkccte9ehx7um5wghxyecpzfmhxue69uhk7enxvd5xz6tw9ec82csp89uq3

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UNLICENSED MONEY TRANSMITTER 1y ago

a federation can join this ring signature scheme?

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Elephant in the root 1y ago

Yes, I understand that.

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