To Bitcoiners who don't follow Ethereum, because... why would you, an interesting precedent has been set, in which Jump Crypto, who lost 120,000 Eth in February of 2022 when the "Wormhole Bridge" was attacked got a court order, from the England/Wales courts to make Oasis alter a smart contract to be able to steal back funds for them. Most Defi smart contracts are "upgradable" (changeable) and this could happen again.
How is this relevant for Bitcoiners?
Ahead of launching any Fedimints, I think it's good to keep in mind that if we are operating any mints in jurisdictions that won't appreciate the privacy gains Chaumian E-Cash offers, we need to be very careful about selecting multisig custodians of the mints. This may involve selecting people from different jurisdictions or possibly nyms. The Canadian Trucker Funds getting seized was a great example of why a majority of signers possibly should not be in the operating jurisdiction. However in interviews with Fedi's Obi, he imagines local, trusted members of the community. I may disagree.
Hate to bring him up, but there is someone else who is trying to claim in court developers have fiduciary duty to change code to return customer funds, even if that change results in loss of trust in the system. (I'm talking about CSW.) Now a smart contract held by a 4 of 12 multisig is different than the most decentralized computer network ever invented/discovered, but I am sure he will site this as precedent in his legal tirade against Bitcoin Core Maintainers.
