A federation of 60+ (& growing) people & organizations. And since they can't see how the money moves, & they can't change the supply, & they would all have to collude to kill the very infrastructure they benefit from, I certainly don't see why it's not a completely valid way to help solve the scaling problem. There are some tradeoffs, but it's far more secure than any shitcoin & it actually contributes to LN privacy. Fediment is basically just a small scale version of a similar thing.