Replying to Avatar Ethan Tuttle

Security is all trade offs. Where are your keys stored? How do you secure those? Do you trust someone else to safeguard them? Not many people live completely alone or trust no one. Community based trust has and will always exist.

That is the scale of focus for Fedimint. If the small stack means a lot to someone, then it would be recommended they not put that in someone else’s trust.

But coming back to the topic at hand, if someone values a swap into XMR more than that stack, a module that enables swaps makes sense.

Nothing is absolute. You trust someone along the path of using bitcoin. It’s how things scale.
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Saberhagen The Nameless 2y ago

True, but ceteris paribus, fedimints will always have additional layers of trust on top of the the aspects of trust that are already present with Bitcoin/Monero.

Fedimints are faster and more convenient for sure. I'm sure many people will use it because most already value that trade off with other things. I'll mess around with it too.

Yea, I agree about the module things. More options is better.

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Ethan Tuttle 2y ago

I think with the modularity, people will use them for a number of reasons.

There will almost certainly be a market for gambling to run atop fedimint. But now the poker chips ARE actually as good as money, and you always know they return to you eventually, or you keep a cut.

Or gaming companies that can embed ecash as data objects in games for players to find or win and immediately reissue for real money.

All redeemable on chain or over lightning with complete privacy.