So, how do you verify or know if the keys are distributed across the different people when using Federation? As far as I understand it’s impossible and 🚩

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Trust me bro

Yeah the only benefit here I see is that more privacy but the trust me bro model is the same as with custodial wallets then.

Ecash in a single custodian mint makes more sense than a federation imo.

Maybe. At least there are proofs you can check

Ideally you should know the people who run the federations, I don't think anon ones are a good idea

Minimum someone's reputation should be on the line

Or just spin up your own for your own use but I doubt that too many people will gonna do that

💯