Explain in 3 sentences how we can trust that a federation won't rehypothecate our Bitcoin
hi nostr.
I'm working on fedimint (thnx nostr:nprofile1qqs8suecw4luyht9ekff89x4uacneapk8r5dyk0gmn6uwwurf6u9rusppamhxue69uhkumewwd68ytnrwgq3samnwvaz7tmjv4kxz7fwwdhx7un59eek7cmfv9kqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcp2shpv ) and have general interest in ecash.
if you don't know what that means, what's your most pressing question? if you do, when was the last time you've checked in on the space? It's quite interesting.
Discussion
Trust nothing. The trust is based on the relationship between users and the fedimint guardians aka node runners. See here for a more technical answer about proof of liabilities: https://gist.github.com/callebtc/ed5228d1d8cbaade0104db5d1cf63939