Could ecash mints organize in some sort of federation so users don’t need to trust single entities?
Cc: nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg
Discussion
Is this what is called Fedimint 🤔 nostr:nprofile1qqswq087qywczsjtkc9p960tpjcvn35gcdr39smefsr49cr33vmfausppemhxue69uhkummn9ekx7mp0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgdwaehxw309a38yc3wd9hj734nsuz
I think in Fedimint users still need to trust single entities. I was thinking more of something like liquid, were the trust is distributed to many
It sounds like you're envisioning a "federation of federations," which isn't technically possible. A federation is akin to a multi-sig where each guardian node holds one key. It's possible for each server to be run by a larger org vs an individual, but each would still be a single entity.
So you want the ecash banks to form their own FDIC?
I want more decentralization and I’m curious how this could be done with a technology that was not designed for that.
Maybe wallets could split balances to like 10 different mints so users only loose a fraction of their money in case a mint becomes evil?