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Replying to Avatar mrclownworld

The challenge, though, is that asking people to trust a custodian (even a blinded one) requires communicating that “we’re big, we’re stable, we’re not going anywhere, you can trust us” and whack-a-mole is different from that

That said, if we can have 100,000 mints at once, all in jurisdictions with friendlier laws, then it’s like mp3 sharing - too proliferated to stop

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Zach⚡️ 1y ago

You also don’t need to put a ton of trust in a mint, because it’s usually for small amounts and the ability to instantly leave keeps people honest, at least more than traditional banks.

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