No, you’re right, I totally agree, it’s an order of magnitude better than the truly evil and insane current system. I just worry that fedimints might be able to evade regulation if they serve 10-50, *maybe* up to 100 people. Realizing they will need to serve hundreds or even thousands to function worries me.

Like, for example, my family is members of a club that has owned the same spot of real estate since the 1890s and they have managed to be grandfathered in at all these different levels to do what they do, because they’re a bona fide private club that does not ever rent to the public. But they have dozens of members, not hundreds, and the zoning regulations make this sort of thing way harder if not impossible to set up in the modern day (or else you’d see more of them). I could see a fedimint working perfectly for this group.

Now that I say it though, they have maybe 25 members who have their own families… there are probably a couple hundred people who could bank with the club if they chose to offer it.

Damn, if social clubs and churches and such could become non-profit banks… ok I’ve just talked myself into being incredibly bullish on this future.

A Bitcoin co-op. That actually sounds incredible.