Wouldn’t mints be better since they are not custodial by a single entity?

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You mean fedimint? Yes, unequivocally better in terms of the security model. But federated custody is a really complex engineering problem.

I think fedimint is how ecash scales to larger balances. I probably wouldn't deposit my paycheck into a cashu mint but I would use a fedimint.

All in due time. :)