your bitcoin is custodial?

Reply to this note

Please Login to reply.

Discussion

oh nvm i see now

in the case u opt in the ecash system

I feel like saying it’s non-custodial is just going to confuse people more so we should really just stick to calling it custodial

It’s a cryptographic IOU that’s backed by the issuer

I say this as someone designing a federated ecash implementation**

** it’s not fedimint neither is it purely ecash but that’s besides the point