Replying to Avatar Felix

Should the guardians of Fedimint Federations make themselves public?

Personally I would trust federations with known guardians more, but seems like the current federations are mostly black boxes.
ed
ede3d957... 1y ago

Can we have zero knowledge proof of known and trusted people in the space. E.g. knowing that 3 people have the keys to a mint but they themselves are not known directly. Only that they are part of a bigger group of trusted orgs or individuals in the space.

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Felix 1y ago

Interesting concept, you couldn't blame them directly if they do a rugpull but at least trust them more than a completely unknown guardian. But there definitely exists no software to do this yet.

ed
ede3d957... 1y ago

Maybe we could even design a multisig penalty system tied to it if a rug occurs so we make it economically less interesting to rug pull.

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Felix 1y ago

But who decides if the rug has occurred?

ed
ede3d957... 1y ago

Maybe similar to Bisq or Haveno some arbitrators. It's not perfect. But maybe better than nothing.

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Leo Wandersleb 1y ago

It's possible to proof group membership without revealing who you are. So you could have just what nostr:npub1ah3aj4mhfew4c7txfdd4paf3wr5syntkeyxenl9fxf9rejte2wpqwcl76e was referring to. You could use nostr keys for that but the group would have to collaborate to generate some setup ... I'm not a cryptographer but I'm sure it's possible.