You are still bullish on the fediment aka Uncle Jim model though right? Realistically it will never be 1-to-1 with custody, having a heuristic for being adequately decentralized is difficult but necessary for us to answer “have we made it?”
Discussion
yea I think fedimint is a solid tradeoff balance in the near term, better privacy and less trust then the custodial wallets that are popular today, still would like to see fully sovereign usage get easier
Cashu <=
Cashu is a cool project but is not going with the federated model. You get improved privacy over a traditional lightning custodian such as Wallet of Satoshi but you have the same custodial risk.
With fedimint the custodial risk is minimized since it is a multi sig custodian.
Bolt12 is a step in that direction.