Subnostr

I think the whole point is yes you do trust the community bank. Shouldn’t you trust your local community? I know it’s common to be paranoid here about everything but in reality trust is fundamental. If you don’t have enough people you trust locally then you can always create a mint from anonymous parties and put a small amount of spending money in that is now completely private. Seems like a good use case no?

Hanshan 3d ago

I'm just not sure what problem it solves exactly. It does FEEL like there's a use case here, far in the future when people have solved online reputation maybe.

But its not particularly useful if the user has to vet the mint themselves is it?

I agree that trust is the fundamental question here. Fedi *requires trust but doesn't do anything to solve the problem.

How can I confirm the mint is actually being run by separate entities and not one guy who spun up several different keys?

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Discussion

Artisan Regenerative Traditions 3d ago

That’s a valid concern and if you didn’t know the guardians personally then it is a risk. I see it more as a solution for local circular economies that scales easier and with less friction than trying to fully orange pill your neighbors since we can all agree not everyone is gonna choose self custody but still should have access and ability to use freedom tech.

Hanshan 3d ago

makes sense.

if we're talking bitcoin-backed Chaumian ecash adoption long term,

I think we need to first normalize private key self-custody and control.

Hanshan 3d ago

even if it's an ecash shitcoin, people are spending by signing a transaction. personal key control is freedom.

Artisan Regenerative Traditions 3d ago

Agreed