FEDIMINTS ARE FAIRLY CENSORSHIP RESISTANT SINCE FEDERATION OPERATORS CANNOT SELECTIVELY CENSOR USERS.
USERS HOLD THE PRIVATE KEYS FOR THEIR OWN ECASH TOKENS. TOKENS ARE PRIVATE AND FUNGIBLE.
Discussion
Just started learning and watching some btc sessions about ecash, cashu, etc. I'm liking it.
Ecash is sexy
Don't know much about this, but seems exciting!
Fedimints can hold encrypted backups of keys for whitelisted users though, right? Thinking of grandma losing her phone and me needing to help her get her money back
Tengo que aprender más sobre esto. 👏👏✨
For the community and them being in charge are lovely aspect of Fediments.
If I feel comfortable to hold the $5k of my closer family but not to have whole coins go through my custody, I probably should not run a mint, right? The workflows I saw so far looked like tokens where redeemable by anybody - no login required - so if uncle Jim put a 10sat token on his timeline for anybody to redeem, now everybody finds the mint and can run funds through it and I cannot even selectively rug-pull the non-family members.
With that being the default how these mints work and with mints being in wide-spread use, tracking UTXOs can become more and more futile, fixing the fungibility of bitcoin but I suspect these mechanisms will get tested in courts for many years to come.
Is it possible to prove which exact subset of custodians has rugged users if a rug happens?
Interesting fedimint is making a second wave of excitement. I’m here for it.
WHERE CAN I LEARN ABOUT FEDIMINTS
