It's just an advanced form of a bitcoin bank. What is current banking? How did traditional banks earn the trust of the people who use them?

In many ways its significantly better than the current established banking. But it probably won't become highly used until people either realize how flawed traditional banks (and bitcoin exchanges are) or until on chain fees are so high that they have to use alternatives.

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But it’s nothing more than a bad custodial Lightning Wallet. I fear the project has been overhyped by VCs and now it’s failing to deliver a usable, elegant product that could scale Bitcoin in meaningful way.

That might ultimately be true. Time will tell. The simplicity of an ECash mint seems more appealing to me but if you could distribute the trust and mint operation that would be great, which is the Fedi goal.

Exactly! See my note. Pedo Mr Alden nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm is shady, and He is invested in this FEDI crap. The whole of "Ego death capital" is a scam and anything it touches looks scammy and shady to me.

Really no need for you to be so mean and hateful.

Course there is a need. Scammers and grifters abound here. You know why? Because there are no actual Bitcoin jobs. There is no Bitcoin economy. It's digital gold. So you got all these "Invest in my Bitcoin fund to support my Bitcoin religion" and "Buy my book I am a priest of Bitcoin" hucksters lurking around.