This is a really cool solution. fedimint provides a lightning address so you can accept zaps while your non-custodial phone wallet is offline. the mint is taking on the role of wallet of satoshi here. The wallet then can automatically sweep your mint funds into your wallet once its back online. This is great ux and fixes a lot of concerns around depending on custodial lightning wallets for onboarding. nostr:note14hffcxz8caevxsmzl4rr3l3t2xnschpp22r7gggez5as0lykjq8qe5wksh
Discussion
Are there public fedimints online yet so we could try?
Sounds like a good solution. Another alternative is what Aqua is doing - immediately swap sats received via Lightning Network to L-BTC on Liquid Network.
ECASH CAN BE LOCKED TO AN NPUB TOO. UNLESS THATS JUST A CASHU THING. IF NOT WITH FEDIMINT ECASH CURRENTLY, SHOULD BE POSSIBLE.
Ecash are promissory notes for sats. Address locking is a cool security feature for protecting against ecash scrapers malware/bots. This alone is reason for them. Address locking ecash does not improve counterparty risk from the mint as the operator (or a signing quorum) can *always* rug all the sats from the mint.
I think the greatest advantage of Fedimint at this moment is that a multisig quorum provides a path for skirting regulations. No single key holder could legally be considered the custodian.
Did you hear dusty reply to your question the other day?
Makes me excited for lighting development overall, seems that while it’s difficult to work on, the updates will be grand! Might be able to solve these kinds of zapping issues without fedimints!
Nope missed it
I think it was connect the world? He was talking about splicing and at the very end they asked him a question from you, something like what are his thoughts on the future and if ecash would become dominant… he seemed to have a kind of “we will see” answer but always has some good thoughts.
Kinda a generic splicing conversation overall but always like hearing his thoughts after being in the weeds of lighting for so long.
Oh i didn’t know someone answered my question already. Will check it out
The onboarding challenge is real. I am considered tech savvy and spent half the day trying to set up Zaps. I think Fedimint sounds good at solving the 'trusted community' missing piece of the radically self-reliant Bitcoin protocol