Replying to Avatar Shire

Fedimints from a user perspective:

imagine a wallet that functions exactly like Wallet of Satoshi except the keys to the bitcoin are held in a multisig of people that you trust and all your spending is completely anonymous. You can both send and receive on-chain funds and lightning payments, but fees between people in the same fedimint are even lower.
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Roboto Saith 2y ago

I'm a bit conflicted on the trust model because why would I trust somebody I know/in my community to do a better job at securing my bitcoin than people who's job depends on it. Yes the scale is possibly smaller but I still lose my bitcoin 🤷

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Roboto Saith 2y ago

Forgot that fedimint can and should be run by multiple people, then the trust is distributed 😂

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Shire 2y ago

Yea, just gotta imagine a fedimint where Lopp, Odell, Deater, American HODL, Jeff Booth, and a few more are the guardians. The majority of those people will need to agree to steal the coins. Highly unlikely these people will agree on anything, nevermind stealing 😂

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Weinicus 2y ago

Lopp will steal them