THE PLANNED FEDIMINT HYBRID APPROACH OF MUTINY WALLET IS INCREDIBLY INTERESTING.
USE FEDIMINTS FOR SMALL BALANCES AND LN ADDRESS RECEIVE. SEAMLESSLY TRANSFER FUNDS TO SELF CUSTODY WHEN BALANCE INCREASES.
RESULT IS A LIGHTNING WALLET THAT IS AS EASY TO USE AS A CUSTODIAL WALLET WITH LESS CUSTODIAL RISK AND BETTER PRIVACY. SEEMS LIKE A WINNER.
₿ULLISH
I swear we are barely keeping up with development.
What's this now? 😅
these fedi codes are so hot right now 🦩
So its a single Fedimint centered around Mutiny Wallet? Not a potential galaxy of various Fedimints? (which doesn’t seem at all possible, just trying to clarify)
Sounds like shit is getting real.
Nevermind…I found the post. A little confusing but it’ll get ironed out over the coming fudmo year….
Thoughts on Muun wallet for small balances? Been using for a while now and no issues.
Fees are craaaaazy high 🤨
yep .. also watching
These are positive developments for freedom money. What are the expected privacy, sovereignty, or security improvements of a Fedimint being used in this way compared using Liquid protocol for small payment bundling prior to atomic swap to lightning? Is the blockstream liquid federation know to be less trustworthy than the suggested unnamed parties described here?
When I hear criticism of federated custodial solutions, I think people fail to realize that most will not be able to use Bitcoin in a non custodial way. The good news is, unlike current systems, a custodial user will always be able to work their way into financial sovereignty and can permissionlessly move away from custodians when they can afford to. It will be in the federations best interest to do good by thier users because the competition will be great. Bitcoin is a force for decentralization of all things after all isn't it...
Individual Fedimints will beinteroperable with other Fedimints via gateways. If they become widespread, one could theoretically spend their units directly.
How does #cashu relate to this (if at all)? Are ecash apps interchangeable?
