Replying to Avatar Ademan (Temporary)

Am I crazy or is a fedimint a really effective way to mix coins? All deposits into the mint after you are effectively mixed with yours at no extra cost, you'll probably get a completely unrelated utxo on cashout, and you can nearly-completely blind amounts by withdrawing unrelated amounts.

Obviously the compromise is in trust, like with custodial mixers (but considerably better)
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4c648e19... 2y ago

What are you trusting the mint not to do exactly? Just to not inflate the tokens?

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Ademan (Temporary) 2y ago

Fedimints have total custody of your coins, they can inflate the "in mint" supply or just outright rug pull you. It's still better from one party having total custody (like coinbase or whatever), but it's still a trusted relationship.

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4c648e19... 2y ago

>outright rug pull you

As in, steal your coins?

I don't see how they would be able to do that. That's not how Chaumian ecash works. You have the coins physically in your possession. It's not an account based system like blockchain.

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Ademan (Temporary) 2y ago

No, to participate in a fedimint you have to deposit coins into it, which the multisig quorum then controls. Inside the fedimint is where chaumian ecash comes into play.