"Give us your money, and we'll make it private" -Fedimint Federation
Using a custodial lightning wallet is high time preference
*or comply with kyc to be apart of the org.
Custodial privacy services have always been an easy target for regulators. As soon as the money changes hands and privacy is gained, it gets labeled as money laundering.
This could apply to going in and out of the federation, transacting within it, or running the mint. I don't see how it doesn't lead to a similar fate as Blender.
Or will end up needing a money transmitting license or com
If you use Fedimint or Cashu or run a mint, you better have good opsec or be in a good jurisdiction because you are technically laundering money. Low hanging fruit. Don't get caught in the regulatory crosshairs.
Mempool cleared at blocks 777653, 77654, & 77655
The block fees didn't get very expensive overall with the ordinals drama. A lot less that the spike in Nov 2022 with the FTX & Binance drama.
The ordinals drama also happened to coincide with Binance's routine consolidation dumping.
Majority of txs were < 2 sat/vB (pink).
At it's peak, the avg tx fees were ~5-6 sat/vB, compared to the avg spiking to ~12-15 sat/vB in Nov.
They cleared at 77654 and 77655
Lightning is a lot of fun, but that's mainly what it is, fun and games. Child's play.
The real battle is in the darknet markets, the real free markets. If you want to be taken seriously as freedom money, you better be able to hang in the darknet markets.
Don't lose sight of the mission.
nips n tips
