Use LN to connect between the families/communities.
Have you ever given your car keys to a valet?
Correct. Don't trust complete strangers. Don't use a fedimint run by complete strangers.
Not many people have the ability or the knowledge to audit all the code they use. At what point do you stop auditing and start trusting? How do we define that point? Surely it differs for everyone. For instance, I don't know C++. I have not audited bitcoin core in depth. Nor many other apps running on my laptop.
I've seen this but don't understand the contextual reference to it?
Everything is trade offs and incentives. Don't trust mints run by people you think will inflate the supply. Also, a bank run in ecash is trivial to complete and would audit any malicious printing.
I do agree that ecash is an offchain IOU. Do you mine with a pool? If so, that's an off-chain IOU, most likely.
Do you audit the compiler code that runs on your devices? Or any other aspect of your stack? Trust is how we scale technology. The term "standing on the shoulders of giants" comes to mind.
Also, the articles are not long...
fedimint is a protocol. I was awarded an Open Sats grant to work on fedimint.
The blog post is from one of the Mutiny wallet devs.
Nice try slinging mud.
Decentralization and custody are two separate things.
Incentives matter. Drivechains break incentives.
Layers can and will happen. It’s one of the best ways to scale.
ecash will augment this tech and enable even more privacy on bitcoin
heh. I only use the mprocs interface. I am CLI proficient but not a native.
I think the aim of the UI would be to make the barrier to entry lower, but also to be an educational tool. (i.e. a tooltip to show the config that lightningd uses to connect to bitcoind)
this can't happen on nostr. thoughts and ideas are free here.
the same people FUDing ecash because it's custodial, probably point their hash to a mining pool.
Now run and manage the code. Don’t forget liquidity and uptime. And you should get a watchtower too.