I wonder if we’ll see more wallet providers and LSPs choose the Fedimint model to reduce their risk. Spread the federation guardians across many jurisdictions.
If your jurisdiction labels you an unlicensed money transmitter you simply quit and your users won’t notice a difference. Funds still move.
If one guardian wants to retire then the mint can still function and lightning payments can still be routed.
Seems to be a more stable solution albeit you now have a custodian.
MachuPikacchu / Machu Pikacchu
npub1r6…4gmmd
2024-08-05 18:24:16
in reply to nevent1q…zv56
Author Public Key
npub1r6ggl0qazvwp02rlxgrf75lkfazuwhu35tmdg0u25eqsjax6243qh4gmmdPublished at
2024-08-05 18:24:16Event JSON
{
"id": "cb2c09cc66fec3673ea30aa4c9c3091930ae02ac860cc3d5e796735f3e84a16e",
"pubkey": "1e908fbc1d131c17a87f32069f53f64f45c75f91a2f6d43f8aa6410974da5562",
"created_at": 1722875056,
"kind": 1,
"tags": [
[
"e",
"cd5f8d4aaf1f3d73be3f04fe597137c95ec6fe7dbe06bfcd8e120c4249a521b8",
"wss://nostr-pub.wellorder.net",
"root"
],
[
"p",
"1e908fbc1d131c17a87f32069f53f64f45c75f91a2f6d43f8aa6410974da5562"
]
],
"content": "I wonder if we’ll see more wallet providers and LSPs choose the Fedimint model to reduce their risk. Spread the federation guardians across many jurisdictions.\n\nIf your jurisdiction labels you an unlicensed money transmitter you simply quit and your users won’t notice a difference. Funds still move.\n\nIf one guardian wants to retire then the mint can still function and lightning payments can still be routed. \n\nSeems to be a more stable solution albeit you now have a custodian.",
"sig": "a19239576465564085d7548d5aff00d47fd97241ce385dcc88a31c22a188bfa9c9f7fdfe01d3148fc0e610a861e2490b52ecc1ab239b33b0ef4426d0678af9ac"
}