No, you're not delusional, it is definitely a concern. Users will be more willing to trust known mint runners with a good reputation, but that makes the mints easier targets for the state. Anon mint runners would be harder to find, but easier for them to rugpull users without consequence.
The arguments I hear are that federated mints would at least make it harder to rug users, ability to quickly spin up/move mints to better jurisdictions, and to only keep spending cash on it them - not large amounts you can't afford to lose.
Even though I think the strong privacy/offchain/instant aspects of ecash is cool the major problem I have a hard time getting past is reintroducing trusted intermediates again when the whole point of Bitcoin was to remove them
SaberhagenTheNameless / Saberhagen The Nameless
npub14a6…z6rn
2024-05-26 12:39:39
in reply to nevent1q…r7yq
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2024-05-26 12:39:39Event JSON
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"content": "No, you're not delusional, it is definitely a concern. Users will be more willing to trust known mint runners with a good reputation, but that makes the mints easier targets for the state. Anon mint runners would be harder to find, but easier for them to rugpull users without consequence.\n\nThe arguments I hear are that federated mints would at least make it harder to rug users, ability to quickly spin up/move mints to better jurisdictions, and to only keep spending cash on it them - not large amounts you can't afford to lose.\n\nEven though I think the strong privacy/offchain/instant aspects of ecash is cool the major problem I have a hard time getting past is reintroducing trusted intermediates again when the whole point of Bitcoin was to remove them",
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