part of the value prop of bitcoin is fixed 21M and easily being able to audit supply
potentially, like exchanges, your balance in a mint could be made up of bitcoin IOUs. this is why some people are treating Fedi with some level of scepticism
Fedimint is no doubt a custodial wallet. I think it is a much better custodial wallet than the traditional account with an exchange or with an app like Wallet of Satoshi because you have to trust k of n of the federation don't collude against you instead of just a single custodian.
Many people across the world use custodial lightning because it is simply easier and cheaper than non-custodial lightning wallets. Giving those people a better option is what makes me excited about it.
I think using a federation for your day to day transactions and then holding your savings in non-custodial layer 1 will be a great option for many people.
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