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Coinbase has custody because they have unilateral access
Agreed
In a fedimint no one has unilateral access to the funds
Disagreed
The group is someone
That someone has unilateral access to the funds
Therefore it is custodial
They're the same picture.
Coinbase is multiple stakeholders overseeing a multisig vault.
No one at Coinbase has unilateral access any moreso than a gaggle of clowns running mintcoin.
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Coinbase has custody because they have unilateral access. In a fedimint no one has unilateral access to the funds so it is non-custodial.