I believe it's getting less and less likely that the average joe will ever hold real bitcoin in their hands in the future. Of course they'll still have the choice to do so but custodians of various types will grow so big and so slick that 90% of the planet will never even consider self custody for the same reason you wouldn't change your own car engine.

So SINCE society is destined to give custody of their keys to others, the game is all about how to make those others as trustworthy as possible. Token or not, Fedimints really do sound like one of the best ways to find trustworthiness in a custodian.

Liquid is great but the world doesn't know those 15 signatories personally. They can't actually trust them, even though mathematically they should be more trustworthy than your mom or preacher. But they do know their mothers and preachers and many other people in their society and assign them trust already. Fedi is here to take advantage of that trust and those existing relationships.