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0 sats \ 2 replies \ @Scoresby 21 Jan \ parent \ on: Fedimint is Self-Custodial ecash
I am but a young girl unschooled in the ways of war, but...
Isn't it that you sold your btc for the mint's ecash and when you go back on chain you have to buy btc with those ecash tokens?
If I use bitcoin to buy dollars from coinbase, I give them btc and they give me dollars. They aren't custodying my bitcoin for me until I ask for them back. Its their btc now.
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40 sats \ 1 reply \ @calle 21 Jan
If I use bitcoin to buy dollars from coinbase, I give them btc and they give me dollars. They aren't custodying my bitcoin for me until I ask for them back. Its their btc now.
That's not how banks work.
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25 sats \ 0 replies \ @Scoresby 21 Jan
Right. I'm saying ecash mints might not be banks. They might be more like exchanges.
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