1287 sats \ 2 replies \ @SahilC0 21 Jan \ on: Fedimint is Self-Custodial ecash
Controversial and will take people a long time to see what you're seeing, I think. Took me a while for sure. Fascinating stuff. It's literally made me reconsider (and articulate more clearly) why I dislike shitcoins.
My distaste for shitcoins it's not about decentralization anymore. The difference between a high quality ecash (good federation) vs a shitcoin token is literally one thing - the level of redeemability to bitcoin. Across time, how close can the token get swapped 1:1 to bitcoin.
ETH tokens, XMR, and other shitcoins: at any given moment in time, I have very low confidence they can be swapped 1:1 (same value as the past) to sats.
A high quality ecash token issued by a well-run federation (or even, L-BTC issued by the Liquid federation!), I will have much higher confidence, and so I wouldn't consider that token a "shitcoin".
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0 sats \ 1 reply \ @JustinGoldberg 26 Jan
anyone can run their own cashu mint, even on an IP address. Not sure about TOR hosting though.
Fedimint uses Cashu as a component.
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21 sats \ 0 replies \ @TonyGiorgio OP 26 Jan
Fedimint uses ecash, it does not use cashu.
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