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0 sats \ 5 replies \ @nicosey 21 Jan 2024 \ on: How is Fedimint better than MercuryLayer? ecash

There are solving a very different problem. One is solving custody, the other is a alternative layer 2

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0 sats \ 4 replies \ @kevin OP 21 Jan 2024

Can you elaborate? Both are Layer 2 solutions as far as I understand.

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0 sats \ 3 replies \ @nicosey 21 Jan 2024

Layer 2s by there definition allows users to always go back on chain. That is what MercuryLayer, Ark and the lightning network allows you to do. Fedimint is shared custody.

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0 sats \ 2 replies \ @kevin OP 21 Jan 2024

Ok - so how does Fedimint solve custody? You’re still beholden to a third party that can rug you at any point in time

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0 sats \ 1 reply \ @nicosey 21 Jan 2024

i would not say it does, its a different trust model.

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0 sats \ 0 replies \ @kevin OP 21 Jan 2024

So no point to Fedimint then? Might as well use Wallet of Satoshi? Or Liquid?

Guess MercuryLayer comes out on top then…

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