No, I think fedimints are incredibly cool, probably the biggest breakthrough in multisig technology in the last five years. I particularly like that the fedimint software was designed from the ground up to support lightning without the members of the fedimint needing to trust the lightning node operator with their money. That gives it similar properties to a federated lightning node and can probably serve a lot of the same use cases. I also think Mutiny deserves some kind of award for integrating it into their wallet. They are doing amazing things and I'm very proud of them.

I just don't like hiding the risks. The fedimint software is just as custodial as the software Coinbase uses to manage their multisig vault. Telling people that a fedimint "counts" as non-custodial (or close enough) seems dangerous to me and is likely to get people rekt. If folks are fooled into thinking fedimints are inherently safer than "regular" custodians, I predict scammers will soon run fedimint software to steal people's funds under the guise of "you can deposit your money here, it's safe, it's a fedimint, stealing your money would be super duper hard!" Unfortunately it's all too easy, because it's custodial software.

I know that when I go into rants like that it sounds like I disapprove of custodial software such as fedimints. But I don't disapprove of them. I think they are very cool and useful, I just want users to be clear about the risks and know that it is experimental custodial software, and, like all custodial software (and most non-custodial software too), if they put any money in it, they should be prepared to lose it.