42 sats \ 2 replies \ @030a29f333 12 Feb \ parent \ on: Ecash is just digital fiat. Change my mind bitcoin
Lyn talks a bit about ways that mints could be audited (to some degree). It's an evolving topic.
Would also say a fedimint with multiple guardians isnt 100℅ centralized. Centralization is a spectrum, removing a single point of failure is a reduction in centralization IMO. It's still far more centralized than Bitcoin, but there's tradeoffs (good and bad)
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0 sats \ 1 reply \ @joda 12 Feb
Yes but it's 100 percent custodial.
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0 sats \ 0 replies \ @030a29f333 12 Feb
Yes. Anyone claiming it's not is a red flag IMO. But custodial and centralized are 2 separate considerations
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