110 sats \ 2 replies \ @SimpleStacker 26 Jul 2022 \ on: Can Fedimints Help Bitcoin Scale To The World? bitcoin
Seems interesting. But if the goal is privacy, there seems to be an important tradeoff here:
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If you are part of a small fedimint group, your privacy is low because you can be traced to a small group of people
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If you are part of a large fedimint group, the group becomes easier to target by authorities, and the pressure to comply with regulations would be much higher
Is my understanding correct? Curious to see where this goes, but i'm not really convinced about it right now
If you have a coin minted by a small mint and you want to pay with it, you'll probably use lightning and the payee will never know that you had a rare coin.
If a large mint is so reckless that it can be brought down by armed goons then some mafia would do just that. If it is stealthy enough that it doesn't have to fear armed goons then the pressure to comply with regulations is not that high anyway.
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From what I understand, there is no way to tell how many people are part of any given fediment group.
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