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34 sats \ 0 replies \ @rtr 28 Apr \ parent \ on: Sill bullish on eCash? bitcoin
How hard would it be to just go to a different mint that doesn't require KYC? As far as I understand it, a fedimint can move liquidity between different mints using Lightning.
Basing from the fedimint pitch, they intend the tech to be used in small to medium size communities. Ideally, groups where users are large enough that they have sizable liquidity when pooled but small enough that rugpulling will have severe social consequences.
https://sgp1.digitaloceanspaces.com/losaec1ain/contrib/share/ext/2024.4.28..00.40.58-fm-spectrum-custody.excalidraw-4db14732495b99429517511026155dfa.png
Image source: Fedimint.org
I think the intent of Fedimint is to make it so that every mint is interoperable between each other. There's no "Alice's Sats" and "Bob's Sats." Mutiny Wallet does it already with its fedimint implementation, you can join a federation and send "eSats" to users from other federations and even use that for non-Fedimint Lightning payments.