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But e cash federations are kosher
Said who? (Actually I know a lot of people who said they were, I'm just saying I'm not one of them)
The mutiny creator
Liquid is bad because of federation
But please embrace fedimint and cashu
I'm not gonna embrace fediment and cashu. Its also not the first thing I've disagreed with the mutiny creator about lmao. Its not that much that I disagree with him so don't get that impression, but lets just leave it at, I'm not a hero worshiper lol.
So look I'm looking at self-custodial stuff. n-of-n multi-sig like how the lightning network is 2-of-2. So you could do more like 7-of-7, but all of the participants have to be online. So all 7 people have to be online. However, if we have CTV (or any other covenant method) we could do timeout tree vtxos and then its like the ARK protocol.
(Pending a better paper getting made) I currently like John Law's "Scaling Lightning with Simple Covenants" https://github.com/JohnLaw2/ln-scaling-covenants/blob/main/scalingcovenants_v1.3.pdf
Because I don't want banks/rehypothecation.
Now, I did see Calle talk about trading one e-cash with another e-cash atomically which was neat and everything, but being m-of-n (a federation or 3-of-4 for example) instead of n-of-n with unilateral exit doesn't sit right with me.
https://m.stacker.news/33124
But who knows, maybe we'll figure out something self-custodial with e-cash somehow...who knows what the future could hold.
Good analysis
I like to point out the liquid federation haters who speak highly of e cash mints like Fedi and cashu. I guess they can’t ascertain fedi is short for federation. Their hypocrisy is annoying in addition to their lack of logic.
On mutiny you have to join a federation before opening a lightning channel.
I am bullish on liquid and lightning and fedimint
Federations are not the end of the world. I won’t lose any sleep over it.
On mutiny you have to join a federation before opening a lightning channel.
No, you don't. We had channel opening functionality at the beginning far before adding fedimint. And nothing has changed with it.
I joined a federation. No regrets.
I actually regret opening a lightning ⚡️ channel
The frantic outcry regardless of that is "It uses Liquid which is ultimately a custodial multi-sig with a bunch of companies and you aren't one of them nor do you have unilateral exit"