0 sats \ 2 replies \ @om 11 Sep 2022 \ parent \ on: Standard Sats against Fedimint Hype bitcoin
what?
Given: uncle Jim who wants to run local Fedimint node. But he wants to distribute liabilities among his peers. He needs to find someone else or may be even several other people who may go into rabbit hole with him together.
Likely uncle Jim will fail to do that. Do you know any examples of people running Elements sidechain somewhere, besides Liquid?
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Ah, that one.
The question should be posed like this: "who would the community trust?". Then the problem disappears.
The Montelibero community that you're testing in has coordinated to emit a stablecoin which is overbacked by bank accounts and regularly audited. Might be actually better than Tether. This is exactly the sort of community that would benefit from Fedimint more than from solo uncle Jim setups.
Do you know any examples of people running Elements sidechain somewhere, besides Liquid?
No but if it had 1s blocks, better privacy and Liquid would be congested than it would surprise me if that didn't happen.
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