0 sats \ 1 reply \ @orangecheckemail_isthereany 9h \ on: AMA with niftynei, core-lightning contributor, btc++ organizer, base58er AMA
Can a fedimint token issuer give a cryptographic proof of reserves? Is is it possible for a fedimint mint to demonstrate that the tokens exist one-to-one with bitcoin locked in lightning contracts? Is it possible for the user-base to collectively prove this to themselves?
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63 sats \ 0 replies \ @niftynei OP 9h
the fedimint observer project is working on helping solve these questions i think.
one thing that isn’t well known about fedimints is that the federation members actually have a whole lil blockchain that records the state of ecash tokens in the system. I’m assuming it also has an audit log of funds locked in and signed for. so that’d probably be the most obvious place to start looking for details about the funds in a mint
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