Leo Wandersleb on Nostr: So you want the mint operators in the fiat framework of money transmitters? I think ...

So you want the mint operators in the fiat framework of money transmitters? I think we can do better. For one, I want fist-reach custody. No "Wallet of Satoshi now supports Cashu and they are the good guys so let's all use their mint" but "Who's the closest person to me who can help me custody funds for spending". And to PABLOF7z (npub1l2v…ajft)'s argument that it's "for high-velocity pocket change, not for your savings!" I would say that with fees reaching X per transaction, LN and eCash will be used for anything starting at 20X and that is not pocket change by my estimate. I guess that 10 years from now, on-chain transactions will cost well over $500 making these alternatives necessary for anything under $10k. We will do monthly payroll using eCash.