decentrian on Nostr: First of all, gm. Secondly, — > that's fedimint. Yeah but fedimint is just a big ...
First of all, gm. Secondly, —
> that's fedimint.
Yeah but fedimint is just a big multisig. I just wish there was some sort of consensus mechanism for controlling a mint. It’s just a thought, i’m not smart enough to figure these things out and maybe cashu’s design wouldn’t even allow for something like that.
> mints can either be treated as an unlicensed money transmitter,
Agreed. I don’t see any regulated institution using cashu, it’s too private for them.
> or begin using the KYC feature that calle is working on right now
- Yeah what’s that all about 🤦🏻♂️lol
> perform fractional reserve free and clear.
- yeah this is definitely a deal breaker for cashu.
> the trick is to provide scalable self-custody and privacy without shapeshifting into a different species.
- Yep. Do you think any of the newly proposed soft forks will allow for this to be done on layer 2’s ? How about Ark and Bitvm2 ?
> that's fedimint.
Yeah but fedimint is just a big multisig. I just wish there was some sort of consensus mechanism for controlling a mint. It’s just a thought, i’m not smart enough to figure these things out and maybe cashu’s design wouldn’t even allow for something like that.
> mints can either be treated as an unlicensed money transmitter,
Agreed. I don’t see any regulated institution using cashu, it’s too private for them.
> or begin using the KYC feature that calle is working on right now
- Yeah what’s that all about 🤦🏻♂️lol
> perform fractional reserve free and clear.
- yeah this is definitely a deal breaker for cashu.
> the trick is to provide scalable self-custody and privacy without shapeshifting into a different species.
- Yep. Do you think any of the newly proposed soft forks will allow for this to be done on layer 2’s ? How about Ark and Bitvm2 ?