plebeian on Nostr: KYC is the past. KYM - know your mint - is the future We need to work hard to bring ...
KYC is the past.
KYM - know your mint - is the future
We need to work hard to bring valid KYM standards in to the space
KYM - know your mint - is the future
We need to work hard to bring valid KYM standards in to the space
quoting note1urk…ktcmFederated eCash mints are meant to be established within the communities where people have established trust based on internal social dynamics.
In other words you join federation of people you really know and trust; your family and your local community and not some random mint you saw being shilled on social media run by people you don’t know and can’t possibly trust.
Trusting random mints will make eCash be just ICO shitcoin trend of this cycle and will rug a lot of people.
#Bitcoin is meant to be used in trust minimized ways so stay safe out there and trust no one.