freetx on Nostr: The problem with fedimints and CashU is there is no control over the number of ...
The problem with fedimints and CashU is there is no control over the number of "tokens" the mint produces.
Its literally a Federal Reserve w/ ecash model. I'm not hating on that, as it does have some utility.
Just remember: YOU HAVE NO ABILITY TO AUDIT HOW MANY ECASH TOKENS THE MINT HAS PRODUCED.
you will be frac-reserved!!!!
Published at
2024-01-21 14:49:34Event JSON
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"content": "The problem with fedimints and CashU is there is no control over the number of \"tokens\" the mint produces. \n\nIts literally a Federal Reserve w/ ecash model. I'm not hating on that, as it does have some utility.\n\nJust remember: YOU HAVE NO ABILITY TO AUDIT HOW MANY ECASH TOKENS THE MINT HAS PRODUCED.\n\nyou will be frac-reserved!!!!\n",
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