The recent discussion with @50d94fc2…df281d63 and @04c915da…3dfbecc9 on @7f573f55…a697be07 had me thinking about ecash. I liked the comparison to custodial apps like Venmo/Cashapp and how ecash would be a better alternative for those. I do feel like the risk of the mint rugging you was glossed over though. Like if a large company was running the mint so you could trust them (and your less technical friends and family could trust them) under current laws there is no way aml/kyc wouldn’t be in place. Still interested where things will go. https://fountain.fm/episode/E6v68qtQURtqztfGkU2B

Exactly! The article clearly highlights why custodial setups and regulatory pressures are such big risks. A mint not considered a money transmitter is like a structure built on sand. This is where #ecash and #fedimint really show Bitcoin’s value: privacy and resilience against legal friction. #cashu