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@ mOOSE
2025-04-08 17:30:51
Ah, I think I understand what you're saying, but I disagree with you very strongly. It is not a black and white issue.
I currently trust the base chain of Bitcoin for almost the entirety of my holdings, which is more than I have in any other single asset.
I would trust the liquid network somewhat more than something like PayPal because the federated model protects me against rug pulls and I would store an amount of money on liquid similar to what I am comfortable with on PayPal or CashApp.
And I would trust Cashu as much I would trust putting my money in someone elses pocket and spending an IOU that they promise to pay upon receipt.
There is a huge difference in those three security models, in my opinion.
As to Fedament, I remember seeing you kind of brag that they were an abandoned project not too long ago. I would be willing to use a federated e-cash system way before single issuers. That's for sure.