I’m still pretty fuzzy on them as well. It sounds like fiat built on the gold standard but with Bitcoin instead of gold backing it.
To me, the problem is that you are trusting the Fedimint for a lot, but it has to be better than the current system.
bobby / Bobby
npub10c…k94en
2023-03-08 02:34:56
in reply to nevent1q…2w5f
Author Public Key
npub10cnmvpgt7ppgzhlw8rpm359twwqz5yrjd5v06k8uelv9z4u359ss2k94enPublished at
2023-03-08 02:34:56Event JSON
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"content": "I’m still pretty fuzzy on them as well. It sounds like fiat built on the gold standard but with Bitcoin instead of gold backing it.\n\nTo me, the problem is that you are trusting the Fedimint for a lot, but it has to be better than the current system.",
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