Tim Bouma on Nostr: Agree. But that risk can be mitigated by using multiple mints and the ability to ...

Agree. But that risk can be mitigated by using multiple mints and the ability to clear out to Lightning at a moment’s note. Also, by separating the mint operator from the service provider, it further mitigates a single point of failure risk.

In the end, this architecture makes a mint like a money router - if one goes down, you can easily switch. Finally there are some neat reputation services appearing like bitcoinmints.com and nostr.watch that’s where I discovered reliable relays and mints that I can use.

Sooner or later, an organization will stake their reputation on running a reliable mint and/or relay. When that time comes, we’ll be able to manage our risks accordingly.