Good. Ecash is a custodial system. It is exactly like having a Wallet of Satoshi, but with a massive difference... they don't hold accounts for their users, they only track issued ecash notes and spent ecash notes.

This means that every time you spend, they have no idea who is spending, just that they received some ecash and need to perform a service.

It's a step in the right direction, but mints need to prove themselves like a company like Wallet of Satoshi has done by building a reputation for themselves as reliable.