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jb55 | 4 months ago (raw) | root | parent | reply | flag +1 
 maybe the solution is just "whatever cashu mints random people you follow suggest". I feel like this will just lead to many rugs =/ Maybe we're just too early and will have to wait for a few reliable mints to establish themselves.
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jb55 | 4 months ago (raw) | root | parent | reply | flag 
 I'm not a fan of hobbiest mints when it comes to people's money. Would be seriously irresponsible of us to be pushing users there who don't know about any of this stuff.
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PABLOF7z | 4 months ago (raw) | root | parent | reply | flag +3 
 Yes, but also make it so that your users don’t hold large balances on any single mint; say when 10k sats is reached in any mint you shuffle things around or guide them to move funds into an established fedimint or Liquid.

The thing is that when the user has no funds they can’t spend fees to improve their setup, but once there are some funds to protect more choices become economical.
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jb55 | 4 months ago (raw) | root | parent | reply | flag +2 
 That’s a good point, maybe the clients can diversify risk automatically shuffling balances across many different mints. The engineering and design to do this right will be a decent amount of work, but its an interesting approach 🤔
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bitgould | 4 months ago (raw) | root | parent | reply | flag 
 I’ve seen no kyc regulated financial services are viable for small amounts (i.e. less than $1k). Could an institution offer a mint and somehow cap amounts with range proofs?