Oddbean new post about login | logout Fedimints and Cashu answer the scale question. If your grandma gets orange pilled, she’s going to have a tough time figuring out how to self-custody via a multisig solution. But “banks” make sense to her. Trust will build in local communities. Mass adoption will start trusting second and third parties.
I need to reread the white paper. I thought we were trying to avoid 2nd and 3rd parties.
Beauty is that you can/should and that should be encouraged. However, especially at certain amounts it’s going to be impossible at some point for the normie user to self custody due to fees and technical know how. Fees alone are already through the roof and this is just the beginning. So, what do you do when the cost of fees exceeds the amount you are putting into cold storage? What’s your solution?