Oddbean new post about | logout
 Although I am a fan of the project, I don't like Fedimint being referred to as a scaling solution. it is a fully custodial solution and loses many properties that make Bitcoin what it is. 
 Fair - but some trade offs are required to scale to 8 billion people. If you realize that the builders of those solutions think similar to you, (Bitcoin maxi’s) you can imagine how they are creating checks and balances to ensure it is fully backed to bitcoin. 
 I too have confidence in the Fedimint devs (and Cashu) to mitigate the custodial risks. Looking forward to the next year...am super bullish on ecash "banking". 
 While custodial-ness and scale are not orthogonal, neither are they the same. 
 good point. I like how you phrased it too.