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utxo the webmaster 🧑‍💻 | 3 months ago (raw) | root | parent | reply | flag +1 
 I think the big piece is in theory the custodian being a fedimint is safer and more private than using a wallet like WoS or alby

Time will tell if this theory plays out
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Sergio | 3 months ago (raw) | root | parent | reply | flag 
 Is it being applied socially in any meaningful way at the moment? Alby and WoS are being used on Nostr. But is Fedi being used in a similar way?
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5c508c34 | 3 months ago (raw) | root | parent | reply | flag 
 It was used last year at the Prague conference

It's mostly targeted for small local communities and events afaik
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utxo the webmaster 🧑‍💻 | 3 months ago (raw) | root | parent | reply | flag +1 
 No idea, and not sure if there are any lightning addresses built on top. I know the vision behind fedi is like one hardcore bitcoiner can run the lightning node for their community instead of relying on a corporate custodian that may be compelled to freeze funds or share your transaction with governments and create giant honeypots
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Sergio | 3 months ago (raw) | root | parent | reply | flag 
 But wouldn't that require a personal trust. Like,  you would have to ideally known that person, right ? Otherwise it's the same as what we have now with trusting X node runner?
Is it fair to say that it's smaller circle trust based?
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verita84 | 3 months ago (raw) | root | parent | reply | flag 
 trust me. i host  lightning wallets and addresses
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utxo the webmaster 🧑‍💻 | 3 months ago (raw) | root | parent | reply | flag +1 
 Yes I think that's fair. I'm just speculating too I don't have any insider information. But I think the theory is, you are less likely to rug your friends and family than a faceless corporation. We'll see though, not sure I'm fully sold.
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Sergio | 3 months ago (raw) | root | parent | reply | flag +2 
 It's interesting.  I'm just trying to wrap my head around why I would use it or anyone else for that matter. Seems counter intuitive to being a bitcoiner in my honest opinion.  It flips the script back to trust , not trustless.  Strange right?
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utxo the webmaster 🧑‍💻 | 3 months ago (raw) | root | parent | reply | flag +4 
 Well, most of us here on nostr trust custodians. You and I both use alby for zaps.

If you're from a developing country and can only save modest amounts, you can't save with on chain Bitcoin or pay for your own lightning channel. Or if we want the whole world to hyperbitcoinze, there isn't enough block space. And so a trust trade off needs to be made to scale.
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Sergio | 3 months ago (raw) | root | parent | reply | flag +1 
 For sure. I guess I wouldn't put an amount on lightning I wouldn't be willing to lose. Same as Fedi I suppose.
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Huw | 3 months ago (raw) | root | parent | reply | flag +1 
 I think the original use case was for physical communities. The fedimint is multi-sig and would have 3 keys that are held by 3 different respected people in the community. Would mean that rugging is far less likely to happen.

It allows a community to have their own circular economy while also allowing people to cash in or out.

I don’t really see the point of them for online communities aside from privacy.

Externally, all that gets seen I think is a lightning transaction IN to the fedimint and then the transaction back out is blind? Not 100% but the idea was that it was harder to analyse lightning transactions I think