PSA: No UASF is needed for Fedimint.
Ethan Tuttle
ethantuttle@nobluecheckfor.me
npub1tmyc...el78
professional ehash shill
shill pioneer
Good morning.
Fedimint mining pools are going to be a game changer.
In a Fedimint, at least 2/3 of the guardians need to be online or non-malicious for consensus to keep functioning.
There no differentiating between offline and actively malicious.
Below that threshold, funds are still safe but new transactions cannot occur and things stop working.
Ecash will happen because the world still needs offline capable money.
When email providers find out that AI are spamming the ever living shit out of things, they'll need to have a way to filter stuff. So maybe they run a fedimint or cashu mint and require a little ecash on every email to get through the filter. Same thing with ads, you want to serve me an add, attach some ecash sats and then I'll look at you're beautifully crafted 15 second video telling how great your cat backpack is.
Is there an upper limit to the number of Guardians?
Since every guardian (aka server aka node) in a fedimint needs to communicate and come to consensus over the network, you largely run into a latency constraint around consensus.
Especially if the network latency of those machines amongst each other is variable or high.
Eric Sirion (fedimint creator), supposedly did some upper limit testing and found that consensus starts to get unreliable/weird/etc around ~15 guardians, so I'd estimate ~4-10 being a sweet spot for number of guardians. This works well with the intended scope of fedimints - small, "local", focused, second-party custody.
Since each guardian might be running different hardware/operating system/etc. giving explicit upper limits can be tricky, especially given the relatively small sampling set of people running fedimints in the real world.
If you have low priority, high time effort coding tasks, consider Replit bounties.
Magical.
ok, which one of you schmuck took nostrmint.com?!?
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00many or @N
Ecash has better trade offs than custodial lightning.
@Cyph3rp9nk
Thoughts on Fedimint?
A Fedimint could easily pre-coordinate nonces to be used in FROSTr. Shared consensus between Fedimint guardians is already being done.
#Fedimint nostr community (also subreddit type thing)
nostr.kiwi - communities for everyone
Communities for everyone
Streaming in Fedimint Discord. Writing tutorial docs.
chat.fedimint.org