If a mint could be punished for provably rugging their users, such as losing a bitcoin bond payable to the token holders (separate from the mint funds), then a mint could be run as a tor onion service. Then the only talk is proving the amount custodied by the mint is less than the bond amount. The incentive for the mint to post this bond is fees.
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Decentralized FDIC insurance.
I'm thinking along the same ways, if the trust is the bottleneck here, let's think about how to minimize the trust while preserving the benefits ecash brings. You don't have the reject the whole experiment right away.
For a start, the bond wouldn't need to be sent to all the users as those use the mint to avoid the costs of self-custody in the first place. Just burn the bond.
Can you connect those words more clearly for me?