Fedimint transactions potentially both faster and cheaper than lightning transactions.
You do give up custody, so there is that.
But backed by Bitcoin, so no shitcoin!
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What makes #Bitcoin special is that it is not backed. Bitcoin is the thing itself. This is true on Lightning as on main chain.
Everything else is an IOU, and thus shitcoin.
I'd still claim that the lightning-network is based on a form of IOUs and I love it regardless 🧡