Many forms of Bitcoin banks will exist. Single-issuer chaumian ecash mints will be one of them, but I'm going to be personally using models that distribute trust instead of centralize it, like federated models, either in e-cash or in something like liquid. Electronic bitcoin IOUs from single issuers face the same issues as custodial lightning providers. And because of this, they should only be used for pocket change, in my opinion.

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You can still get rugged by a federated mint. Federation offers a false sense of complete security. Your key point is valid though - bitcoin allows self sovereign "savings", for which custodial solutions are no better than traditional banking.
I agree, and I am not under the illusion that fedarated models offer complete security. But I wild be willing to store much more value as L-BTC as I would in Cashu or Wallet of Satoshi for example. Even when I run my own lightning node, I can rug myself. ๐Ÿ˜
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