But what if they don't give a shit about reputation? Maybe not the current big ones like minibits, coins etc. But the future ones. Imagine Shitcoiner setting up cashu mints and after a long time and a certain amount of Bitcoin, people hold on the mints, they rug. Maybe got millions of dollars, enjoying life and setting up new mints. Like shitcoin ICOs back in 2017 or so but with mints? Would that be possible?

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Exactly. Here’s a scenario: I’m a brand new ecash user. I download wallet called Joe’s Ecash-O-Rama. It’s really slick and has good UX. I proceed to use it for a few weeks, get a bunch of zaps, onboard some friends and family members onto it. Then one day Joe disappears, his node goes offline, the wallet is unreachable, and everyone’s sats are gone. Now, not only do I feel scammed, but so does everyone I convinced to use it.