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.
Login to reply
Replies (1)
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. 😁