How does a user know which mints they can trust? What safeguards are built in to prevent losing funds due to bad actors? These are still unanswered questions in my book.
Once a mint rugs someone they loose all credibility… and then nobody would want to use that mint anymore. So it’s in their best interest not to rug because then nobody would use that lint anymore.
Use it for small amounts only
Like spending cash in your wallet.
You wouldn’t walk around with thousands of dollars in your wallet because you could get robbed
It’s not a savings account
But also you could run your own mint and not have to trust anyone
Or you could diversify across hundreds of mints.
Or your local bitcoin meetup could run a mint and you know those people in real life so if they rugged you . You could r mess up their reputation….
Use it for small amounts only
Like spending cash in your wallet.
You wouldn’t walk around with thousands of dollars in your wallet because you could get robbed
It’s not a savings account
But also you could run your own mint and not have to trust anyone
Or you could diversify across hundreds of mints.
Or your local bitcoin meetup could run a mint and you know those people in real life so if they rugged you . You could r mess up their reputation….
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