Good afternoon ZmnSCPxj,
Thank you for your thoughtful reply! I agree with many of your points.
One thing I wanted to say regarding the forces that act on banks:
> It is helpful to remember that banks have, historically, been federations:
> they are typically implemented as corporations, which
Good morning elsirion,
> Hi ZmnSCPxj,
>
> let me chime in here, I've been working on federated mint for quite some time
> now but only recently began talking about it more publicly.
>
> > WabiSabi "simply" replaces blinded signatures with blinded credentials.
> > Blinded signatures are fairly
Hi,
> * WabiSabi uses KVACs which afaik do not allow client side validation. While
> I can't say if it will be a big problem it makes detecting certain failure
> scenarios harder imo.
> * The KVAC scheme referred to in WabiSabi [1] is not a threshold scheme
> afaik, undermining the central
Hi ZmnSCPxj,
let me chime in here, I've been working on federated mint for quite some time
now but only recently began talking about it more publicly.
> WabiSabi "simply" replaces blinded signatures with blinded credentials.
> Blinded signatures are fairly low-bandwidth either you have a
Good morning again CAsey,
>
> I believe a major failing of Chaumian mints is that they are, at their core,
> inherently custodial.
> The mint issues blinded minted coins in exchaange for people handing over
> other resources to their custody.
> While the mint itself cannot identify who owns how
Good morning Casey,
I believe a major failing of Chaumian mints is that they are, at their core,
inherently custodial.
The mint issues blinded minted coins in exchaange for people handing over other
resources to their custody.
While the mint itself cannot identify who owns how much, it can
