If we can deliver a solution here without requiring a covenant, it’ll be really fantastic.
I wonder if a p2p network running frost participants can make this happen.
Basically replace fedimint with a P2P network. How do you assure the p2p participants are honest becomes the next question.
I am of the opinion that if miners also act as the p2p-mint participants then we have some exciting possibilities.
Why miners? Because they earn the right to be p2p-mint participants by publishing PoW shares and their good behaviour guarantees them their payouts. Good behaviour is anything that the majority decides is good - just like bitcoin.
Just some early houghts at the moment that need a fair bit of further work. I am thinking of all this in the context of a P2P mining pool.