Two way pegs are useful. Peg…

Two way pegs are useful. Peg in is easy as it can be recorded. Peg out requires trust. So who do you trust? Trust a custodian? Trust a federation? Trust the miners?

Each has trade offs. Miners have already gone rogue once, so I'd rather not give them a chance to steal. Custodians are an obvious pont of failure. Federations are problematic. I think miners tendancy to steal depends on the size of the pot. The game theory is complex.

Id rather try some of these things over nostr, with different models taking different market share and delivering the same utility the end user. For example build trusted federations of nostr users and/or relays using something like Tendermint or any number of consensus algos. Even something like etleneum over nostr.

Smart contract use cases can be tested out on nostr this way to see the utility and demand.