As far as I can tell, there are no similar measures in place with Mercury protocol.
That seems to be the case. The fraud can be trivially proven, which would obviously result in the wallet being labelled a scam and the developers being investigated, but there is no on-chain punishment (at least, not at the moment). So from that point of view it works the same as any centralized exchange or service, any mixer, or any non-open source wallet or piece of software - reputation. Not ideal, but I'd still be willing to trust them with small amounts of coins at a time to use their service in due course, once they've proven themselves.
If they fix the lack of security measures then possibly, it might be good. But as of now this really looks like an answer in search of a question.
Or an answer to a question that has already been answered.
The coding I saw on gitgub, was not great. But, I really can't say I am any better since a lot of times when I do stuff the first few dozen commits are so bad when I go back and look later I wonder if I was slipped some LSD in my morning coffee when I started the project.
I use a services like Whirlpool / Wasabi / JoinMarket. But, that's just me since I run my own nodes / servers for them.
That newbie
raw_avocado is a real person, bitcoin og and you can easily find him on youtube and other social media.
He obviously cares about privacy for Bitcoin, not about some shitcoins or scamming people.
Some of the things he said in the video were not 100% accurate. I had it on late last night while doing some other things, will watch it again, before commenting more.
As for OG? Only 1 post here, the youtube channel that the video he posted here is only 10 months old mostly filled with meh videos IMO and his twitter account although 5 years old is filled with a lot of crap, yet again IMO
At 1st glance looks like someone who wants to be an 'influencer' will go dig deeper later.
-Dave