Technically in every way inferior. Read some tech comparisons.
Liquid was meant as an arbitrage/exchange tool between CEX.
Discussion
But it's still bitcoin and not a shitcoin. L-btc loses because it needs trust in the federation. But it gains in anonymity and reduced fees.
I said read about the technical aspects. L-BTC is not BTC. It's a derivative that involves trust in the federation. Now do you participate in the federation? No! So it's a classic trust me bro thing.
Besides that Monero plays in a different league from a privacy perspective.
Giving up some privacy to gain some of the properties of Bitcoin is a smart hedge.
Giving up both essential qualities of Bitcoin and Monero not only sounds stupid. It is stupid.
Liquid is meant to be used by CEX. So if you are not Kraken, Coinbase or Binance what are you even trying t achieve?
You don't gain anonymity. It doesn't hide sender or receiver so is still traceable. Even says this on their website...🤦♂️
I swear, if I called a pair of shackles a "Bitcoin sidechain" yall would clasp them to your wrists just because of the name
my understanding is that by withdrawing bitcoin from the exchange and sending it to sideswap (peg-in) and then transferring L-BTC to my wallet I would already be anonymous. isn't that true?
No you are not anonymous on L-BTC. It is almost exactly like Bitcoin onchain except only amounts are hidden. You can still see what addresses are transacting even if you don't know the amounts.