What is even funnier is that you feel "attacked" by that. Sure use what works for you. Many people use revolut cause it works great for them. But don't pretend a permissioned stablecoin is some sort freedom sovereign tool.
There's also wrapped BTC on Tron, and I heard it's cheaper 🤣
To say that liquid is a stablecoin is quite ignorant.
All IoUs are stablecoins. Instead of being a USD stablecoin, it's a BTC stablecoin, i.e. it's some other token that mirrors the value of real bitcoin according to someone else's promise.
The definition of stablecoin is associated with fiat money as opposed to the volatility of Bitcoin.
L-BTC is an IOU, I agree, and I will never deny it, but if you understand how it works and its risks, it is another scaling solution, I will never say that L-BTC is Bitcoin, LN-BTC for example is Bitcoin.
But from there to say that L-BTC is fiat, I do not think it is fair beyond creating controversy in the same way that it is not a stablecoin.
When a better scaling solution comes out (as I think ARK is) do not doubt that I will use it and stop using worse solutions.
L-BTC is a stablecoin the exact same way WBTC is a stablecoin. It does not need to represent a Fiat currency to be a stablecoin. It's "stable" because someone is guaranteeing the peg.
L-BTC is as much a shitcoin as Monero.
I prefer to use decentralized and private Monero as a scaling method over Blockstream's federated Liquid protocol.
