Another question… why is no wallet using Liquid instead of Coinjoin for privacy? I’m aware of the trust trade-off, but it seems like a workable solution for a spending wallet. At least until Fedimint has all the bugs ironed out and we’ve figured out a good onboarding UX to select a default mint. nostr:note133ld36tn30nqpk7qclwlsq4m5e5at4l4n094f0szhl347hl46fzqp7vry3
Discussion
Primarily because Liquid is federated and not totally decentralised. It requires a degree of trust, although there are many companies that are part of the federation.
Also Tether is a controversial addition, but makes perfect sense when you understand its use case.
I’m just trying to understand the pros/cons vs. Fedimint. For both backends I’d be ok to trust the federation to store 100 dollars worth of spending money if I get decent privacy in return.
They are different tools right. Not enough people use liquid unfortunately. I think liquid is complementary to lightning as in its a good way to refill a LN channel.
Conjoins are better for larger amounts. They might be more expensive but the funds are self custodial.