Lightning Bitcoin is Bitcoin because you can self-custody if you wish.

You can’t self-custody Liquid. Is it a shitcoin? Is it one that we approve of because we trust and respect the bitcoiners behind it?

If some crypto-blockchain startup built a “shared-custody pegged-to-Bitcoin” token, they would not be received kindly.

What makes Liquid different? (I’m actually asking — not trying to stir up controversy). L-BTC is obviously serving a potentially valuable role in Bitcoin’s story.

What sets it apart from another generic cryptographic pegged token? #asknostr